The euro was higher today as European Central Bank members hinted that the bank has options to battle low inflation. The currency reached the highest level since November 2009 against the Japanese yen.
November 19th, 2013 at 5:34
The Great Britain pound was soft at the start of this week and maintained weakness today. UK housing data was unexpectedly poor, damping optimism about recovery in the United Kingdom.
November 18th, 2013 at 15:45
Euro is heading higher today, making progress as risk appetite improves. With traders looking for higher yields, the euro is getting a little help, even after the recent rate cut from the ECB. Good news out of China, plus the reluctance of the Federal Reserve to slow its stimulus efforts.
November 16th, 2013 at 20:01
The Great Britain pound rose this week, reaching the highest level since August 2009 against the Japanese yen, on hopes that accelerating economic recovery will allow policy makers to raise interest rate earlier.
November 15th, 2013 at 1:23
The Great Britain pound kept its yesterday’s gains against the euro and the Japanese yen today as expectations of accelerating economic recovery in the United Kingdom make the currency more appealing to Forex traders.
November 14th, 2013 at 15:17
Euro is struggling today, mainly due to disappointing economic data. The latest GDP numbers are in, and they show that the eurozone recovery is barely hanging on. It’s not helping, either, that German and France are having their own economic struggles right now. There’s little to support the euro, and there are concerns that another recession could be coming.
November 14th, 2013 at 1:23
The Great Britain pound surged on the previous trading session after the Bank of England issued a very positive outlook, leading to speculations that it may tighten monetary policy sooner than was previously expected. The currency was little changed today.
November 13th, 2013 at 15:41
The latest news out of the eurozone is weighing on the euro, sending the 17-nation currency lower against its major counterparts today. Once again, concerns about the viability of the recent eurozone recovery are causing problems for the euro on the Forex market.
November 12th, 2013 at 15:40
Euro has managed to hang on to recent gains, heading higher as better news adds a degree of optimism. However, the fact remains that the eurozone is emerging from its second recession in the last five years, and there are still plenty of questions about the fate of the euro going forward.
November 12th, 2013 at 2:17
The euro was relatively strong at the start of the week, but speculators are concerned that this week’s fundamental reports may hurt the currency, showing slowing economic growth.