The US dollar index is lower for now, but more support for the greenback might be in the future. For now, the dollar is lower against the euro, as well as the yen, but it could find support if the economic situations in the eurozone and the United Kingdom don’t improve anytime soon.
February 03rd, 2014 at 16:18
UK economic data has once again missed forecasts, and that is causing a drop for the pound against nearly all of its major counterparts. Pound is struggling today as traders become concerned that Bank of England policymakers will keep interest rates lower for an extended period of time. The disappointing data overwhelmed the news that home prices rose in January.
UK pound is gaining ground today, even after a data disappointment. The latest GDP reading from the United Kingdom indicates that growth is moving at a slower rate than expected, and that is having an impact on the sterling. However, even with the data disappointment, the pound is still higher against its major counterparts today.
January 22nd, 2014 at 14:10
UK pound is moving higher today, surging ahead of its major counterparts on the latest unemployment report. As the unemployment rate fell to its lowest level in five years, there are expectations that the Bank of England will consider cutting back on its asset purchase program.
January 21st, 2014 at 15:14
Greenback is mostly higher today, gaining against many of its major counterparts as the latest expectations for a Federal Reserve taper are bandied about. Further tightening in US monetary policy is supporting the US dollar right now.
January 16th, 2014 at 14:48
UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news.
January 16th, 2014 at 13:57
Canadian dollar is inching higher against its major counterparts, gaining ground as Forex traders consider their positions, and as the situation changes for the currency. Loonie is finding a little support ahead of next week’s BoC meeting, but general weakness is likely to remain.
January 13th, 2014 at 15:40
US dollar is mixed today, thanks in large part to confused signals about what’s next for the currency. The latest jobs data was soft, and that has some rethinking the idea that the Federal Reserve will boost its tapering efforts. The Fed might have started the taper, but it’s not likely to step back stimulus further if data remains soft.
January 13th, 2014 at 14:07
UK pound is heading lower today, thanks in large part to disappointing economic data. Analysts and others have had high hopes for the United Kingdom, and the disappointing economic news has many selling the pound.
January 08th, 2014 at 15:13
The latest growth outlook for the UK economy is pushing the pound higher today. Pound reached a five-week high against the euro, thanks to the fact that the United Kingdom is expected to see greater growth in the coming year than the eurozone.