The euro declined today against the US dollar and the Japanese yen as concerns about the struggling European economy continued to hurt the currency. At the same time, the euro managed to gain on the Great Britain pound.
November 12th, 2014 at 15:28
The Great Britain pound sank today after the Bank of England predicted that economic growth and inflation will decelerate in the near future. UK employment data turned out be worse than analysts have expected, adding to pressure on the sterling.
November 11th, 2014 at 12:03
Euro is losing some ground on policy expectations today. Many expect that the eurozone will continue to struggle for a while, and that is putting the euro at a disadvantage against its other major counterparts.
November 08th, 2014 at 11:34
The euro demonstrated a third weekly decline in a row against the US dollar this week. Yet the currency’s performance was not as bad as one might have expected considering fundamentals. The shared 18-nation currency managed to gain on the Great Britain pound and the Japanese yen over the week.
November 07th, 2014 at 18:05
The euro gained on the US dollar today after employment data from the United States missed analysts’ projections. The currency also rallied versus the Great Britain pound but was unable to advance against the Japanese yen.
November 07th, 2014 at 11:48
There isn’t a lot of help for the UK pound in forex trading today. With recent data disappointing analysts, and with the Bank of England still not taking any action, the sterling is down almost across the board today.
November 06th, 2014 at 16:59
The European Central Bank kept its monetary policy unchanged during today’s meeting, providing no surprise for Forex market participants. Yet the press-conference after the gathering was a real shocker as ECB President Mario Draghi made several dovish statements, sending the euro to fresh lows. The shared 18-nation currency managed to gain the Great Britain pound.
November 06th, 2014 at 11:29
Euro is getting a little bit of a boost today, heading higher head of the ECB announcement that is expected shortly. The 18-nation currency is heading a little higher, in spite of recent disappointing factory data, and the possibility that the ECB will have to add more stimulus.
November 04th, 2014 at 11:55
Euro is mostly higher today, but the 18-nation currency is paring some of its gains. The latest growth outlook from the European Union has been revised lower, and that is weighing a bit on the euro, and causing it to give up some of its earlier gains.
November 03rd, 2014 at 11:51
UK pound is heading higher today, gaining ground thanks to the latest manufacturing data. Manufacturing data surprised to the upside, and the sterling is getting a boost because of the news.