- Analytics
- News and Tools
- Market News
- Forex: Thursday’s review
Forex: Thursday’s review
Yesterday the dollar declined for a second day against the euro as U.S. lawmakers publicly wrangled over the spending cuts and tax increases of the so-called fiscal cliff.
The greenback was mixed against higher-yielding currencies after a report showed the U.S. economy grew more than previously estimated in the third quarter and House Speaker John Boehner said “no substantive progress” was made in budget talks.
Senate Majority Leader Harry Reid said Democrats were all on the same page on budget talks and Senator Chuck Schumer said there has been progress. House Democratic Leader Nancy Pelosi said Boehner’s comments were a “tactic.”
The euro gained against the majority of its 16 most-traded peers as Italy’s benchmark bonds gained for a third day as borrowing costs declined at a debt auction.
Spain’s 10-year bond yield dropped to the lowest level in eight months while similar-maturity Italian yields declined to the least in two years, signaling the debt crisis that has weighed on the shared currency since 2010 may be easing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
