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Day: September 19, 2012
September 192012
Euro Slips Against the Dollar, But Remains Just Above 1.30
Euro is slipping a bit against the US dollar, heading a little lower, but the 17-nation currency continues to hold on to the 1.30 level. Selling pressure is building, though, as weak economic data and continued inaction from eurozone leaders weighs on the euro. Concerns about what’s next for the eurozone continue to weigh on the overall performance of the euro, and add to future uncertainty. The latest economic news out of the eurozone, showing Construction Output, was disappointing, […]
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September 192012
Aussie Gets Boost from News Out of Japan
Australian dollar is getting a boost today, heading higher after the Bank of Japan announced a plan to further ease the situation for the yen. The move is expected to help the Japanese economy, and the Australian dollar is getting a boost, similar to the gains seen at the end of last week with the quantitative easing announcement from the United States. Aussie is seeing some support after losing ground earlier this week. Yesterday, the news about […]
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September 192012
EUR/USD Rebounds on Improving US Housing Stats
The euro stopped its fall against the US dollar today after unsuccessfully trying to continue this week’s trend. Two sets of housing statistics were released in the United States today and both have managed to move the EUR/USD up from its downward trend. The currency pair did not pay much attention to today’s oil inventories report by the US Department of Energy. Housing starts went up from 733k (revised […]
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