Factory data is helping the euro today, boosting confidence in the 17-nation currency region. However, there are still questions about the euro, and concerns about what could be next. As a result, it appears that the euro’s rally is somewhat limited.
November 04th, 2013 at 12:54
The Australian dollar advanced today as domestic retail sales exceeded forecasts, giving hopes that the Reserve Bank of Australia will refrain from an interest rate cut. Positive data from China supported the currency too.
November 01st, 2013 at 21:54
The Great Britain pound dropped today as UK manufacturing expanded last month less that was expected, while speculations about Dectaper continued to plague the Forex market. The currency also erased today’s gains versus the euro.
November 01st, 2013 at 11:57
The Chinese yuan was little changed today against the US dollar even as both government and private reports showed an expansion of the nation’s manufacturing sector.
October 31st, 2013 at 21:58
The US dollar jumped against the euro today on speculations that the Federal Reserve may perform quantitative easing tampering rather soon. The currency was flat versus the Great Britain pound and fell against the Japanese yen.
October 24th, 2013 at 13:13
Even with the latest drop in the PMI, the euro is still surging in Forex trading. Indeed, the 17-nation currency continues to defy expectations and move higher as risk appetite improves and Forex traders become more confident about the eurozone economy.
October 24th, 2013 at 11:26
The Indonesian rupiah rose a little today as China’s manufacturing index ticked up this month, improving prospects for exports of Indonesia. The positive data improved the market sentiment that was previously negative.
October 03rd, 2013 at 17:17
The New Zealand dollar dropped today on concerns that the US government shutdown will hamper global economy growth. The currency remained weak even though other fundamentals were highly supportive.
October 02nd, 2013 at 18:27
The Great Britain pound was mixed today, rising against the US dollar, but falling versus the Japanese yen. The construction report was the likely source of the confusion as it showed that the sectors continued to grow, but with slower pace than traders have hoped for.
October 02nd, 2013 at 2:46
The US dollar posted gains against other major currencies, including the euro and the Great Britain pound (but excluding the Japanese yen), today. The currency remains in danger from the impact of the US government shutdown.