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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

USD Regains Footing as EUR Drops due to Dovish Comments from ECB

January, 20 2017
watermark Economic news

The USD was able to reclaim the majority of its losses prior to the inauguration of US president-elect Donald Trump due to an increase in Treasury yields along with a plummeting euro after Draghi stated that there are no concrete signals yet which indicate an actual inflation in the eurozone. The EUR increased slightly in value during the earlier parts of this week after uncertainties that the recent positive outlook for economic data in the EU might have been the catalyst for the ECB to discuss the tapering of the central bank’s asset purchases.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.