Forex Today: long wait comes to an end
|Here is what you need to know on Thursday, September 12th:
- The EUR/USD pair pierced the 1.1000 level and settled around it, weaker ahead of a largely anticipated ECB announcement. There was no apparent catalyst for EUR’s decline, although the Kiel Institute for the World Economy downgraded its forecast for German economic growth in Q3.
- The Scottish High Court ruled that PM Boris Johnson´s decision to suspend the Parliament is unlawful, as"it had the purpose of stymying Parliament." PM Johnson said that there’s “no way” Theresa May's Withdrawal Agreement will be brought back.
- The Hong Kong stocks exchange (HKEX) made a $36.6 billion offer for London stock exchange, which led to substantial gains in equities worldwide.
- US Treasury yields surged to their highest in a month, with the benchmark yield on the 10-year note hitting 1.75%.
- Crude oil prices edged sharply lower after US President Trump discussed easing sanctions on Iran with an aim to secure a meeting with Iranian President Rouhani. The news overshadowed an encouraging EIA weekly stockpiles report, which showed that inventories decreased by6.912M in the week ended September 6. *
- Bitcoin seesawed within gains and losses, ended the day around 10,000.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.