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Day: September 25, 2012
September 252012
Euro Recovers from Earlier Lows to Move Higher
Euro is recovering today, and moving higher, after earlier lows against the US dollar. Concerns about the eurozone have melted away as risk appetite makes an appearance, and as the US dollar and other low beta currencies turn lower. Earlier, the euro touched a two-week low against the Japanese yen, and moved lower against the US dollar. Concerns about the latest economic news out of Germany weighed on the euro. The latest German consumer […]
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September 252012
Japanese Yen Weakens against European Currencies
After showing general strength earlier, the Japanese yen is now weakening against its European counterparts. Yen is still stronger against the US dollar, but against the euro and the United Kingdom pound, the Japanese yen is lower. Japanese yen is weakening right now, following comments by outgoing finance minister Jun Azumi. Azumi is leaving the Ministry of Finance in Japan, but he was very clear […]
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September 252012
EUR/USD Rises Through the Day, Jumps on Consumer Confidence
The dollar was falling against the euro for almost whole day today. It managed to rebound following the favorable housing report from S&P/Case-Shiller, but the US consumer confidence release pushed the currency pair up again. S&P/Case-Shiller home price index showed a monthly growth from 141.5 in June to 142.1 in July. The yearly growth of the seasonally-adjusted price index is 1.1%. (Event A on the chart.) Consumer confidence soared from 61.3 to 70.3 […]
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