Yen is lower against most of its major counterparts today, dropping as continued easing from the Bank of Japan is expected. Even with some of the recent improvements to the Japanese economy, “Abenomics” is expected to continue, and that means long-term yen weakness.
January 06th, 2014 at 14:29
Euro is higher today, gaining ground as the latest euro area services reading from Markit Economics indicates continued expansion. The expansion is at a slower rate, true, but it’s still expansion. German stocks are doing well, and Germany in general seems to be doing just fine, leading the eurozone to better growth.
December 30th, 2013 at 14:04
As the year draws to a close, the euro continues to gain ground against its major counterparts. Much of the help for the euro comes from comments that another rate cut isn’t likely to be needed to help keep the economy in recovery mode. However, there is also help for the euro from the fact that banks are repatriating funds.
December 29th, 2013 at 5:11
The Japanese yen continued to show great weakness during the past year even as some of news should have been supportive for the currency. It looks like policy makers have made the currency rather unattractive for investors, which actually makes it easier for the central bank to achieve its inflation target.
December 28th, 2013 at 5:53
The Japanese yen ended Friday with losses even though macroeconomic data from Japan was very positive, making it less likely for the nation’s central bank to introduce additional monetary accommodation.
December 26th, 2013 at 15:49
Euro continues on track to be the top performer of 2013 with today’s performance. Much of that has to do with the fact the issues that have been plaguing the 17-nation currency region — from recession to political problems — are mostly resolved. Or at least have been moved to the back burner. For now, the euro continues to see mostly gains against its major counterparts.
December 26th, 2013 at 9:14
The Japanese yen opened sharply lower today as some policy makers were worried about slowing economic growth. Such worries suggest that the central bank will continue to pursue the path of monetary easing to spur growth.
December 24th, 2013 at 14:07
Euro is struggling against other currencies right now, mostly lower as other currencies gain the upper hand, thanks to better economic data. Better data reports in the United States and United Kingdom are helping the dollar and the pound.
December 20th, 2013 at 14:48
The European Union experienced a downgrade in its credit rating earlier today. Along with that news, and following on the heels of expectations for a stronger dollar on Fed tapering, it’s little surprise that the euro has been struggling. However, after some earlier losses, the euro has managed to gain some ground.
December 20th, 2013 at 14:01
Yen weakness continues today, thanks in large part to the latest decision from the Bank of Japan. Also affecting the yen’s performance is the fact that there’s a lot of optimism about global economic recovery right now, and that means that the demand for a safe haven like the yen is low.