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Market News

US stocks fall sharply, helping US Dollar. GBP and EUR both lower on weaker economic data

February 22, 2018

Ahead of yesterday evening’s FOMC Minutes, the most commonly watched US equity index – the Dow Jones Industrial Average – was trading up around 150 points. When fears of a more aggressive path for US rate rises were not confirmed by the Minutes, the index added another 100 points to a high of 25,250. By the close of business in New York, however, the market had fallen over 400 points to close down -166 and earlier this morning it shed another 100 points from that level. The US Dollar continues to trade pretty much ...

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Today's expected ranges:

USD / CAD
1.2630 – 1.2750 ▲
EUR / USD
1.2215 – 1.2360 ▼
GBP / USD
1.3835 – 1.3950 ▼

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