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Day: March 7, 2014
March 72014
Euro Gathers Itself and Heads Higher
After a bit of choppiness earlier, in which the euro slipped a bit, the 18-nation currency is now gathering itself and heading higher. The idea that the ECB might not ease monetary policy any more is providing a great deal of support to the euro, and the currency is striving for highs not seen in more than two years. Euro saw a bit of a dip earlier today in Forex trading, but now the currency is moving […]
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March 72014
Dollar Index Slightly Higher on Jobs Data
The latest jobs data is in for the United States, and the good news is helping the dollar index. However, even though the greenback is finding a little bit of support, it is still rangebound in trading. The Labor Department released its jobs data for February, reporting that 175,000 jobs were added to the US economy during that month. Even though the greenback is largely rangebound right now, it is moving […]
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March 72014
Zloty Falls as Poland Considers Entering Eurozone
Poland is again considering shifting from the zloty to the euro as the crisis in Ukraine makes Polish politicians and people nervous. The zloty declined today. The country was delaying its entrance to the eurozone, but the current conflict between Russia and Ukraine may change this stance, at least according to the opinion of National Bank of Poland Governor Marek Belka. Prime Minister Donald Tusk downplayed such speculations, calling the talks “prematureâ. The zloty still […]
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March 72014
Ringgit Ticks Up as Traders Wait for NFP
The Malaysian ringgit rose against the US dollar today, following other Asian currencies in gains. There were speculations that the Federal Reserve will slow the pace of asset-purchases reduction, and such talks helped currencies of emerging markets to gain against the greenback. Forex market participants wait for today’s release of US non-farm payrolls, which are considered to be a good gauge of economic performance. Analysts predict that the report will show […]
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