Euro is gaining ground today, heading higher as an ECB rate cut seems further off after German economic data. Also helping the euro is general risk appetite following Chinese data.
Mario Draghi — News Archive
May 07th, 2013 at 16:02
Euro is heading higher today, receiving some help from the latest German economic data. Industrial orders for March beat estimates, and that has provided some support for the 17-nation currency.
The Great Britain pound felt itself strong recently, but was a bit soft at the start of today’s trading session. Will the currency be able to maintain its rally this week?
ECB President Mario Draghi’s remarks on the euro and the eurozone economy are weighing on the 17-nation currency today. Insisting that monetary policy will continue to accommodate the economic conditions, Draghi’s remarks are weighing on the euro, sending it lower against its major counterparts.
May 02nd, 2013 at 14:36
Euro is heading lower today, dropping on the latest comments from ECB policymakers. The lower rate was expected by many, but what wasn’t expected was an acceptance of possibly negative rates.
April 04th, 2013 at 14:48
After dropping below the 1.2800 level against the US dollar earlier today, the euro is gaining on the day. Risk appetite and a commitment to the euro are helping the 17-nation currency regain some of its earlier losses against the greenback.
April 03rd, 2013 at 15:33
Euro is struggling against some of its major counterparts ahead of the next ECB meeting. While the euro is higher against the US dollar right now, the 17-nation currency is heading lower against the pound and the yen. With the latest economic data pointing to weakness, it’s not much of a surprise that the euro is struggling.
March 15th, 2013 at 13:19
Even with a level of uncertainty, the euro is gaining ground today. The 17-nation currency is up against its major counterparts, even as a number of issues remain unresolved.
March 08th, 2013 at 13:58
The realities of what’s happening in the Europe are weighing on the euro today, and even better news out of the United States can’t boost risk appetite enough to help. Mario Draghi’s remarks during yesterday’s ECB policy announcement were less than inspiring, and the latest news on the US economy only serves to highlight differences.
March 08th, 2013 at 4:00
The US dollar fell sharply against the euro yesterday and stayed little changed today. The US currency was flat versus the Great Britain pound, while against the Japanese yen it reached the highest level since August 2009.