Euro has been see-sawing a bit today on low volume, and as the end of the month approaches. However, the 17-nation currency is getting some help from the latest economic data. Jobless claims are down and inflation is up, and that has some hoping that the ECB won’t resort to negative deposit rates.
November 28th, 2013 at 16:33
The euro advanced today against the US dollar and the Japanese yen after data showed that German consumer inflation accelerated this month. The currency was unable to beat the strong performance of the Great Britain pound.
November 27th, 2013 at 22:50
The Japanese yen sank today, reaching the lowest level since 2009 against the euro and the weakest rate since 2008 versus the Great Britain pound. The market sentiment was mildly positive, making the currency unnecessary in its role of a safe asset.
November 27th, 2013 at 16:59
Earlier, the euro rallied in relief as Germany announced an agreement to form a governing coalition. Concerns about Germany had weighed on the 17-nation currency, but a rally took over. Now, though, that rally is fading and the euro is heading down against some of its major counterparts.
November 27th, 2013 at 0:21
The Japanese yen rose against the US dollar yesterday, maintaining its gains today, and was little changed against the euro and the Great Britain pound after the Bank of Japan released its monetary policy minutes.
November 26th, 2013 at 14:43
Euro is heading higher today, logging gains against its major counterparts. Forex traders are waiting for speeches from ECB Executive Board members, and there is also anticipation for inflation numbers set to be released on Friday. Clues about where the euro could be headed next are likely coming.
November 25th, 2013 at 15:29
Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied. Euro is losing ground as comments from an ECB board member indicates that another rate cut could be on the way.
November 25th, 2013 at 9:43
The Japanese yen fell today as deal was reached about the Iranian nuclear program, allowing the Middle Eastern country to enrich uranium for peaceful purposes.
November 23rd, 2013 at 3:14
The euro rose on the last trading session of the week as German business climate improved and the German economy grew, leading to hopes about economic recovery in the rest of the eurozone.
November 21st, 2013 at 22:54
The euro jumped against the US dollar and the Japanese yen today on signs that the head of the European Central Bank does not consider implementing negative interest rate yet. The currency sank versus the Great Britain pound.