In a surprise move, the Bank of Japan announced a new round of easing. Earlier, the yen had been gaining in spite of unfavorable data. Now, though, the yen is heading much lower in the wake of this latest announcement.
October 31st, 2014 at 10:57
October 31st, 2014 at 10:28
Euro is lower against most of its major counterparts today, thanks in part to statements from an ECB policymaker. While quantitative easing isn’t quite on the table, officials aren’t ruling it out, and the possibility of QE, along with other measures meant to weaken the euro in the name of stimulus, is weighing on the 18-nation currency.
October 31st, 2014 at 0:15
The Japanese yen gained today even though economic data that came out from Japan during the current trading session was not particularly good. The possible reason for the rally is risk aversion that followed the policy announcement from the Federal Reserve.
October 30th, 2014 at 10:50
Euro is falling against its major counterparts today, but some of the losses are being pared, thanks to the latest data releases. Some of the regions of the eurozone are reporting progress, and that is reducing some of the difficulty with the euro.
October 29th, 2014 at 10:27
Euro is gaining ground against the UK pound, but losing ground against the US dollar and the Japanese yen. The 18-nation currency continues to struggle as risk appetite fades from the Forex market, and as expected policy divergence between the United States and the eurozone widens.
October 27th, 2014 at 10:48
Japanese yen is heading higher against its major counterparts today, getting help from the latest economic data. With an improvement in data, there is the thought that maybe the Japanese government won’t be quite so aggressive at pursuing weakness for the yen.
October 27th, 2014 at 10:27
Euro is getting a little help today in Forex trading, thanks to the latest round of stress test results from banks. Things seem to be improving for banks, and that means that there are fewer fears regarding the eurozone. There is still a ways to go for the eurozone recovery, and for the 18-nation currency, but things are looking a little bit better.
October 23rd, 2014 at 10:25
The latest manufacturing data is in for the eurozone, and it’s more positive than expected. As a result, the euro is gaining ground against many of its counterparts. This might the news that the 18-nation currency region has been waiting for, since it signals that maybe another recession isn’t inevitable after all.
October 21st, 2014 at 10:51
Yesterday, the ECB announced that it is buying covered bonds as part of a plan to try to keep the eurozone economy from sliding back into recession. This announcement is weakening the euro, and the 18-nation currency is down against its major counterparts.
October 20th, 2014 at 10:25
Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance.