The euro rose today as the German consumer sentiment remained stable this month. The currency kept gains even after the speech of European Central Bank President Mario Draghi fueled speculations that the central bank will act in June.
May 26th, 2014 at 22:23
May 23rd, 2014 at 14:16
With each new piece of economic news that comes in, the euro struggles a little bit more. The 18-nation currency reached a three-month low against the US dollar, and continues to have difficulty against many of its other major counterparts.
May 22nd, 2014 at 13:48
Even though decent news about the eurozone economy has been released, the euro continues to struggle. The 18-nation currency is lower against many of its counterparts, even after the release of PMI data showing continued (albeit slow) expansion.
May 22nd, 2014 at 10:57
The Japanese yen retreated today as better-than-expected macroeconomic data from China convinced traders to drop their risk-negative attitude and buy high-beta currencies.
May 21st, 2014 at 12:17
The Japanese yen rallied today after the Bank of Japan left its monetary policy unchanged, refraining from adding monetary accommodation. Absence of stimulating measures is usually positive for a currency, and so it was in this case.
May 20th, 2014 at 20:02
The Japanese yen rallied against most major currencies on speculations that the nation’s central bank will refrain from adding monetary stimulus during the policy meeting that has started today.
May 20th, 2014 at 13:35
Euro weakness is increasing, with the 18-nation currency losing ground to most of its major counterparts today. Expectations that easing will go forward in June are weighing on the euro.
May 19th, 2014 at 17:03
The general market sentiment and domestic fundamentals were not supportive for the euro at all. And this makes it very surprising to see the shared 18-nation currency relatively strong today, rising against some of its major peers.
May 19th, 2014 at 16:17
The Japanese yen started the week strong against other most-traded currencies as the market sentiment favored safer assets, making the yen a desirable currency to have. The currency trimmed its gains as of now but retained its strength.
May 17th, 2014 at 13:06
The euro, along with the Swiss franc (which is tied to the shared 18-nation currency due to the ceiling introduced by the Swiss National Bank), was the weakest major currency on the Forex market this week. Persisting speculations about monetary easing from the European Central Bank in June continued to erode the strength of the currency.