Eurozone consumer confidence came in below expectations for October, but it is still at its best since July 2011. Risk appetite is a little shaky today, and there are still questions about the sustainability of the eurozone’s economic recovery.
October 23rd, 2013 at 15:33
October 23rd, 2013 at 10:01
The Japanese yen jumped today on speculations that Chinese policy makers are going to perform monetary tightening. Such talks made traders nervous and drove them to seek safety.
October 22nd, 2013 at 14:52
Euro is surging today as risk appetite returns to the markets with the release of US payroll data. With the data for September showing modest improvement, and with the numbers for August revised higher, a surge of interest in risk assets is helping high beta currencies like the euro.
October 21st, 2013 at 14:55
Euro is slightly lower against the US dollar right now, but that doesn’t mean some sort of strength isn’t there. Indeed, with concerns about what crisis mongering will do to the US economy, some believe that the euro could act as a haven from the US dollar.
October 21st, 2013 at 11:03
The Japanese yen slipped today as the nation’s trade deficit widened last month, giving incentive for the central bank to further ease monetary policy that is already extremely accommodative.
October 18th, 2013 at 20:28
Euro is higher today, reaching levels not seen since early in the year. Euro actually broke through the 1.3700 level against the US dollar to reach a session high of 1.3705. Since then the euro has eased back a bit, but it is still showing strength as the US dollar shows weakness.
October 17th, 2013 at 7:58
Euro is surging on the news that lawmakers in the United States have come to an agreement to end the shutdown and avert a default. Risk appetite has returned to the markets as Forex traders greet the news with enthusiasm. However, with the some of the attention off politics in the United States, some focus is returning to eurozone austerity.
October 16th, 2013 at 5:33
Euro might struggling a little bit against the greenback still, but the 17-nation currency is hoping to see some improvement in the near future. The latest ZEW reading is at its highest point since April 2010, prompting hopes in a possible economic recovery for the eurozone.
October 15th, 2013 at 6:48
The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying.
October 11th, 2013 at 14:42
Euro is heading higher today, thanks in part to expectations of a debt deal in the United States, and in spite of continued questions about the eurozone economic recovery. Euro is gaining against its major counterparts as a bit of risk aversion makes an appearance on the markets.