After dropping below the 1.2800 level against the US dollar earlier today, the euro is gaining on the day. Risk appetite and a commitment to the euro are helping the 17-nation currency regain some of its earlier losses against the greenback.
The new easing plan from the Bank of Japan has the yen dropping rapidly today. Yen is down against its major counterparts today as Japanese leaders announce a very aggressive easing plan.
April 02nd, 2013 at 19:32
Yen is paring some of its earlier gains against its major counterparts as Forex traders prepare for the first Bank of Japan meeting with Haruhiko Kuroda. A bit of risk appetite is also helping other currencies against the yen today.
April 02nd, 2013 at 13:54
Euro is a little lower today against the US dollar, thanks in part to record unemployment. However, the 17-nation currency isn’t down by as much as it could be, and it’s still holding its own against the UK pound.
April 01st, 2013 at 13:24
Japanese yen is higher today as Forex traders and investors move into wait and see mode with regard to economic data and concerns about what’s next for the global economy. Also helping the yen today is a round of short-covering.
March 30th, 2013 at 23:12
The euro was trying resisting the forces that were pulling it down, but was largely unsuccessful, falling against other major currencies. This was not a straight move down though and the week ended on a bright note.
March 29th, 2013 at 2:55
The Japanese yen has succumbed to concerns about the expected intervention from the Bank of Japan, falling against other most-traded currencies (though rising against the US dollar) after fear came off the Forex market.
March 29th, 2013 at 0:20
The euro bounced after fears of financial crisis in Cyprus abated to some degree. The currency advanced versus the US dollar and erased losses against the Japanese yen, but remained soft against the Great Britain pound.
March 28th, 2013 at 6:06
The Japanese yen gained today as worries about the situation in Europe overshadowed the talks of Bank of Japan Governor Haruhiko Kuroda about monetary easing and weakening the currency.
Euro is dropping rapidly against most of its major counterparts. With the uncertainty over Cyprus, and with Italy once again with its back to the wall, trouble is looming for the 17-nation currency.