German economic data has provided a bit of a boost to the euro today, but the gains are more modest than many might expect. Even though the macroeconomic picture appears to be getting better in Germany, it’s not quite enough to overcome the other problems in the eurozone.
February 19th, 2013 at 15:44
February 13th, 2013 at 15:16
Indications that the worst really is over for the eurozone continue to roll in, despite worries about Spain and Italy. The latest industrial production data supports the idea that the eurozone economy is strengthening, albeit modestly.
February 06th, 2013 at 15:27
Euro appears to be in consolidation mode right now, and is a little bit lower against other majors right now as a result. It’s also not helping that some doubts, helped by renewed concerns about sovereign debt, are creeping into the picture.
February 04th, 2013 at 19:02
The Canadian dollar rallied against the euro today as political turmoil in Spain undermined the strength of the shared European currency. The loonie erased its gains versus the US dollar and fell against the Japanese yen after reaching the highest level since May 2010.
February 04th, 2013 at 15:33
Did Forex traders get too excited about the euro recently? That’s what many are wondering as political concerns halt the recent euro rally and send the 17-nation currency plunging. Political concerns in Spain and Italy, as well as speculation about the upcoming European Central Bank meeting, are weighing on the euro today.
January 22nd, 2013 at 14:21
Euro is mixed in forex trading today, following the latest Bank of Japan announcement, as well as the latest Spanish bond offering and the expectations that Germany and France will announce joint proposals for euro reform by May.
January 17th, 2013 at 14:45
Euro is gaining today as the latest Spanish auction is considered a success. There is optimism about what’s next for the eurozone right now, and that is translating into gains for the euro, which some think could rise to the 1.3400 level against the US dollar fairly soon.
January 15th, 2013 at 15:43
Euro managed to firm against the US dollar earlier in trading, but now the euro is lower in general as concerns about the global economy come into focus and as risk assets lose their attractiveness.
December 06th, 2012 at 14:01
Even though the European Central Bank kept rates on hold for now, there are still concerns about the future. With the eurozone economy moving sluggishly, and the sovereign debt saga far from over, there are worries that the ECB will have no choice but to cut rates in the future.
December 05th, 2012 at 13:58
Euro is heading a little bit lower, slipping as eurozone data disappoints, and as the Spanish bond auction doesn’t go as well as hoped. After hitting a seven-week high against the US dollar, the 17-nation currency is now pulling back.