Forex Market Review (Asian Session) – Fed's inflation concern weakens dollar; aussie, kiwi at two-year high

Forex Market Review (Asian Session) – Fed's inflation concern weakens dollar; aussie, kiwi at two-year high

Forex Market Review (Asian Session) – Fed’s inflation concern weakens dollar; aussie, kiwi at two-year high

Posted on July 27, 2017 at 7:47 am GMT

Maja Rakic, XM Investment Research Desk


It was a relatively quiet data day in forex markets prompting traders to dwell over yesterday’s events, namely the Federal Open Market Committee (FOMC) meeting. As a result of the Federal Reserve’s dovish tone, the weakness in the US dollar unfolded, with the dollar index hitting a fresh 13-month low. The Australian and New Zealand dollars jumped to two-year highs as traders sold off the greenback.

Cramer finds "old dog" stocks teaching the market new tricks

Cramer finds "old dog" stocks teaching the market new tricks







"Old dog" stocks teach the market new tricks from CNBC.



Cramer finds 'old dog' stocks teaching the market new tricks

"Mad Money" host Jim Cramer points to five stocks making comebacks after being shunned by Wall Street.

From AT&T to McDonald's, these five prove that any old dog can learn new tricks, Cramer says.

Even after delivering upside surprises, all five stocks seem to have more room to run, Cramer adds.

Elizabeth Gurdus | @elizabethgurdus

14 Hours Ago

CNBC.com

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  "Old dog" stocks teach the market new tricks

14 Hours Ago | 00:54

Five recent upside surprises from formerly struggling stocks made Jim Cramer more open to the idea that maybe old dogs can, indeed, learn new tricks.



"Every day in this market it seems like some old-line company surprises us with good news, causing investors to buy their stocks hand over fist. The resuscitation of these falling stars is what's behind a lot of the strength here," the "Mad Money" host said.

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