Home / dollar / 2017-03-26 : Euro to US Dollar in Coming Week; Edging Out of Range quoting : “Seeking Alpha”

2017-03-26 : Euro to US Dollar in Coming Week; Edging Out of Range quoting : “Seeking Alpha”

referring to Higher interest rates are generally beneficial for a currency as they attract more foreign investment seeking higher returns.
Higher interest rates are supportive of a currency as they attract more inflows of foreign capital seeking yield.
A reduction of monetary stimulus would be positive for the Euro as it would result in higher interest rates which tend to attract more foreign capital.
TD Securities expect Headline PCE to rise above 2.0%, signalling steeper rises in inflation and more gains, potentially, for the Dollar.
If Core Inflation rises by more than expected the Euro will probably appreciate because it will increase the chances of the ECB normalising monetary policy and increasing interest rates.

Speculators Build Long Euro And Aussie Positions But Slash Canadian Dollar Longs

according to The gross long position rose by 11.8k contracts to 85.4k, while the gross short position rose by 10.2k contracts to 40.4k.
The net short position was reduced to 9.7k contracts from 41.0k contracts, which is the smallest since mid-2014.
Modest position adjustments in Mexican peso saw the net short position slim to 3.3k contracts, the smallest since November 2015.
The bulls liquidated 28k contracts, leaving 659k contracts gross long.
In contrast to the Australian dollar where speculators added to both long and short positions, in sterling, both longs and shorts were trimmed (9.9k contracts and 9.1k contracts, respectively).

read more
visit us

dollars

collected by :Irax John

About finance market

Avatar for finance market

Check Also

Tampa Bay said : Ex USF player Chad Dollar returns as Bulls assistant basketball coach  :  2017 03 30 picture-11788-310x165

“Tampa Bay” said : Ex-USF player Chad Dollar returns as Bulls assistant basketball coach : 2017-03-30

collected by :Irax John as mentioned in A veteran Division I assistant who spent last …