Even though there is something of a “risk on” attitude in the markets today, the euro isn’t benefitting. Indeed, euro is struggling today as concerns about an economic slowdown pile on top of worries about the sovereign debt crisis. Even though the Greek situation is resolved for now, some are wondering who might be next. Indeed, the director of the International Center for Money and Banking Studies, Charles Wyplosz, is certain that […]
Read moreThe New Zealand dollar climbed today after positive market sentiment, caused by hopes for the eurozone and anticipation of positive macroeconomic data from the United States, boosted global stocks. Traders were optimistic about the eurozone and the United States. The optimism about the US economy was well founded as US retail sales rose 1.1 percent in February, exactly as analysts predicted, while the January increase was revised from 0.4 percent to 0.6 […]
Read moreUK pound is gaining today, thanks in part to better than expected economic data out of Great Britain. Good news is helping the pound against the US dollar and against the euro. While there are still some hurdles for sterling, right now the outlook is pretty good. UK trade deficit data came in under the estimate, showing a narrower than expected gap. Instead of 1.9 billion pounds of deficit, […]
Read moreThe Japanese yen fell today versus the US dollar and the euro after European finance ministers agreed to provide a bailout for Greece and on speculations that US retail sales grew with faster pace last month. Greece will receive as much as ⬠130 billion from the European Financial Stability Facility during the next three years and the first portion of the rescue will be provided this month. Analysts predict that today’s […]
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