US non-farm payrolls provided nasty surprise for dollar bulls, sending the US currency down, as they came out much worse than was expected. The greenback halted its rally but not necessarily lost upward momentum completely, and it reached new highs for the year against some of its peers before retreating.
September 05th, 2014 at 19:25
September 05th, 2014 at 10:28
Euro is eking out some small gains today, following yesterday’s huge drop against all major counterparts. Forex traders aren’t expecting much, though. The big shocker from the ECB is likely to result in general euro weakness for a while.
September 04th, 2014 at 23:48
The US dollar demonstrated huge gains today, mostly with help from the European Central Bank policy decision, but also due to the string of positive domestic economic indicators that supported the outlook for monetary tightening from the Federal Reserve.
September 04th, 2014 at 13:45
The European Central Bank provided a big surprise to the Forex market today, cutting interest rates to new lows, sending some of them deeper into a negative territory. What was not surprising was the reaction of the euro to the news — the currency sank, falling to the lowest rate in more than a year against the US dollar.
September 04th, 2014 at 10:31
Euro is lower today, dropping as Forex traders look ahead to policy expectations from Mario Draghi and the European Central Bank. Many expect the ECB to embark on looser monetary policy, and that is weighing on the euro.
September 03rd, 2014 at 10:25
US dollar index is lower, and greenback is down against its counterparts, following earlier gains. After surging a bit earlier in the session, the US dollar is now losing ground, likely due in part to profit taking.
September 02nd, 2014 at 10:34
Euro is mixed today, dropping against the US dollar, even as it gains against the UK pound and Japanese yen. One of the reasons that the euro is struggling against the dollar is the speculation that the ECB will have to implement quantitative easing.
September 02nd, 2014 at 3:27
The US dollar rose against almost all of its major counterparts today, touching the highest level since January versus the Japanese yen and reaching the strongest rate in a year against euro, as the monetary policy outlook continues to support the currency.
August 30th, 2014 at 15:11
The euro experienced a very bad week, falling to the lowest level in almost a year against the US dollar, even though most other major currencies, including the Great Britain pound and the Japanese yen, were rallying versus the greenback.
August 29th, 2014 at 10:55
Even though the euro is a little higher against some of its major counterparts, the 18-nation currency is headed for a weekly decline. The latest economic data confirms that rises in consumer prices continue to slow.