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a topic posted chetanepic in News & AnalysisThe dollar hit five-week lows against its peers on Friday, in the wake of the Federal Reserve's cautious message this week on the outlook for interest rate hikes and on concerns over a protectionist slant to a G20 meeting this weekend. The dollar index .DXY , which gauges the greenback against a basket of six major rivals, fell 0.2 percent to 100.29 after touching 100.16, its lowest level since Feb. 9. For more realtime market information and best Commodity Tips join Epic Research.
a topic posted chetanepic in Brokers News & DiscussionsThe pound turned lower against the U.S. dollar on Friday, after the release of weak U.K. retail sales data, although the greenback’s gains were expected to remain limited ahead of Donald Trump’s inauguration ceremony later in the day. GBP/USD hit 1.2290 during European morning trade, the session low; the pair subsequently consolidated at 1.2296, shedding 0.40%. Sterling was also lower against the euro, with EUR/GBP rising 0.27% to 0.8664. For more real-time forex market updates and best forex signals and Commodity Tips contact Epic Research.
The pan-European Stoxx 600 was down 0.02 percent at the start of the session with several stocks in red. Health care stocks were outperforming the other sectors, going up by 0.7 percent. According to Bloomberg, the U.S. company Johnson & Johnson is considering a potential takeover of the Swiss biotech firm Actelion. U.S. markets will re-open Friday but only for half day, continuing to limit the available amount of liquidity For more real-time market updates and free stock tips, commodity tips and Forex Tips contact Epic Research.