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.
May 16th, 2014 at 18:08
The euro dropped today as investors were fleeing bonds of Europe’s peripheral economies, adding to pressure on the European Central Bank to stimulate the struggling economy. The currency was heading for a second weekly loss versus the US dollar and the Japanese yen, and it will be the third week of decline against the Great Britain pound.
May 15th, 2014 at 19:05
The Japanese yen rallied today against all other major currencies as various concerns put the Forex market in a risk-off mode, meaning that traders preferred safer currencies. Economic data from Japan also helped to buoy the attractiveness of the currency.
May 15th, 2014 at 17:39
The euro plunged today as economic growth in major European countries (with the notable exception of Germany) and the eurozone as a whole missed estimates, increasing chances for additional monetary stimulus in June. Inflation remained stable, suggesting that there is no threat of deflation for a time being. The currency trimmed its losses against some of its peers by now.
May 14th, 2014 at 13:10
Yesterday, the euro was in the midst of a selloff after the news came out that the ECB is considering policy options to boost stimulus (and weaken the 18-nation currency). Today, though, things have leveled out the euro has gained strength on disappointing US data, BOE comments, and the fact that Asian central banks are buying up euro denominated assets.
May 13th, 2014 at 13:48
It really looks as though the eurozone is going to see some further stimulus in the next couple of months, and the euro is down almost across the board on the news. The latest Bundesbank report is supportive of stimulus measures, and that could mean more euro weakness.