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EURUSD: Business : Nigerialog.com - Nigeria's Premier Online Forum

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EURUSD

By: alagbe003 (M) |Time : August 17, 2018, 10:11:57 AM
The Fibre made some recovery in the session yesterday as the possibility of trade talks between the two largest economy – US and China- offers some hope that the tension might not become a full-blown war. The common currency was also boosted by the decision of finance chiefs in Turkey to find a lasting solution to the tumbling of the Turkish Lira as well as the pledge $15 billion investment by Qatar in the country. The Greenback kicked off the day on a strong note but could not sustain the height as the release of unimpressive economic data weighed on it. The Census Bureau revealed that the annualized number of new residential buildings fell short of economists forecast at 1.17M against the 1.27M predicted.


Today, the instrument opened above the pivot and is still surging northward on the hopes of the meeting between White House and China easing trade tensions. The statement of support from Berlin that they will help to avoid an economic meltdown of Turkey as well the willingness of Paris to improve trade relationships with Turkey is expected to aid the common currency in today’s session.

Re: EURUSD

By: Adenosine (M) |Time : August 17, 2018, 01:01:33 PM
Thanks for this information, am seeing the effect in today's trade already....

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