The euro advanced today against the US dollar and the Japanese yen after data showed that German consumer inflation accelerated this month. The currency was unable to beat the strong performance of the Great Britain pound.
November 27th, 2013 at 16:59
Earlier, the euro rallied in relief as Germany announced an agreement to form a governing coalition. Concerns about Germany had weighed on the 17-nation currency, but a rally took over. Now, though, that rally is fading and the euro is heading down against some of its major counterparts.
November 27th, 2013 at 3:49
The Great Britain pound rose against the US dollar and the Japanese yen even as the central bank Governor signaled that an interest rate hike will likely not happen very soon. The currency fell versus the euro.
November 26th, 2013 at 14:43
Euro is heading higher today, logging gains against its major counterparts. Forex traders are waiting for speeches from ECB Executive Board members, and there is also anticipation for inflation numbers set to be released on Friday. Clues about where the euro could be headed next are likely coming.
November 25th, 2013 at 16:40
The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that is weighing on the pound a bit. Additionally, there might be some correction in the works, since the pound has performed quite well over the past six months.
November 25th, 2013 at 15:29
Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied. Euro is losing ground as comments from an ECB board member indicates that another rate cut could be on the way.
November 23rd, 2013 at 3:14
The euro rose on the last trading session of the week as German business climate improved and the German economy grew, leading to hopes about economic recovery in the rest of the eurozone.
November 22nd, 2013 at 15:27
UK pound is making progress against many of its major counterparts, thanks in part to the economic data coming out of that country, and with the help of the release of the minutes from the last Federal Reserve meeting.
November 21st, 2013 at 22:54
The euro jumped against the US dollar and the Japanese yen today on signs that the head of the European Central Bank does not consider implementing negative interest rate yet. The currency sank versus the Great Britain pound.
November 21st, 2013 at 5:41
The Great Britain pound rose against the Japanese yen and fell against the US dollar today after yesterday’s Bank of England monetary policy minutes. The currency also maintained its rally versus the euro.