The euro demonstrated a third weekly decline in a row against the US dollar this week. Yet the currency’s performance was not as bad as one might have expected considering fundamentals. The shared 18-nation currency managed to gain on the Great Britain pound and the Japanese yen over the week.
November 07th, 2014 at 18:05
The euro gained on the US dollar today after employment data from the United States missed analysts’ projections. The currency also rallied versus the Great Britain pound but was unable to advance against the Japanese yen.
November 07th, 2014 at 11:27
Greenback is consolidating ahead of today’s US nonfarm payrolls data for October. Dollar index is a little bit lower right now, and the euro has made a few gains following its steep losses yesterday.
November 06th, 2014 at 16:59
The European Central Bank kept its monetary policy unchanged during today’s meeting, providing no surprise for Forex market participants. Yet the press-conference after the gathering was a real shocker as ECB President Mario Draghi made several dovish statements, sending the euro to fresh lows. The shared 18-nation currency managed to gain the Great Britain pound.
November 06th, 2014 at 11:49
US dollar is settling down a little bit after yesterday’s surge. Right now, it’s a bit about profit taking as Forex traders gear up for the next round of economic data, and contemplate the future of the eurozone.
November 06th, 2014 at 11:29
Euro is getting a little bit of a boost today, heading higher head of the ECB announcement that is expected shortly. The 18-nation currency is heading a little higher, in spite of recent disappointing factory data, and the possibility that the ECB will have to add more stimulus.
November 05th, 2014 at 11:36
US dollar is surging right now, heading higher against its major counterparts, following the US midterm elections. Comparisons between the United States and its European counterparts are mostly about differences in economic directions, and many feel that the latest election results will mean fewer legislative restrictions for business, and that will boost the US economy.
November 04th, 2014 at 11:55
Euro is mostly higher today, but the 18-nation currency is paring some of its gains. The latest growth outlook from the European Union has been revised lower, and that is weighing a bit on the euro, and causing it to give up some of its earlier gains.
November 04th, 2014 at 11:35
US dollar is a little big lower today, falling back after rallying earlier. Right now, the greenback is consolidating, and Forex traders are taking profits. However, there is a good chance that the US dollar will remain relatively strong overall.
November 03rd, 2014 at 11:19
The latest reading for eurozone manufacturing PMI was a bit disappointing, underscoring the difficulties the eurozone continues to face in its economic recovery. On top of that, the news that the United Kingdom might leave the European Union is weighing, even though the United Kingdom isn’t part of the euro area.