Euro is gaining ground against theÂ UK pound, but losing ground against theÂ US dollar andÂ theÂ Japanese yen. TheÂ 18-nation currency continues toÂ struggle asÂ risk appetite fades from theÂ Forex market, andÂ asÂ expected policy divergence between theÂ United States andÂ theÂ eurozone widens. (...)Read the rest of Euro Trades Down Against US Dollar, Japanese Yen (114 words) Posted on Forex News.
Euro is getting a little help today in Forex trading, thanks to the latest round of stress test results from banks. Things seem to be improving for banks, and that means that there are fewer fears regarding the eurozone. There is still a ways to go for the eurozone recovery, and for the 18-nation currency, but things are looking a little bit better. (...)Read the rest of Euro Gets a Little Help From Stress Test Results (118 words) Posted on Forex News.
This week was mixed forÂ theÂ US dollar which rose against some major currencies, like theÂ euro andÂ theÂ Japanese yen, but fell against commodity-linked currencies, including theÂ Australian andÂ theÂ Canadian dollars.(...)Read the rest of Dollar Ends Week Mixed (116 words) Posted on Forex News.
TheÂ Great Britain pound ended Friday with gains thanks toÂ GDP report that was inÂ line with analystsâ€™ expectations andÂ poor economic data from theÂ United States. TheÂ currency still ended theÂ week with losses versus theÂ euro.(...)Read the rest of Pound Ends Friday with Gains (93 words) Posted on Forex News.
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.