Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it.
February 25th, 2014 at 14:24
The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed.
February 24th, 2014 at 15:51
Canadian dollar is heading higher against its major counterparts today, following the latest inflation report. Even though there are some concerns about the most recent retail sales data, and it doesn’t appear that rates will rise anytime soon, the latest data indicates that things are likely to remain steady, and the loonie is gaining as a result.
February 21st, 2014 at 15:36
Greenback is losing ground to enough currencies today that the US dollar index is heading lower. Helping the dollar move lower are gold prices, which are heading higher right now. The prospect of a commodity rally is weighing on the greenback a bit, since it often moves inversely to metals and oil.
February 21st, 2014 at 15:18
Macroeconomic data from Canada was mixed today as the inflation report surprised positively, but retail sales data frustrated traders. As a result, the Canadian dollar fell versus its US peer and the euro, but rose a little against the Japanese yen.
February 20th, 2014 at 14:07
Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.
February 20th, 2014 at 14:03
Both domestic and overseas fundamentals were negative for the New Zealand dollar, and the currency dropped against the Japanese yen at the first half of today’s trading session. Yet despite the detrimental factors the kiwi managed to rebound against the yen, erasing losses, and to rise a bit versus the US dollar.
February 20th, 2014 at 2:12
The US dollar jumped against the euro after the Federal Reserve released its monetary policy minutes yesterday, but was flat versus the Great Britain pound and the Japanese yen. Today, the greenback continued to trade sideways against the sterling, but fell a little versus the euro and slumped against the yen.
February 19th, 2014 at 13:13
The Australian dollar traded mostly flat today as economic indicators were confusing, creating no clear picture of Australia’s economic health. The currency started the trading session with a sharp drop, but managed to rebound against the US dollar and the euro later.
February 19th, 2014 at 2:07
The US dollar continued to show strength versus the Great Britain pound and the Japanese yen, but was very weak against the euro as yet another bunch of worse-than-expected data from the United States hurt the appeal of the currency for investors who seek safety.