Initially, it looked like this trading week would be another week ofÂ consolidation forÂ theÂ euro. Yet theÂ shared 18-nation currency lost its ground byÂ theÂ weekend due toÂ combined influence ofÂ poor economic indicators andÂ comments from European policy makers.(...)Read the rest of Euro Loses Ground by Weekend (117 words) Posted on Forex News.
TheÂ Canadian dollar rose today, touching theÂ highest level inÂ aÂ month against its US counterpart, asÂ Canadaâ€™s inflation exceeded expectations. TheÂ currency also rallied toÂ theÂ strongest level inÂ aÂ year versus theÂ euro andÂ reached aÂ new multi-year high against theÂ Japanese yen.(...)Read the rest of Canadian Inflation Pushes Loonie to New Highs (145 words) Posted on Forex News.
TheÂ Swiss franc sank today asÂ Governing Board Member Fritz Zurbruegg said that theÂ Swiss National Bank will take any steps required toÂ keep theÂ ceiling onÂ theÂ currency inÂ place. TheÂ Swissie declined together with euro.(...)Read the rest of Swiss Franc Joins Euro in Decline (88 words) Posted on Forex News.
Euro is heading much lower today, plunging following theÂ latest comments byÂ ECB President Mario Draghi. His insistence that theÂ ECB will do whatever it takes toÂ stimulate theÂ eurozone economy is driving theÂ 18-nation currency lower today. (...)Read the rest of Euro Plunges Following Draghiâ€™s Comments (137 words) Posted on Forex News.
TheÂ Great Britain pound was little changed atÂ theÂ start ofÂ theÂ current trading session, edging aÂ little lower against theÂ euro andÂ theÂ Japanese yen. TheÂ currency rallied yesterday due toÂ better-than-expected retail sales.(...)Read the rest of Pound Trades Mixed to Lower Following Rally (97 words) Posted on Forex News.
TheÂ latest PMI data out ofÂ theÂ eurozone is weighing onÂ theÂ euro today. AÂ reading that moved unexpectedly lower is weighing onÂ theÂ 18-nation currency asÂ Forex traders contemplate continued slowed growth, even with theÂ ECBâ€™s efforts toÂ boost theÂ economy. (...)Read the rest of Eurozone PMI Data Sends Euro Lower (134 words) Posted on Forex News.
TheÂ Great Britain pound fell today against other majors, including theÂ US dollar andÂ theÂ euro. TheÂ currency also failed toÂ rise against theÂ Japanese yen, retreating toÂ theÂ opening level after theÂ earlier rally.(...)Read the rest of Pound Remains Extremely Bearish (103 words) Posted on Forex News.
TheÂ euro ended yesterdayâ€™s trading session with solid gains andÂ is trading sideways during theÂ current session, unsure where toÂ go now. TheÂ currency was rising onÂ theÂ back ofÂ theÂ surprisingly good European economic sentiment.(...)Read the rest of Euro Gains with Help of Positive Economic Sentiment (115 words) Posted on Forex News.
TheÂ euro is attempting toÂ recover atÂ theÂ start ofÂ todayâ€™s trading session after sinking yesterday. TheÂ currency was soft during theÂ previous session asÂ comments from European policy makers pictured aÂ pessimistic outlook forÂ Europeâ€™s economy.(...)Read the rest of Euro Attempts to Recover During Early Trading (110 words) Posted on Forex News.
TheÂ Great Britain pound fell against theÂ US dollar during theÂ current trading session asÂ todayâ€™s data showed decline ofÂ UK house prices. TheÂ general risk-off market sentiment was not helping theÂ currency toÂ hold ground against theÂ greenback though it allowed theÂ sterling toÂ outperform theÂ euro.(...)Read the rest of Pound Drops vs. Dollar, Gains on Euro (61 words) Posted on Forex News.