Dollar sell-off continues as Sterling, Euro race to fresh multi-year highs
08:13, Jan 26, 2018
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After the International Monetary Fund raised growth forecasts and the global elite in Davos heaped praise on the economy's brighter prospects, the European Central Bank president is giving his own vote of support by saying that an interest-rate increase this year is very unlikely. It's now around 0.7375, still higher than it was 2 days ago.
The single currency spiked up to near a 2-year high of 1.5404 against the loonie and a new 3-week high of 1.6985 against the kiwi, from its early lows of 1.5268 and 1.6809, respectively.
The euro zone STOXX index fell 0.4 percent after hitting a one-week low, after the single currency spiked higher following remarks from Draghi who said the European Central Bank did not target foreign exchange rates.
Preliminary data from the Chain Store Association showed that Japan's supermarket sales recovered in December.
Political worries are still likely to remain the key influence on the US Dollar over the coming days, especially if the Trump administration continues to ramp up its protectionist approach to trade.
While a decision to keep policy on hold was in line with consensus expectations, some had envisaged a tweak in the ECB's language after policymakers signalled in minutes of the December meeting that a revision to guidance could be needed in "early" 2018.
Thursday will be a relatively busy day for FX markets as several economies are expected to release economic figures, while eyes will be mainly focused in the Eurozone where the European Central Bank will meet to decide on monetary policy. He was speaking after this week said he welcomed a weak dollar because it was good for U.
Draghi did say that there was a very low likelihood that the ECB would raise rates this year, although that didn't stop European bond yields rising after his press conference.
The Japanese yen rose 0.3 percent to 108.85 per dollar.
However, if United Kingdom growth disappoints and US growth beats expectations, GBP/USD could potentially rebound from its recent highs, particularly with many analysts still calling the US Dollar oversold.
The report said new home sales plunged by 9.3% to an annual rate of 625,000 in December after surging up by 15% to a revised rate of 689,000 in November. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
Changes in broker ratings were the main driver behind individual moves on the FTSE, as analysts mulled over recent company updates. 3M will also benefit from the changes to the USA tax system, and it now expects the effective rate to fall to 20%-22%, down from 26%-27%.
Finally, the coaching decisions made by Doug Pederson were spot on for his first time being at the helm during a playoff game. An anxious Saints fan holds his head as he looks watches the game at Walk On's Bistreaux and Bar on Sunday, Jan. 14, 2018.
Rick Scott, did not directly answer whether Scott would support work requirements or co-payments for the Medicaid program. The administration said 10 states have applied for waivers involving work requirements or community involvement.
Smart speakers and IoT, digital assistant-enabled devices - where Amazon has a two-year lead - are more important. From this week, Android Auto users in the USA will also get full support for the Google Assistant in their cars.
Woodard said women can stop what she called "this slide to the bottom" by voting in the mid-term elections. This year, she was in Portland, where she's lived since 1970. "There were many times I felt silenced".
In other words, the Vikings can be forgiven for losing that one given the devastating mid-game loss of their star running back. The Vikings have stayed on that course throughout the season as Keenum has proven to be more than a viable option.
City dominated proceedings when they met in the reverse fixture just after Christmas, with a staggering 78 percent possession. Sergio Aguero scored a ideal hat-trick for the Premier League leaders, while Jacob Murphy scored for Benitez's side.
For Sharapova , who is looking to rediscover her best on her way back from a 15-month drugs ban, it is back to the drawing board. A 6-2, 6-1, 6-4 loss to No. 97-ranked Tennys Sandgren in the second round was his earliest exit in a decade at Melbourne Park.
Monero, IOTA and Cardano were also impacted - since Monday, they have declined in price by 35%, 22% and 21%, respectively. If one could get ahead of the news cycle somehow, they might be able to make an accurate Ripple price forecast.
Make patients aware of the importance of antiviral medications to treat flu in people with severe illness and those at high risk. The Centers for Disease Control released numbers showing almost 75,000 laboratory confirmed cases of the flu this month alone.
The Cavs allowed a season worst on Saturday, falling 148-124 and tying a franchise record for most points allowed in regulation. His next chance is Tuesday when the Cavs visit San Antonio. "I'm sure everybody's handling it their own way", Dwyane Wade said.
For the first hour of the third session, it seemed little could go wrong for South Africa , even when de Villiers dragged one on. He kept flirting the ball on the fifth stump line occasionally, but the pitch behaved more generously towards the batsmen.
Federer into Australian Open quarter-final
But if it was playing on his mind, it didn't stop him running Berdych ragged with some of his best shot-making of the tournament. Second seed Federer beat Czech Tomas Berdych in straight sets, 7-6 (7-1), 6-3, 6-4, in the duo's 10th meeting at a grand slam.
NCAA looking into how Michigan State handled Nassar case
From there, the number of victims coming forward continued to grow, getting another jolt with the sentencing that began last week. Throughout much of the proceedings, the bespectacled Nassar sat with his head bowed, rarely making eye contact with his accusers.
Jags-Steelers, Vikings-Saints playoff ready
Running back Le'Veon Bell posted on Twitter about the pair of "round 2s" the Steelers will face in coming weeks. The New England Patriots will be playing The Jacksonville Jaguars over the weekend for The AFC Championship.
Tuesday Editorial: Don't ignore the dangers of the flu season
The main flu strain in the US this year, H3N2, is considered even more unsafe than the swine flu that sickened thousands in 2009. It's hard to know how San Diego's flu death numbers compare, on a per-capita basis, with the nation's or other major cities'.
Catholic leaders condemn Trump remarks about Haiti, Africa
DHS announced on January 8 that it will end protected immigration status for about 200,000 migrants from El Salvador. Later, a senior official for the US bishops conference released a statement highlighting the racial elements of Mr.