A higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable.
February 21st, 2014 at 15:36
Greenback is losing ground to enough currencies today that the US dollar index is heading lower. Helping the dollar move lower are gold prices, which are heading higher right now. The prospect of a commodity rally is weighing on the greenback a bit, since it often moves inversely to metals and oil.
February 20th, 2014 at 15:18
Euro is mostly lower today, losing ground as the latest PMI data weighs on the 18-nation currency, and as risk aversion sets in. Concerns about China’s recently released — and disappointing — data are weighing on sentiment, and it’s not helping that gold is pulling back as well. Add to the worries about the eurozone in general, and it’s no surprise the euro is struggling.
February 20th, 2014 at 2:12
The US dollar jumped against the euro after the Federal Reserve released its monetary policy minutes yesterday, but was flat versus the Great Britain pound and the Japanese yen. Today, the greenback continued to trade sideways against the sterling, but fell a little versus the euro and slumped against the yen.
February 19th, 2014 at 14:12
Euro is losing ground today in currency trading, thanks in large part to a report from the Organization for Economic Cooperation and Development. This report indicates that the eurozone’s economic growth is lagging behind the United States and United Kingdom. The worry of deflation is also weighing on the euro.
February 19th, 2014 at 2:07
The US dollar continued to show strength versus the Great Britain pound and the Japanese yen, but was very weak against the euro as yet another bunch of worse-than-expected data from the United States hurt the appeal of the currency for investors who seek safety.
February 18th, 2014 at 14:27
The euro is heading higher today, gaining against most of its major counterparts and surging against the US dollar. Even the disappointing news about the German ZEW isn’t stopping the euro today.
February 18th, 2014 at 0:00
The US dollar started the week fairly strong against most major currencies, though it was flat versus such currencies as the euro and the New Zealand dollar. The major highlight of this week will be the minutes of the latest Federal Reserve monetary policy meeting.
February 14th, 2014 at 15:24
The US dollar index is heading lower today, dropping as better news arrives from Europe. As the situations in the United Kingdom and in the eurozone improve, and as US data misses expectations, the greenback is struggling.
February 14th, 2014 at 14:25
The euro touched a three-week high against the US dollar earlier in trading, thanks in large part to the latest GDP numbers out of Germany and France. Eurozone GDP for the fourth quarter of 2013 benefited from this development, and the euro received a boost.