US dollar is mixed today as Forex traders consider recent information, and try to come to decisions about what is likely next for the world’s currencies. There is a lot going on right now, and a lot of remarks from various world leaders to consider.
Greenback is mixed right now, thanks in large part to an interest in sifting through the information that has recently been released on a number of fronts. Last week, remarks by Taro Aso led to a stronger yen, but this week the US dollar is gaining against the Japanese currency. Pound remains hostage to disappointing economic data.
The dollar is lower against the euro, but seems to be paring some of its earlier losses. Concerns about Mariano Rajoy in Spain, as well as what’s next for Italy, are starting to tell. Additionally, it appears that, once again, eurozone leaders are in disagreement as to what to do next, with Francois Hollande calling for an exchange rate policy, and Angela Merkel focused on Japan.
All of this is leading to somewhat mixed results today as Forex traders ponder what could happen next, and how these moves could affect the currency market going forward.
At 14:11 GMT EUR/USD is up to 1.3385 from the open at 1.3371. GBP/USD is down to 1.5687 from the open at 1.5803. USD/JPY is up to 93.3250 from the open at 92.7580.
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