TheÂ Great Britain pound fell today despite better-than-expected macroeconomic data from theÂ United Kingdom. Still, theÂ currency was heading toÂ aÂ weekly gain against theÂ euro andÂ theÂ Japanese yen, though it likely toÂ end theÂ week with losses against theÂ US dollar.(...)Read the rest of Pound Heads to Weekly Gains Despite Fridayâ€™s Drop (68 words) Posted on Forex News.
TheÂ euro demonstrated no particular bias against theÂ US dollar andÂ theÂ Japanese yen asÂ traders focused onÂ theÂ European Union summit inÂ Latvia. TheÂ shared 19-nation currency demonstrated sizable losses against theÂ Great Britain pound.(...)Read the rest of Euro Shows No Bias as EU Summit in Riga Concludes (189 words) Posted on Forex News.
TheÂ US dollar declined today asÂ disappointing macroeconomic reports from theÂ United States andÂ theÂ dovish stance ofÂ theÂ Federal Reserve discouraged traders from buying theÂ currency. TheÂ greenback was slowly regaining its footing against theÂ euro but remained soft against other majors.(...)Read the rest of Poor Data & Fedâ€™s Minutes Discourage Traders from Buying USD (152 words) Posted on Forex News.
TheÂ Australian dollar was rather soft during theÂ Wednesdayâ€™s trading session despite positive news from Australia. TheÂ currency attempted toÂ rally against theÂ euro but pared most ofÂ its gains asÂ ofÂ now.(...)Read the rest of Westpacâ€™s Report Doesnâ€™t Support Australian Dollar (97 words) Posted on Forex News.
TheÂ Bank ofÂ England released minutes ofÂ its May policy meeting during theÂ current trading session. While theÂ Great Britain pound has been flat against theÂ US dollar after theÂ release, theÂ currency gained onÂ its other major rivals, including theÂ euro andÂ theÂ Japanese yen.(...)Read the rest of Pound Higher After BoE Minutes (75 words) Posted on Forex News.
European futures are pointing to a higher start on Tuesday although given the choppiness in the markets recently, that could soon change depending on the kind of bond market moves we see after the open along with any developments in Greece. We were expecting a similarly positive start to trading on Monday but further selling in bond markets soon hit equities again. Bonds did pare losses late in the session which, along with the weaker euro, allowed equities to catch some late bids and even...
TheÂ euro dropped today against its major rivals due toÂ aÂ report that theÂ European Central Bank will expand its bond purchases. Poor economic data from Germany also drove theÂ shared 19-nation currency down.(...)Read the rest of Euro Goes Lower on ECB Bond Purchases & German Business Sentiment (89 words) Posted on Forex News.
US housing data released today impressed analysts, beating even optimistic forecasts. It allowed theÂ US dollar toÂ gain forÂ theÂ second straight session against theÂ euro andÂ forÂ theÂ third session versus theÂ Great Britain pound andÂ theÂ Japanese yen.(...)Read the rest of US Housing Data Fuels Upside Momentum of Greenback (119 words) Posted on Forex News.
TheÂ Australian dollar fell against its US counterpart today after theÂ Reserve Bank ofÂ Australia released minutes ofÂ its May policy meeting, during witch theÂ central bank has cut interest rates. Yet theÂ drop was not big, andÂ theÂ Aussie actually managed toÂ gain onÂ theÂ euro.(...)Read the rest of RBA Minutes Have Limited Impact on Australian Dollar (257 words) Posted on Forex News.
Euro is slipping today, losing ground after aÂ rally earlier inÂ theÂ session. This happened toward theÂ end ofÂ last week asÂ well. After aÂ strong run, theÂ 19-nation currency is starting toÂ show signs ofÂ weakness. (...)Read the rest of Euro Slips Below 1.1400 Against US Dollar (131 words) Posted on Forex News.