With debt issues of Greece and quantitative easing from the European Central Bank, the euro had plenty of reasons to drop and it did so against the US dollar. Surprisingly enough, the currency moved sideways against the Great Britain pound and even gained on the Japanese yen.
The US dollar has been in a corrective mode lately but was attempting to renew its rally for the last several trading sessions. Is this a sign of resumption of a bullish trend or just a noise on the market?
March 30th, 2015 at 12:37
Japan’s industrial production declined last month, resulting in a drop of the Japanese yen during the current trading session. The yen fell against the US dollar and even against the euro, though it fared better versus other currencies.
March 30th, 2015 at 12:03
Commodity currencies were on the back foot today as the US dollar continued to fight for dominance on the Forex market. The Australian currency was among losers falling for the fourth straight trading session against its US peer and the Japanese yen.
March 28th, 2015 at 15:08
The US dollar was in the corrective mode lately following the earlier impressive rally. Still, the currency was trying to fight back over the past trading week with some success as its losses against the euro and the Japanese yen were not as big as during the preceding week. In fact by the weekend, the greenback managed to log small gains against many currencies, including the Great Britain pound.
March 27th, 2015 at 22:59
The euro ended Friday virtually flat against the US dollar and the Japanese yen while against the Great Britain pound the currency closed below the opening level but trimmed most of the daily loss.
March 27th, 2015 at 19:35
The US dollar fell today following disappointing macroeconomic reports from the United States. The losses were very limited but the greenback was still set to be one of the weakest currencies on the Forex market over the past week.
March 27th, 2015 at 11:26
Australian dollar is mostly lower today, falling against its major counterparts, as risk appetite flees and gold prices drop. Aussie isn’t expected to improve much in the coming weeks, either. There is a lot weighing on the Aussie right now.
March 26th, 2015 at 19:28
The euro sank today, losing most of its weekly gains versus the US dollar and erasing the weekly rally against the Japanese yen completely. The currency fell even though macroeconomic news from Germany was positive.
March 26th, 2015 at 18:52
The US dollar is attempting to stage a recovery during the Thursday’s trading session. For a change, news from the United States was positive, allowing the currency to regain some of its strength.