{"id":80571,"date":"2015-11-05T02:29:54","date_gmt":"2015-11-05T07:29:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=80571"},"modified":"2015-11-05T06:59:27","modified_gmt":"2015-11-05T11:59:27","slug":"eurusd-tumbles-as-yellen-remarks-boost-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurusd-tumbles-as-yellen-remarks-boost-dollar\/","title":{"rendered":"EUR\/USD tumbles as Yellen remarks boost dollar"},"content":{"rendered":"
November 5, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

The euro tumbled against the dollar on Wednesday after Federal Reserve Chair Janet Yellen said a December rate rise remains a \u201clive possibility\u201d.<\/p>\n

The single currency tumbled 1.1 per cent to $1.0845, its weakest level in three and a half months.<\/p>\n

While the prospects of the US Federal Reserve raising interest rates for the first time in nearly a decade sent the dollar higher against most major currencies on Wednesday, the euro is suffering more than most.<\/p>\n

Support for the euro has been fading fast following comments from European Central Bank president Mario Draghi last month that more monetary easing could be on the way.<\/p>\n

The euro has fallen 5.6 per cent against the pound since mid-October. Against the greenback it is down some 5.4 per cent.<\/p>

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The diverging monetary policies of the European Central Bank and the Federal Reserve are weighing on the euro. As a result, many analysts are expecting the euro to hit parity against the dollar over next 12 months.<\/p>\n

GBP\/USD was steady in Asian trading on Thursday in a tight 1.5378-96 range, with focus on the Bank of England meeting later in the day.<\/p>\n

USD\/JPY remained buoyant but fell back a bit from the 121.72 spike high of Wednesday when it rallied on Fed Chair Janet Yellen\u2019s remarks that raised the chances of a rate hike by the Federal Reserve in December. Also the greenback was lifted by upbeat jobs data released on Wednesday. A report from payroll processor ADP showed that the US private sector created 182,000 jobs last month. Economists expected to show an increase of 180,000 jobs.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The euro tumbled against the dollar on Wednesday after Federal Reserve Chair Janet Yellen said a December rate rise remains a \u201clive possibility\u201d. The single currency tumbled 1.1 per cent to $1.0845, its weakest level in three and a half months. While the prospects of the US Federal Reserve raising interest rates […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-80571","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=80571"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80571\/revisions"}],"predecessor-version":[{"id":80592,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80571\/revisions\/80592"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}