The euro bounced today after the initial drop as some economic indicators released from the United States were not as good as dollar bulls were hoping for, reducing the shine of the US currency.
November 22nd, 2014 at 16:23
Initially, it looked like this trading week would be another week of consolidation for the euro. Yet the shared 18-nation currency lost its ground by the weekend due to combined influence of poor economic indicators and comments from European policy makers.
November 21st, 2014 at 11:45
Euro is heading much lower today, plunging following the latest comments by ECB President Mario Draghi. His insistence that the ECB will do whatever it takes to stimulate the eurozone economy is driving the 18-nation currency lower today.
November 21st, 2014 at 11:17
The Japanese yen rallied today after Japan’s Finance Minister Taro Aso commented on the recent slump of the currency, saying it was too quick.
November 20th, 2014 at 11:45
The latest PMI data out of the eurozone is weighing on the euro today. A reading that moved unexpectedly lower is weighing on the 18-nation currency as Forex traders contemplate continued slowed growth, even with the ECB’s efforts to boost the economy.
November 19th, 2014 at 12:57
The Japanese yen reached fresh multi-year lows today even though the Bank of Japan decided to keep its monetary policy unchanged, refraining from additional stimulus. It looks like negative factors are just too strong, muting any good news for the currency.
November 19th, 2014 at 0:15
The euro ended yesterday’s trading session with solid gains and is trading sideways during the current session, unsure where to go now. The currency was rising on the back of the surprisingly good European economic sentiment.
November 18th, 2014 at 13:22
The Japanese yen slipped against the majority of most-traded currencies today after a speech of Japanese Prime Minister Shinzo Abe. The currency managed to trim losses against some of its peers and to erase them completely against others.
November 18th, 2014 at 1:04
The euro is attempting to recover at the start of today’s trading session after sinking yesterday. The currency was soft during the previous session as comments from European policy makers pictured a pessimistic outlook for Europe’s economy.
November 15th, 2014 at 12:37
This week was rather good for the euro. The shared 18-nation currency managed to stall its decline versus the US dollar and even rallied against the Great Britain pound and the Japanese yen. It is still questionable, though, whether the currency will be able to retain its strength in the future.