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.
January 08th, 2014 at 14:08
Yen is lower against most of its major counterparts today, dropping as continued easing from the Bank of Japan is expected. Even with some of the recent improvements to the Japanese economy, “Abenomics” is expected to continue, and that means long-term yen weakness.
January 06th, 2014 at 15:18
UK pound is struggling today, barely etching out gains against major currencies. The latest services output data disappointed analysts today, showing a drop instead of an increase. Concerns about the UK economy are on the rise now, thanks to this latest data.
December 31st, 2013 at 14:42
Economic expectations are helping the UK pound today, especially against the euro. The pound is seeing success as Forex traders and analysts look to 2014 for continued improvement in the UK economy. Many expect good news for the housing sector, and that is expected to form the cornerstone of economic recovery.
December 26th, 2013 at 15:49
Euro continues on track to be the top performer of 2013 with today’s performance. Much of that has to do with the fact the issues that have been plaguing the 17-nation currency region — from recession to political problems — are mostly resolved. Or at least have been moved to the back burner. For now, the euro continues to see mostly gains against its major counterparts.
December 24th, 2013 at 14:07
Euro is struggling against other currencies right now, mostly lower as other currencies gain the upper hand, thanks to better economic data. Better data reports in the United States and United Kingdom are helping the dollar and the pound.
December 23rd, 2013 at 15:48
UK pound is getting a boost today, thanks in large part to optimism related to the economy. Many investors expect to see economic improvement for 2014, built on the improvements seen in 2013. As a result, sterling is getting a little help and support today.
December 19th, 2013 at 14:03
Euro is seeing a bit of strength today, thanks to the latest news about the banking union. It’s not enough for the 17-nation currency to overcome its earlier losses to the dollar and the yen, but the euro is paring its earlier losses and looking toward the future.