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Forex today: why is the USD falling?

Forex today: why is the USD falling?
админ
15/03/2018
forex market today 300x207 - Forex today: why is the USD falling?

The dollar index is weakening today. There were several reasons for that. Let’s look.

  • First of all, the new White House economic adviser Larry Kudlow announced that Mr. Trump will support a strong dollar, however, he also noticed that it will be a tougher policy in regard of China.

1521101368 9e848555691b09b0f5b3c06ec3d687f0 1200x1200 q90v3 - Forex today: why is the USD falling?

  • Secondly, the US retail sales’ data was released yesterday. Although the figure was the same as in the previous month, it appeared lower than the forecast. As the retail sales were the last indicator before the Fed’s policy decision next week, a question on the more hawkish mood on future increases is still open.

1521101180 947b656804e1959641e040a7a6c45fb7 1200x1200 q90v3 - Forex today: why is the USD falling?

  • As the result of uncertainties about the Fed’s policy, Treasury yields fell.
  • The yen is rising against the US dollar for the second day. The pair fell to 105.78 but could climb and now it is trading near 106. According to Fibonacci retracements, the support lies at 105.60.

1521101215 9979bfdacf87e6ddf67fc3a1764756d7 1200x1200 q90v3 - Forex today: why is the USD falling?

  • Despite a weaker data of the New Zealand GDP growth, the kiwi is rising. The falling US dollar is supporting this rise. The pair is trading around 0.7320.
  • USD/CHF is standing still ahead of the announcement of the Swiss interest rate and the monetary policy assessment at 10:30 MT time. No changes in rate are anticipated, however, the Swiss National Bank can give some comments on the future monetary policy.
  • Yesterday the euro declined to the support level at 1.2360 but could not break it that led to the slight strengthening of the euro. It is trading a few points above the support. However, no important data will be released today, so there is a chance that EUR/USD will break the support and fall further.

1521101242 ece6c3cfd6736c88dad910dc12d69721 1200x1200 q90v3 - Forex today: why is the USD falling?

  • Bitcoin is falling. The cryptocurrency plunged to $7,666. Now it is a little bit higher trading quite above $7,700. The support lies at $7,150, not so far for bitcoin price’s speed.
  • There are no big movements of the other currency pair.

Source

Related ItemsBitcoinChinacryptocurrencycurrencydollar indexeconomicEUReuroFedFed’sFibonacciforexGDPinterest ratemarketmonetary policyNew Zealandpricerateretailretail salesrisesalestradingTrumpUSUS dollarWhite House

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news
15/03/2018
админ
Related ItemsBitcoinChinacryptocurrencycurrencydollar indexeconomicEUReuroFedFed’sFibonacciforexGDPinterest ratemarketmonetary policyNew Zealandpricerateretailretail salesrisesalestradingTrumpUSUS dollarWhite House

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