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11/ 01/ 2017
Today Focus of investors will be on possible economic policies from President-elect Donald Trump who is scheduled for a news conference in the evening 8.00.P.M UAE time.
The dollar index, which measures the greenback against a basket of six major currencies, has climbed more than 4 percent since Trump's win on Nov. 8 as investors have bet his promised fiscal expansion will boost inflation and growth, leading to a faster pace of Federal Reserve interest rate increases.
10/ 01/ 2017
EUR, it gained some upside momentum yesterday after positive reports from Euro Sentix Confidence was boosted. Trade Balance for Germany for the same month was more encouraging, as the seasonally adjusted trade surplus widened to €21.7B, better than the €20.8B expected, with monthly imports up by 3.5% and exports by 3.9%.
GBP plummeted when the UK markets opened on Monday after Theresa May’s statement over the weekend on Brexit. She mentioned "not just a desire but strategic thrust to abandon the single market in exchange for regaining control over immigration" which has caused uncertaintiy among investors.
08/ 01/ 2017
The US dollar wobbled in the wake of 2017, torn between good and bad news. The US Federal Reserve released the Minutes of its latest meeting, indicating that much of their decision of rising rates last December, came as an answer to market's reaction to Trump's promises of infrastructure investment, and aggressive fiscal policies.
Sill policy makers said that there is "substantial uncertainty" about the outcome of the upcoming administration, and warned about the downward risk of a stronger dollar over growth and inflation.
05/ 01/ 2017
Euro-Zone inflation ended 2016 at its highest level since September 2013 as soaring energy and food prices fed through. While the number will have cheered European Central Bank President Mario Draghi, and lent credence to his ongoing ultra-loose monetary policy, the uptick was expected as last year’s lower oil prices rolled out of the data.
The American dollar edged lower against all of its major rivals this Wednesday. The FOMC minutes from the December meeting showed that FED officers saw a stronger dollar holding down inflation, putting the greenback under selling pressure immediately after the release, reiterating that a gradual pace of rate hikes will likely remain appropriate while adding that Trump's upcoming administration generates "considerable uncertainty" over its effects on the economy.
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