EUR/USD is showing little activity on Friday, as the pair continues to trade in the mid-1.26 range. The listless euro didnâ€™t show any reaction as German Consumer Climate improved to 8.4 points. In the US, todayâ€™s sole release is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand. The week wrapped up on a high note in Germany, as GfK Consumer Climate rose to 8.4 points, up from 8.3 a month earlier. This easily beat...
TheÂ US dollar jumped against theÂ Japanese yen today onÂ theÂ back ofÂ positive economic reports from theÂ United States. TheÂ currency also rose against theÂ Great Britain pound andÂ erased earlier losses versus theÂ euro.(...)Read the rest of Dollar Jumps vs. US with Help of Positive US Data (106 words) Posted on Forex News.
US dollar index is lower, even though theÂ greenback is trading mixed today. TheÂ weighting ofÂ theÂ euro inÂ theÂ dollar indexâ€™s basket ofÂ currencies means that theÂ gains byÂ theÂ euro are weighing onÂ theÂ dollar index today. Even though theÂ dollar is lower against theÂ euro, it is still gaining ground against theÂ UK pound andÂ theÂ Japanese yen. (...)Read the rest of Dollar Index Heads Lower After Bouncing Earlier...
TheÂ latest manufacturing data is inÂ forÂ theÂ eurozone, andÂ itâ€™s more positive than expected. AsÂ aÂ result, theÂ euro is gaining ground against many ofÂ its counterparts. This might theÂ news that theÂ 18-nation currency region has been waiting for, since it signals that maybe another recession isnâ€™t inevitable after all. (...)Read the rest of Euro Gains on Manufacturing Data (129 words) Posted on Forex News.
TheÂ Swiss franc fell along with theÂ euro against theÂ US dollar today asÂ Swiss policy makers continue toÂ talk about excessive strength ofÂ theÂ currency andÂ need toÂ keep theÂ ceiling onÂ theÂ franc. TheÂ Swissie managed toÂ rise against theÂ euro itself.(...)Read the rest of Swiss Policy Makers Still Think Franc is Overvalued (84 words) Posted on Forex News.
Yesterday, theÂ ECB announced that it is buying covered bonds asÂ part ofÂ aÂ plan toÂ try toÂ keep theÂ eurozone economy from sliding back into recession. This announcement is weakening theÂ euro, andÂ theÂ 18-nation currency is down against its major counterparts. (...)Read the rest of Euro Drops as ECB Buys Covered Bonds (124 words) Posted on Forex News.
TheÂ Australian dollar advanced against its US counterpart forÂ theÂ third straight session today andÂ rose against other most-traded currencies asÂ well with theÂ help ofÂ positive economic data from China. TheÂ Aussie was unable toÂ maintain its rally versus theÂ Japanese yen but kept rising against theÂ greenback andÂ theÂ euro.(...)Read the rest of Chinaâ€™s Data Makes Aussie Stronger (114 words) Posted on Forex News.
TheÂ Canadian dollar started theÂ week with losses against some ofÂ its major peers, including theÂ euro andÂ theÂ Japanese yen, andÂ continued toÂ fall today. Mondayâ€™s economic data was positive, but it did not help theÂ currency.(...)Read the rest of CAD Turns Down, Positive Data Doesnâ€™t Help (121 words) Posted on Forex News.
Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is aÂ lot ofÂ concern about theÂ euro right now, andÂ theÂ 18-nation currency is only getting aÂ bit ofÂ aÂ boost asÂ risk appetite makes anÂ appearance. (...)Read the rest of Euro Trades Mixed on the FX Market (129 words) Posted on Forex News.
Euro is falling back now, falling aÂ rally that took place yesterday andÂ inÂ earlier trading. Euro surged higher, especially against theÂ US dollar andÂ the Japanese yen, earlier, but now things are changing. Concerns about risk are back onÂ theÂ table, andÂ lower commodity prices are having their impact. (...)Read the rest of Euro Falls Back After Rally (132 words) Posted on Forex News.