Euro is getting a bit of a boost today, thanks in part to the confidence report out of the eurozone. Economic confidence increased more than expected, and the euro is also seeing support as the United States sees disappointing economic data.
Yen Profits from Signs of Global Slowdown
May 29th, 2013 at 23:17
The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to growth.
Yen Declines on Outlook for Continuing Monetary Accommodation
May 28th, 2013 at 21:21
The Japanese yen fell today on outlook for continuing accommodation from the Bank of Japan that will push the currency to the downside. Weaker currency is one of the aims of the central bank that should support economic recovery.
Euro Falters Even as Yields Drop
May 28th, 2013 at 13:54
Euro is heading lower today, faltering even as yields in the eurozone drop. With the ECB expected to keep loose monetary policy the norm, it is little surprise that the euro is finding reason to struggle today.
Japanese Yen Gains amid Risk Aversion
May 25th, 2013 at 0:56
The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently.
Euro Moves Higher Against the Dollar
May 24th, 2013 at 13:48
Euro is paring some of its earlier losses, and even moving higher against the US dollar today, getting help from the latest German Ifo reading.
Euro Gains Even After Weak Data
May 23rd, 2013 at 14:40
The eurozone continues to show weak data readings, and many expect the recession in the eurozone to last through the rest of the year. However, even so, the euro is still gaining against the US dollar. Even with the current “risk off” environment, euro is heading higher.
Concerned Investors Buy Yen
May 23rd, 2013 at 9:36
The Japanese yen climbed today, posting the biggest gain against the euro in five weeks, as Chinese manufacturing and speculations about the future monetary policy of the US Federal Reserve made investors nervous and unwilling to risk.
Euro Gains Today as US Monetary Policy is Expected to Remain Loose
May 22nd, 2013 at 14:19
Euro is gaining ground today, heading higher as Ben Bernanke’s testimony to Congress gets under way. Expectations of loose monetary policy in the United States are helping the euro today.
Japanese Mostly Lower Today
May 21st, 2013 at 16:06
Japanese yen is mostly lower today, following an earlier rally. Comments from a government official sent the yen a little higher against its major counterparts, but now the yen is settling down into weaker territory as the fundamentals are considered.
