Eurozone consumer confidence came in below expectations for October, but it is still at its best since July 2011. Risk appetite is a little shaky today, and there are still questions about the sustainability of the eurozone’s economic recovery.
October 23rd, 2013 at 15:33
October 23rd, 2013 at 10:01
The Japanese yen jumped today on speculations that Chinese policy makers are going to perform monetary tightening. Such talks made traders nervous and drove them to seek safety.
October 21st, 2013 at 11:03
The Japanese yen slipped today as the nation’s trade deficit widened last month, giving incentive for the central bank to further ease monetary policy that is already extremely accommodative.
October 16th, 2013 at 5:33
Euro might struggling a little bit against the greenback still, but the 17-nation currency is hoping to see some improvement in the near future. The latest ZEW reading is at its highest point since April 2010, prompting hopes in a possible economic recovery for the eurozone.
October 08th, 2013 at 0:39
The Japanese yen rallied as fear of a potential default in the United States made Forex traders to flock to safer currencies. There were hopes that US politicians will reach a compromise soon, but now it looks like nobody is willing to give up first and the standoff continues.
October 07th, 2013 at 13:49
Euro is higher against the US dollar today, thanks in large part to the concerns related to the government shutdown and its effect on the economy. However, the 17-nation currency isn’t having as much success against other major currencies, as it heads lower against the pound and the yen.
October 03rd, 2013 at 15:23
Japanese yen is trading mixed today as concerns about what’s next for the United States takes center stage. News out of Japan is also affecting the Forex market, but mostly the focus is on the United States and the eurozone.
October 01st, 2013 at 15:48
The Japanese yen advanced today as the Tankan indices improved, suggesting that the measures to spur economic revival are working. The gains were limited though.
September 30th, 2013 at 15:58
Japanese yen is losing ground today following an earlier jump. Yen saw gains earlier as risk aversion set in, but now the yen is losing ground to some of its major counterparts. Yen is even down against the US dollar.
September 28th, 2013 at 2:34
The Japanese yen rose Japan’s Finance Minister Taro Aso signaled that there will not be tax cuts, increasing demand for the currency as a safe haven. Good macroeconomic data helped the currency too.