Euro is mixed today as Forex traders await data. Many are interested in what the revised CPI data will show for October, and there are concerns about what’s next for the eurozone economy moving forward.
November 15th, 2013 at 15:23
The latest home sales data is weighing on the Canadian dollar right now, contributing to its losses right now. Earlier, the loonie had been gaining ground on the prospect of continued stimulus in the United States, but there is enough doubt about the Canadian economy moving forward, and enough concern about the US economy that the loonie is heading lower.
November 14th, 2013 at 23:53
The US dollar continued to rise today after Federal Reserve Chairman nominee Janet Yellen said that asset purchases “will not continue indefinitely”, fueling speculations that the Fed will scale down its bond buying program. Gains were limited as US macroeconomic data was rather poor.
November 13th, 2013 at 14:35
There is a lot of uncertainty in the markets right now, and that is reflected in the situation with the greenback. The US dollar is mixed right now, tending a little higher in some cases. Mostly, though, the greenback is moving between gains and losses against its major counterparts.
November 12th, 2013 at 4:05
The Canadian dollar demonstrated a mixed performance today, falling against its US counterpart, rising versus the Japanese yen and staying flat against the euro.
November 11th, 2013 at 16:20
Greenback is turning in a mixed performance today as Forex traders process all the recent economic data from around the wold. There’s still a bit of strength for the US dollar from the recent payrolls report, but a bit of risk appetite is appearing on the better economic data out of China, and that is weakening the greenback a little bit.
November 08th, 2013 at 15:22
Euro is struggling against the US dollar today, heading lower as the economic situation in the eurozone raises questions. Euro is also barely holding its own against the UK pound, struggling as it moves between gains and losses today. Between the ECB rate cut yesterday and the downgrade to France’s credit rating, there is a lot weighing on the 17-nation currency right now.
November 08th, 2013 at 14:44
Today’s surprising payrolls report out of the United States is fueling speculation that the Federal Reserve could begin its taper as early as December. The latest report shows a surge in jobs, and that is leading some to believe that the easing policy will be lifted, which is very dollar positive.
November 06th, 2013 at 15:55
Positive data continues to come from the United States, feeding speculations about stimulus tampering by the Federal Reserve. Such talks are negative for riskier currencies, including the Indian rupee, which fell today.
November 06th, 2013 at 14:27
Risk appetite is making an appearance today, and that is sending the US dollar a little bit lower today. News out of China is driving some risk appetite, and for now there is more focus on high yielders than there is on what the Federal Reserve is planning.