EUR/USD is flat on Friday, as the pair trades in the high-1.22 range in the European session. The euro remains under pressure and has lost over 200 points since the start of trading on Wednesday. On the release front, the forecast for German Consumer Climate stands at 9.0 points, very close to the forecast of 8.9 points. German PPI improved to 0.0%, but Eurozone Current Account slipped to EUR 20.5 billion. There are no US releases on Friday, so we could see EUR/USD remain listless as we...
TheÂ euro dipped onÂ Friday, falling toÂ aÂ new multi-year low versus theÂ US dollar, even though economic data from Germany was fairly positive. AsÂ theÂ majority ofÂ most-traded currencies, theÂ euro gained onÂ theÂ yen after theÂ Bank ofÂ Japan maintained its exceptional monetary stimulus.(...)Read the rest of Euro Falls Despite Positive Data from Germany (123 words) Posted on Forex News.
TheÂ Canadian dollar fell today asÂ Canadaâ€™s consumer prices declined more than was expected. Still, theÂ currency was able toÂ outperform theÂ euro andÂ theÂ Japanese yen.(...)Read the rest of Canadian Dollar Drops as CPI Declines, Still Stronger than Yen (115 words) Posted on Forex News.
EUR/USD is steady on Thursday, following the euroâ€™s sharp losses following the Federal Reserve statement on Wednesday. In the European session, the pair is trading slightly above the 1.23 line. On the release front, German Ifo Business Climate rose to 105.5 points. Later in the day, the US will release Unemployment Claims and the Philly Fed Manufacturing Index. The shaky euro took another tumble on Wednesday, courtesy of the Federal Reserve. Previous Fed policy...
There are expectations ofÂ more easing early inÂ theÂ coming year, andÂ that is sending theÂ euro lower today. Expectations that theÂ ECB will have toÂ take more steps toÂ support theÂ eurozone economy are being priced into theÂ market right now. (...)Read the rest of Euro Continues to Drop on Expectations of More Easing (120 words) Posted on Forex News.
TheÂ Great Britain pound dropped against theÂ US dollar today but rose versus theÂ euro andÂ theÂ Japanese yen. TheÂ minutes ofÂ theÂ latest central bankâ€™s policy meeting revealed that some policy makers want toÂ raise interest rates. UK employment data was good, supporting theÂ currency.(...)Read the rest of GBP Gains vs. EUR & JPY After BoE Minutes & Employment Data (117 words) Posted on Forex News.
Earlier, theÂ euro saw some gains against its major counterparts. Right now, though, theÂ euro is resuming its downward trend, losing ground toÂ most ofÂ its major counterparts. Concern about theÂ euro, andÂ policy divergence, are weighing onÂ theÂ 18-nation currency. (...)Read the rest of Euroâ€™s Performance Resumes Downward Trend (128 words) Posted on Forex News.
Euro is mostly lower against its major counterparts today, thanks toÂ expectations ofÂ future weakness, along with another drop inÂ gold prices. One ofÂ theÂ biggest reasons that euro weakness is becoming anÂ issue again is theÂ fact that there are rumblings inÂ Greece. And, ofÂ course, it doesnâ€™t help that risk appetite is once again becoming anÂ issue. (...)Read the rest of Euro Mostly Lower Against Major Counterparts on Greece (125 words) Posted...
TheÂ Australian dollar went down after theÂ initial spike today. TheÂ currency rallied after theÂ surprisingly good employment report but was unable toÂ sustain gains. TheÂ Aussie traded below theÂ opening level against theÂ US dollar andÂ theÂ euro but hangs above theÂ opening versus theÂ Japanese yen.(...)Read the rest of Australian Dollar Retreats After Rally (84 words) Posted on Forex News.
Itâ€™s been aÂ bit ofÂ aÂ rough go forÂ theÂ UK pound recently, but theÂ sterling is currently gaining some ground onÂ theÂ Forex market. While trading mixed today, sterling is aÂ little higher against theÂ euro andÂ theÂ US dollar. (...)Read the rest of UK Pound Gains Some Ground (125 words) Posted on Forex News.