US dollar index is starting out another week stronger, thanks in large part to difficulties plaguing the eurozone. While the Facebook IPO last week distracted Forex traders and investors from the crisis in the eurozone for a short period of time, focus is back on Europe, and what’s happening (or not happening).
May 17th, 2012 at 14:08
Aussie is turning in a mixed performance today as choppy markets look for direction, and try to process all of the difficulties happening in the eurozone. On one hand, Aussie is lower against the US dollar as risk aversion makes an appearance. But, on the other, the Australia dollar is gaining against European currencies weighed down by difficulties.
May 17th, 2012 at 13:18
Eurozone bank worries are sending the euro lower today, along with rises to funding costs. Uncertainties about what’s next for Greece and for the eurozone remains, and that is weighing on the euro in Forex trading right now.
May 15th, 2012 at 12:11
The euro rose today, rebounding from the lowest level in several months, as Germany’s economy grew last quarter, easing worries about the negative impact that the credit crisis has on the eurozone economy.
May 14th, 2012 at 8:50
The euro fell today, reaching the lowest level in more than three months against the US dollar, as speculation that Greece may leave the eurozone drove away investors from the shared 17-nation currency.
May 10th, 2012 at 14:04
Euro is finding some support in Forex trading today, heading a little bit higher. Even though there are still concerns about what is happening in Europe, traders are looking for a little bit of respite from the risk aversion and gloom. So, the euro is a little bit higher right now, and other high beta currencies are seeing some success as well.
May 09th, 2012 at 13:52
Euro is down across the board today, falling as concerns about what is happening in the eurozone weigh on financial markets around the world. The financial and political turmoil in the eurozone are causing trouble, and the euro is below the 1.30 level against the US dollar as a result.
May 08th, 2012 at 15:25
Euro is sinking right now, forced down by the political situation in the eurozone. Concerns about what’s next for the 17-nation currency zone are dragging down the euro as Forex traders look for safety, and choosing the US dollar and the Japanese yen instead.
May 08th, 2012 at 14:34
US dollar index is retaining its earlier modest gains today as risk aversion sets in. Concerns about the Greek drama playing out, as wells concerns about the state of the global economy, are weighing on riskier assets. Greenback is being sought as a safe haven, with the US dollar index likely to pick up steam.
May 04th, 2012 at 20:52
The euro was falling today as elections in European countries this weekend and the next week add to uncertainty regarding the ability of the eurozone to withstand its financial crisis.