European Session – Euro rises to $1.06; dollar weak ahead of Trump budget speech
Posted on February 27, 2017 at 4:00 pm GMTThe euro strengthened against the dollar on news of more favorable opinion polls for independent French presidential candidate Emmanuel Macron. The US dollar lagged against most major counterparts despite upbeat durable goods orders data, as investors await US President Donald Trump’s address to Congress on Tuesday when he is expected to reveal details of his spending plans and tax cuts. Trump’s speech may disappoint the markets if he does not give more specifics in terms of numbers or a more [..]