The American dollar went down in Friday`s session, after previously reaching the highest level in 14 years

The American dollar went down in Friday`s session, after previously reaching the highest level in 14 years

By: Oliver Miller | Where To Trade | On:Friday, 16 December 2016
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   The American dollar went down in Friday's session, after previously reaching the highest level in 14 years. On Friday, the Greenback slipped against other currencies, after Federal Reserve's decision to raise interests three times in 2017. 
EUR/USD pair went up to 1.0444, by 0.29%, rising from its previous session where Euro reached its 14-year lows, at 1.0363.

 After Federal Reserve meeting on Wednesday, the American Dollar found its way up, reaching the highest level and setting a new high record score for the last 14 years.
Consumer price index for November rose by 0.2%, just as expected. Consumer prices rose by 1.7% in 2016 compared to 2015.

  More than that, there were mind-blowing results for Philly Fed manufacturing index, that climbed 21.5 in December. Philly Fed manufacturing index scored 7.6 in November, so results are astonishing. The document registered its two-years highest level.
Financial markets were keeping an eye on the Bank of England too, that decided to keep a record low for its interests rates, 0.25%. This made the British Pound to gain some ground, and the GBP/USD pair traded at 1.2433, rising by 0.15%.

 The U.S. dollar index traded down by 0.27%, at 102.97, but kept close to its previous record at 103.56.

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Oliver Miller

Oliver Miller

"Patience is the key for success"

Oliver Miller is one of the best financial analyst with 18 years of online trading experience

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