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.
The Great Britain pound ended Friday weaker against the US dollar and the euro, but managed to rise against the Japanese yen. The currency was able to keep its weekly gains against other most-traded currencies, including the greenback.
November 08th, 2013 at 15:22
Euro is struggling against the US dollar today, heading lower as the economic situation in the eurozone raises questions. Euro is also barely holding its own against the UK pound, struggling as it moves between gains and losses today. Between the ECB rate cut yesterday and the downgrade to France’s credit rating, there is a lot weighing on the 17-nation currency right now.
November 07th, 2013 at 16:10
Today’s trading session brought a big surprise for Forex traders: the European Central Bank cut its interest rate. As one could expect, the euro slumped after the news. Yet it looks like the drop was overdone as the currency is recovering right now.
November 06th, 2013 at 23:11
The Great Britain pound rose against the US dollar and the Japanese yen today as macroeconomic data supported the view that the Bank of England will not cut interest rates on tomorrow’s policy meeting. The sterling fell against the euro, which was supported by domestic data too.
November 06th, 2013 at 16:30
Euro is finding its footing today, thanks to the latest round of economic data. The certainty that the ECB will have to cut rates this week is fading, and that is providing a bit of a boost to the 17-nation currency.