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

Related Forex Analysis
  1. Forex News

    EUR/USD: There may be more room to the topside - FXCharts

  2. Forex News

    Doubt in Greek Election, Capital Market Climb Confidence Highlights EURJPY

  3. Forex News

    EUR/USD coming in mildly positive - FXStreet

  4. Forex News

    Chinese Yuan Tumble a Signal for Yet Another Global Flash Point

  5. Forex News

    US Session Recap: Decent amount of activity across key players

Trading Center