Euro is mixed today on the Forex market as an oil probe looking into price fixing continues. Recent US economic data is also being taken into consideration, since it demonstrates that maybe recovery is not on the way after all.
Stronger US Dollar Pushes Gold Prices Lower
May 15th, 2013 at 15:35
The US dollar index is higher today, gaining ground as the greenback shows improvement against the euro. Even though the dollar is lower against some currencies, the greenback is showing overall strength, and that is pushing commodities like gold lower.
UK Pound Gets Boost from BOE Outlook
May 15th, 2013 at 13:23
UK pound is gaining ground today, heading higher as the latest BOE economic outlook provides some hope for growth. Sterling is on the rise against most of its major counterparts due to the enthusiasm and expectations for the rest of the year.
Pound Declines Despite Favorable Fundamentals
May 14th, 2013 at 12:43
The Great Britain pound declined today even though macroeconomic data from the United Kingdom was encouraging. The housing market looked particularly good as demand for property rose to its highest level in over three years.
Euro Struggles on Continued Recession Worries
May 13th, 2013 at 16:05
Euro is struggling today, changing between gains and losses against the US dollar, and finding it difficult to gain solid traction against other major currencies. Worries about recession continue to weigh on the 17-nation currency.
Euro Drops Below 1.3000 Against the US Dollar
May 10th, 2013 at 13:31
Euro is lower against the US dollar today, dropping below the 1.3000 level for the first time in about two weeks. There isn’t a clear reason for the drop to take place right now, but there is speculation that general dollar strength is the main driver.
Pound Weak vs. Dollar Even as BoE Maintains Monetary Policy Stable
May 09th, 2013 at 22:38
The Great Britain pound fell against the US dollar today even as the Bank of England maintained the monetary policy the same, refraining from additional easing. The currency rose against the euro and the Japanese yen though.
Japanese Yen Mostly Weaker
May 09th, 2013 at 16:32
Japanese yen is mostly weaker today, dropping as the prospects of long-term weakness weigh on the Asian currency. With a plan in place to boost the monetary base, and with no one in the G-20 trying to rein in Japan, it looks as there is a clear field for yen weakness.
Pound Gains Ahead of BoE Meeting
May 08th, 2013 at 20:39
The Great Britain pound advanced today on speculations that the recent string of positive reports will encourage the Bank of England to refrain from adding to monetary stimulus on tomorrow’s meeting. The currency went down against the euro.
US Dollar Lower Across the Board on Risk Appetite
May 08th, 2013 at 16:07
Risk appetite, prompted by China’s trade surplus, is helping high beta currencies against the US dollar today. Greenback is down almost across the board as the situation for the global economy is expected to improve, and as risk assets fare in demand.
