Euro is struggling today, mainly due to disappointing economic data. The latest GDP numbers are in, and they show that the eurozone recovery is barely hanging on. It’s not helping, either, that German and France are having their own economic struggles right now. There’s little to support the euro, and there are concerns that another recession could be coming.
November 05th, 2013 at 23:00
The euro dropped today as speculations persisted about potential implementation of additional monetary stimulus by the European Central Bank. The economic reports were not helping the matter and the forecasts for the next year were less optimistic.
July 31st, 2013 at 13:23
Euro continues to struggle a bit against the US dollar today, even after the latest unemployment release in the eurozone. Signs that a muted recovery might come into play during the last part of 2013 are not quite enough for the 17-nation currency to log gains against the greenback right now.
July 26th, 2013 at 1:52
The euro climbed against the US dollar and rose versus the Great Britain pound as German business climate continue to improve and Spanish unemployment shrank. The currency fell for the second day against the Japanese yen, erasing the big advance that it has made on Wednesday.
April 25th, 2013 at 21:50
The euro remained under pressure as continuously bad reports from Europe drive investors away from the region’s assets and make them question if the European Central Bank will act to help the failing economy.
March 06th, 2013 at 15:15
Euro continues to struggle, dropping below the 1.30 level against the US dollar today. Concerns about what might be coming are weighing on the 17-nation currency, causing it to lag behind some of its high beta peers.
The euro was no feeling well recently. The Forex market was in a risk aversion mode, driving traders away from the currency. What this week holds for the euro? In fact, market analysts think nothing good.
March 01st, 2013 at 13:41
European data released earlier is disappointing, and concerns about the situation are prompting gains for the US dollar. Even though the US economy is recovering at a sluggish pace, and even though the sequester has hit, the US dollar is still in a stronger position than its European counterparts.
February 19th, 2013 at 15:44
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 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.