24 Mar 2015
Greenback gathering up demand - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the trading conditions surrounding the greenback in today's US session.
Key Quotes:
"The dollar stood as the overall winner this Tuesday, after multiple data was released in both shores of the Atlantic. During the European morning the Euro area released the Markit PMI indexes of the region for March, resulting in a modest growth in French manufacturing and services sectors, and a more sustainable one in Germany and the EZ, this last posting the fastest grow rate in almost four years."
"On the other hand, in the US inflation figures for February resulted up beating, particularly with the year-on-year reading that excludes food and energy, which rose more than forecast, reflecting broad-based gains that helped keep a floor under inflation."
"Also, New Home Sales rose in February, reaching a seven-year high, climbing at an annual pace of 7.8%."
Key Quotes:
"The dollar stood as the overall winner this Tuesday, after multiple data was released in both shores of the Atlantic. During the European morning the Euro area released the Markit PMI indexes of the region for March, resulting in a modest growth in French manufacturing and services sectors, and a more sustainable one in Germany and the EZ, this last posting the fastest grow rate in almost four years."
"On the other hand, in the US inflation figures for February resulted up beating, particularly with the year-on-year reading that excludes food and energy, which rose more than forecast, reflecting broad-based gains that helped keep a floor under inflation."
"Also, New Home Sales rose in February, reaching a seven-year high, climbing at an annual pace of 7.8%."