The euro is heading higher today, gaining against most of its major counterparts and surging against the US dollar. Even the disappointing news about the German ZEW isn’t stopping the euro today.
February 18th, 2014 at 0:00
The US dollar started the week fairly strong against most major currencies, though it was flat versus such currencies as the euro and the New Zealand dollar. The major highlight of this week will be the minutes of the latest Federal Reserve monetary policy meeting.
February 14th, 2014 at 15:24
The US dollar index is heading lower today, dropping as better news arrives from Europe. As the situations in the United Kingdom and in the eurozone improve, and as US data misses expectations, the greenback is struggling.
February 14th, 2014 at 14:25
The euro touched a three-week high against the US dollar earlier in trading, thanks in large part to the latest GDP numbers out of Germany and France. Eurozone GDP for the fourth quarter of 2013 benefited from this development, and the euro received a boost.
February 13th, 2014 at 14:02
Greenback is lower today, thanks to the latest economic news. Disappointments in the jobless claims report and in the latest retails sales data are weighing on the US dollar. There are also worries that the world’s most popular currency might be losing some of its appeal.
February 12th, 2014 at 12:20
It’s been an interesting few days for the loonie, and today the Canadian currency is mixed on the Forex market. However, even with the mixed performance, the Canadian dollar is mostly higher against its major counterparts.
February 11th, 2014 at 14:47
Greenback is struggling today as it looks as though the Federal Reserve’s low-rate policy will remain in effect for some time. Janet Yellen’s testimony before Congress has many looking toward the future, and trying to figure out how the Fed’s tapering efforts will proceed.
February 11th, 2014 at 13:51
It might be a slow improvement, but the eurozone economy is showing signs of recovery. The eurozone GDP did rise a little bit in the third quarter of 2013, and Mario Draghi and the rest of the ECB are confident enough that they haven’t taken further moves to boost the economy. As a result, the euro is gaining ground today, especially against low beta currencies.
February 10th, 2014 at 14:44
US dollar got a bit of a boost earlier today against its high beta counterparts, thanks to concerns about what’s next for the global economy. A lot of data misses last week have many concerned about what could be coming, and that means safe haven demand and a higher greenback. However, US dollar is falling a bit now.
February 10th, 2014 at 14:27
Risk aversion is back, and that is weighing on high beta currencies while giving safe haven currencies, like the yen, a boost. Indeed, Japanese yen is higher today as Forex traders and other think about last week’s policy decisions and economic data.