Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis.
August 04th, 2015 at 12:48
Sterling is a little lower against the euro today, following lower construction data. However, the pound is quickly overcoming some of its losses and the overall strengthening trend for the currency doesn’t appear to be very diminished.
July 30th, 2015 at 16:56
The euro was in rout today after a report that the International Monetary Fund will not participate in the third round of the bailout for Greece. Prospects for monetary tightening in the United States put additional pressure on the euro, as well as on other currencies.
July 29th, 2015 at 13:26
UK pound is heading higher today, thanks in part to expectations that a rate increase from the Bank of England could be coming by the end of 2015 or around the beginning of 2016. With growth accelerating in the United Kingdom, expectations for the pound are growing.
July 28th, 2015 at 14:53
Once again, Greece is weighing on the euro. German advisers are talking about creating an insolvency process that would allow for a country’s exit from the 19-nation currency region if that country is threatening the eurozone. The news is contributing to the euro’s struggles today.
July 27th, 2015 at 17:42
The Great Britain pound was somewhat vulnerable today, losing to the euro and falling versus the Japanese yen a bit. At the same time, the sterling managed to rally against the US dollar that has been in retreat during the Monday’s trading session.
July 23rd, 2015 at 13:35
The passage of another round of economic reforms by the Greek parliament is helping the euro today. While some are still concerned about the euro in the long-term, for now the 19-nation currency appears to be shoring up.
July 20th, 2015 at 16:56
The Great Britain pound is struggling against other major currencies today. While the outlook for the Bank of England’s monetary policy remains very supportive for the currency, it looks like the last week’s rally is losing steam.
July 20th, 2015 at 13:54
Last week was rough for the euro, thanks to the continued drama over Greece, and concerns about what’s next for the euro. This week, the 19-nation currency seems to be ready to start off on better footing and is eking out gains. However, some of those gains may be due mainly to profit taking as Forex traders look to benefit from recent runups by other currencies.
July 16th, 2015 at 9:45
The euro slipped today, extending yesterday’s losses even though the Greek parliament voted in favor of austerity measures required to get the next tranche of a bailout from the European Union.