Questions about how long the euro can remain on top in Forex trading are being raised today as the 18-nation currency continues to hold its own against some of its major counterparts. While the euro is down against the yen, it is higher against the dollar and the pound.
June 24th, 2014 at 17:50
The Great Britain pound dropped today against the majority of most-traded currencies as UK policy makers tempered bets on interest rate hikes in near future by their dovish comments. Market participants, who have thought that central bank will tighten monetary policy soon, were unprepared for this.
June 24th, 2014 at 14:07
Euro continues to hold its own in Forex trading, in spite of recent attempts by the ECB to stimulate the economy by weakening the currency. Poor data out of the eurozone isn’t slowing the euro much. In fact, the 18-nation currency is higher against many of its counterparts.
UK pound has slipped against the US dollar, even after a stronger week that saw sterling reach highs not seen in five years. Since the end of a strong week, the pound is down against the dollar to start a new week. It is also down against the yen, and even slightly lower against the euro.
June 23rd, 2014 at 12:47
Euro is eking out some small gains against some of its counterparts following the disappointing PMI report just out for June. Concerns about a faltering eurozone economy are on the rise again, especially with the data indicating that France is struggling.
June 19th, 2014 at 17:36
The Great Britain pound advanced today, rising to the highest level since October 2008 against the US dollar, bolstered by speculations that the Bank of England will raise interest rates sooner than was expected. The interest rate outlook offset the negative impact of today’s economic data on the currency.
June 19th, 2014 at 14:15
Euro is gaining ground today, due in large part to the dovish sentiment coming out of the US Federal Reserve. Concerns that the Fed would announce interest rate increases sooner rather than later, along with worries about the eurozone economy, had been weighing on the 18-nation currency.
June 17th, 2014 at 13:09
The latest wage data for the eurozone has been released, and it looks as though wage growth slowed in the first quarter of 2014. This news is disappointing to many, since it indicates that the wage situation in the eurozone isn’t likely to improve anytime soon. It also shows that things aren’t picking up in terms of an economic recovery.
June 17th, 2014 at 3:46
The Great Britain pound fell against the US dollar and rose versus the Japanese yen at the current trading session, reversing its Monday’s movement. The sterling also continued to fall versus the euro. This does not necessarily mean that the UK currency lost its bullish momentum as it reached multi-year highs at the previous trading session.
June 16th, 2014 at 13:42
Euro is mixed in Forex trading today, and bulls and bears are facing off, looking at the 1.35 level against the US dollar as an important dividing line. It’s turning into an interesting over/under debate, as well as a debate between those who see the recent ECB decision as an injection of life into the eurozone, and those who think weakness will continue.