USD in positive territory again - FXStreet

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the dollar eased in the US afternoon, but closes the day mostly in positive territory against its major rivals.



Key Quotes:



“The downward movement in the American afternoon was again due to weaker yields, trading again at the bottom of its latest range. But the day started much earlier, with ECB monthly economic decision: the European Central Bank offered no news in its press conference, and basically reiterated its commitment to use any tool at disposal to boost growth”.



“Also worth’s noticing Draghi remark on the imbalance, between the ECB and the BOE and the FED, something I marked several times over the last few months: Draghi advocated for a weaker EUR and he got it”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD in red near 1.0850

  2. Forex News

    EUR/USD sees downside risks – FXStreet

  3. Forex News

    EUR/USD softer on Greece

  4. Forex News

    More USD Downside Due in Days Ahead?

  5. Forex News

    EUR/USD drops to lows near 1.0820

Trading Center