The US dollar was trading below opening level against some of its major counterparts today but managed to trim losses with help of positive outlook for the US labor market. The greenback retained gains versus the Great Britain pound.
October 02nd, 2014 at 13:12
The euro advanced today, rising against the US dollar and the Great Britain pound, after the European Central Bank conducted its monthly policy meeting. The shared 18-nation currency also pared its previous losses versus the Japanese yen.
October 02nd, 2014 at 10:30
US dollar is mostly lower today against its major counterparts, and the dollar index is losing steam. Much of it has to do with consolidation and profit taking, however. The dollar is on a roll, and some analysts think the dollar rally still has plenty of life.
October 01st, 2014 at 10:50
Euro is seeing more weakness today, and that’s not surprising, given the latest economic data out of the eurozone. Also not helping matters is the fact that the latest data out of Germany is disappointing as well. With the eurozone economy continuing to flounder, the more likely it is that ECB will take increasingly drastic steps to try to stimulate the situation.
September 29th, 2014 at 10:47
Greenback is heading higher again, thanks in large part to the uncertainty and unrest that continues to plague the world. Also helping the US dollar is the latest economic news, which is fueling speculation that interest rate hikes could come sooner rather than later.
September 29th, 2014 at 10:27
Euro is mostly lower today against its major counterparts, and is expected to remain weak for some time. The latest inflation figures are about to be released, and policymakers have already indicated their willingness to do what it takes to weaken the euro in the name of economic stimulus.
September 25th, 2014 at 12:37
US dollar index is higher today, thanks in large part to the policy divergence that the greenback has with its counterparts. US dollar is gaining ground against other majors as expectations for higher rates provide support.
September 24th, 2014 at 10:46
Even though the euro has made up some lost ground recently, the 18-nation currency continues to struggle against some of its counterparts. Even with the euro catching up to the greenback, the US dollar is still expected to maintain the upper hand.
September 23rd, 2014 at 11:13
US dollar is lower today, losing ground against many of its major counterparts. The greenback is pausing for a breather right now, heading lower as Forex traders take profits and consider what could be next.
September 23rd, 2014 at 10:41
Even though the euro is holding some of its recent gains today, there are expectations that could change if the ECB has to take more action to try to stimulate the eurozone economy. The latest economic data isn’t all that encouraging, and the ECB might be under pressure to do more.