A higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable.
February 22nd, 2014 at 17:24
This week was not particularly good for the Great Britain pound. The currency was flat versus the Japanese yen, which itself was very weak, and fell against other major currencies, including the US dollar and the euro.
February 20th, 2014 at 15:18
Euro is mostly lower today, losing ground as the latest PMI data weighs on the 18-nation currency, and as risk aversion sets in. Concerns about China’s recently released — and disappointing — data are weighing on sentiment, and it’s not helping that gold is pulling back as well. Add to the worries about the eurozone in general, and it’s no surprise the euro is struggling.
February 19th, 2014 at 14:12
Euro is losing ground today in currency trading, thanks in large part to a report from the Organization for Economic Cooperation and Development. This report indicates that the eurozone’s economic growth is lagging behind the United States and United Kingdom. The worry of deflation is also weighing on the euro.
February 18th, 2014 at 14:44
UK pound is struggling today on the currency market. Even though the pound is higher against some of its low beta counterparts, the gains are relatively small, and they have come only after earlier losses. Inflation data seems to be the main culprit.
February 18th, 2014 at 14:27
The euro is heading higher today, gaining against most of its major counterparts and surging against the US dollar. Even the disappointing news about the German ZEW isn’t stopping the euro today.
February 17th, 2014 at 13:28
The Great Britain pound reached the highest level in more than four years against the US dollar and the strongest in a year versus the euro before retreating below the opening level today. The rally followed yet another positive macroeconomic report from the United Kingdom.
February 15th, 2014 at 15:06
This week was overwhelmingly good for the Great Britain pound as the currency was the strongest on the Forex market. Commodity currencies also performed well, while other major currencies like the US dollar, the euro and the Japanese yen were among weakest.
February 14th, 2014 at 17:58
The Great Britain pound advanced today after the gauge of the construction industry increased, adding to evidences of steady economic growth in the United Kingdom and increasing chances for an interest rate hike next year. The currency reached the highest rate since 2011 against the US dollar.
February 14th, 2014 at 14:25
The euro touched a three-week high against the US dollar earlier in trading, thanks in large part to the latest GDP numbers out of Germany and France. Eurozone GDP for the fourth quarter of 2013 benefited from this development, and the euro received a boost.