Euro is gaining ground today, heading higher as an ECB rate cut seems further off after German economic data. Also helping the euro is general risk appetite following Chinese data.
May 07th, 2013 at 16:02
Euro is heading higher today, receiving some help from the latest German economic data. Industrial orders for March beat estimates, and that has provided some support for the 17-nation currency.
ECB President Mario Draghi’s remarks on the euro and the eurozone economy are weighing on the 17-nation currency today. Insisting that monetary policy will continue to accommodate the economic conditions, Draghi’s remarks are weighing on the euro, sending it lower against its major counterparts.
May 04th, 2013 at 13:29
The Great Britain dollar was rallying this week as positive macroeconomic data confirmed economic recovery in the country that recently emerged from recession. Fundamentals outside of Britain also helped the currency.
May 03rd, 2013 at 15:53
Euro is heading higher today, even in the midst of a deteriorating outlook for the eurozone. The risk appetite prompted by a better than expected jobs report out of the United States is helping high beta currencies around the world, never mind the fundamentals.
May 02nd, 2013 at 14:36
Euro is heading lower today, dropping on the latest comments from ECB policymakers. The lower rate was expected by many, but what wasn’t expected was an acceptance of possibly negative rates.
May 02nd, 2013 at 9:32
The Great Britain pound remained strong today as data showed that the construction sector shrank last month less than was predicted by analysts, giving hope that the UK economy is recovering.
May 01st, 2013 at 16:56
Euro is retaining its strength against the US dollar, even with concerns about Cyprus and rising unemployment. Worries about what’s next for the eurozone are being brushed off to some extent, while economic difficulties in the United States keep the dollar down.
April 30th, 2013 at 16:02
Euro is retaining its lead against major counterparts today, even though there are concerns about the eurozone economy. Economic news in other major economies has also been lackluster, so the euro has managed to retain some of its strength.
April 29th, 2013 at 15:24
Many are now expecting that the European Central Bank will cut its benchmark interest rate at its next meeting due to the latest confidence data out of the eurozone. Economic confidence continues to dwindle, and that could lead the ECB to cut rates in a stimulus effort.