The Japanese yen rallied yesterday and kept its gains today as weakening of the yuan fueled concerns that Chinese economic growth is slowing. The political crisis in Ukraine added to risk aversion sentiment on the Forex market. The yen’s strength hurt carry traders, who hoped the currency to weaken.
February 25th, 2014 at 15:19
Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it.
February 24th, 2014 at 14:39
A higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable.
February 20th, 2014 at 15:18
Euro is mostly lower today, losing ground as the latest PMI data weighs on the 18-nation currency, and as risk aversion sets in. Concerns about China’s recently released — and disappointing — data are weighing on sentiment, and it’s not helping that gold is pulling back as well. Add to the worries about the eurozone in general, and it’s no surprise the euro is struggling.
February 20th, 2014 at 14:17
The Japanese yen was rising today as Forex market participants felt need for safety. Yet the currency was not able to rally for long and currently is struggling to keep gains, trading close to the opening level against some of its most-traded counterparts.
February 19th, 2014 at 14:12
Euro is losing ground today in currency trading, thanks in large part to a report from the Organization for Economic Cooperation and Development. This report indicates that the eurozone’s economic growth is lagging behind the United States and United Kingdom. The worry of deflation is also weighing on the euro.
February 18th, 2014 at 14:27
The euro is heading higher today, gaining against most of its major counterparts and surging against the US dollar. Even the disappointing news about the German ZEW isn’t stopping the euro today.
February 18th, 2014 at 13:40
The Japanese yen was very weak today after the Bank of Japan maintained monetary accommodation unchanged and boosted the lending program, increasing its term at the same time.
February 17th, 2014 at 14:11
The Japanese yen fell today as the nation’s economy disappointed traders, growing slower than was predicted. This led to speculations that policy makers will introduce additional monetary easing and take actions to prevent strengthening of the currency.
February 14th, 2014 at 14:25
The euro touched a three-week high against the US dollar earlier in trading, thanks in large part to the latest GDP numbers out of Germany and France. Eurozone GDP for the fourth quarter of 2013 benefited from this development, and the euro received a boost.