The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro.
August 04th, 2014 at 14:29
Euro is down pretty much across the board today, thanks in large part to the fact that many expect that the ECB will not be releasing any sort of euro-supportive message after its meeting later this week. Also weighing on the euro is the latest banking scandal in Portugal.
August 04th, 2014 at 14:04
Canadian dollar is mostly unchanged today, making no major moves higher or lower against its major counterparts. After last month, it appears that there is some consolidation in the currency market as Forex traders consider their options and think about the most recent data.
August 03rd, 2014 at 1:07
This week was rather volatile and unpredictable for the US dollar. While it started favorably for the greenback, the currency’s rally came to halt by the end of the week due to some disappointing economic releases, most importantly worse-than-expected economic data.
August 01st, 2014 at 19:26
The Czech koruna rose against the euro today after falling yesterday as the nation’s central bank kept interest rates near zero and left the cap on the currency intact during its policy meeting. The koruna rose together with other most-traded currencies against the dollar.
August 01st, 2014 at 17:33
The euro rallied against the US dollar with help of disappointing US non-farm payrolls. The currency also gained on the pound as data from Great Britain was not good either. Against the Japanese yen, the euro rallied intraday but gave away gains as of now.
August 01st, 2014 at 14:10
Sterling is heading lower today, dropping as the latest manufacturing growth data disappoints. The UK economy continues to struggle, and it doesn’t help much that the Bank of England has predicted slowing growth in the economy. Indeed, compared to some of its major counterparts, the slowdown is disappointing, and contributing to losses for the pound.
August 01st, 2014 at 13:46
The US dollar index has slipped a bit today, losing ground after the recent US dollar rally. Right now, there is a little bit of consolidation happening, and the dollar index is lower. However, when looking at the latest data, there is a good chance that the greenback could strengthen again in the near future.
August 01st, 2014 at 12:32
The Chinese yuan fell against the US dollar today even though both official and private estimates of nation’s manufacturing were rather good, showing than the sector was expanding with accelerating pace last month.
August 01st, 2014 at 10:58
The Australian dollar slipped against its US counterpart as the majority of today’s reports from Australia was bad. The currency also pared gains against the Japanese yen but is currently attempting to rebound.