Economic news from the United States turned positive, increasing the attractiveness of the US currency. The dollar rallied against the euro yesterday and retained its gains today. The rally versus the Great Britain pound and the Japanese yen was more limited.
February 26th, 2014 at 14:26
Canadian dollar is mostly lower today, drifting a bit as Forex traders consider their next moves. Many traders are in wait and see mode, with data releases coming up and with questions about what’s next for the Bank of Canada.
February 25th, 2014 at 15:19
Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it.
February 25th, 2014 at 14:24
The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed.
February 24th, 2014 at 14:39
A higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable.
February 21st, 2014 at 15:36
Greenback is losing ground to enough currencies today that the US dollar index is heading lower. Helping the dollar move lower are gold prices, which are heading higher right now. The prospect of a commodity rally is weighing on the greenback a bit, since it often moves inversely to metals and oil.
February 20th, 2014 at 14:07
Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.
February 20th, 2014 at 2:12
The US dollar jumped against the euro after the Federal Reserve released its monetary policy minutes yesterday, but was flat versus the Great Britain pound and the Japanese yen. Today, the greenback continued to trade sideways against the sterling, but fell a little versus the euro and slumped against the yen.
February 19th, 2014 at 2:07
The US dollar continued to show strength versus the Great Britain pound and the Japanese yen, but was very weak against the euro as yet another bunch of worse-than-expected data from the United States hurt the appeal of the currency for investors who seek safety.
February 18th, 2014 at 14:44
UK pound is struggling today on the currency market. Even though the pound is higher against some of its low beta counterparts, the gains are relatively small, and they have come only after earlier losses. Inflation data seems to be the main culprit.