The latest economic data out of the United States is somewhat soft, and that is weighing on the greenback today, limiting its progress. The dollar is lower against its European counterparts, and paring some of its gains against other currencies.
November 26th, 2013 at 14:43
Euro is heading higher today, logging gains against its major counterparts. Forex traders are waiting for speeches from ECB Executive Board members, and there is also anticipation for inflation numbers set to be released on Friday. Clues about where the euro could be headed next are likely coming.
November 25th, 2013 at 15:29
Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied. Euro is losing ground as comments from an ECB board member indicates that another rate cut could be on the way.
November 23rd, 2013 at 17:31
The US dollar rallied against the Japanese yen and commodity currencies this week, but was unable to beat the euro and the Great Britain pound. Speculations about quantitative easing tampering in December (Dectaper) were helping the currency.
November 23rd, 2013 at 3:14
The euro rose on the last trading session of the week as German business climate improved and the German economy grew, leading to hopes about economic recovery in the rest of the eurozone.
November 21st, 2013 at 22:54
The euro jumped against the US dollar and the Japanese yen today on signs that the head of the European Central Bank does not consider implementing negative interest rate yet. The currency sank versus the Great Britain pound.
November 21st, 2013 at 21:45
The US dollar weakened against the euro and the Great Britain pound today after yesterday’ rally. At the same time, the currency managed to reverse yesterday’s drop versus the Japanese yen.
November 20th, 2013 at 14:22
US dollar is struggling today, with the dollar index falling on projected weakness. Remarks from the Federal Reserve, as well as the latest moves by China, are weighing on the greenback today.
November 19th, 2013 at 20:44
The euro was higher today as European Central Bank members hinted that the bank has options to battle low inflation. The currency reached the highest level since November 2009 against the Japanese yen.
US dollar struggles as it become clear that the Federal Reserve is reluctant to taper. Plus, demand for riskier assets is reducing the interest in the greenback today.