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Day: May 23, 2014
May 232014
Euro Continues to Fall, Reaching Three-Month Low Against Dollar
With each new piece of economic news that comes in, the euro struggles a little bit more. The 18-nation currency reached a three-month low against the US dollar, and continues to have difficulty against many of its other major counterparts. The latest news out of Germany is weighing on the euro, sending it lower against many of its major counterparts, including resulting in a three-month low against the US dollar. The Ifo index hit […]
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May 232014
US Dollar Gains Ground as Sentiment Continues to Improve
Even though US stocks have been struggling, sentiment continues to improve for the US dollar. The latest data has been reasonably positive. At least, it has been more positive than European data. There are expectations that the Federal Reserve will have to move forward with tapering efforts soon, and that is lending strength to the greenback. Yesterday’s initial jobless claims report from the US Department of Labor […]
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May 232014
Krona Falls Even as Swedish Consumer Confidence Improves
The Swedish krona fell today even as Sweden’s consumer confidence rose this month. The currency logged losses as some other indicators, including the ones for the economic tendency and manufacturing, worsened. The National Institute of Economic Research reported that the consumer confidence index ticked up from 99.2 to 100.4 in May. At the same time, the manufacturing index dropped from 102.3 to 94.5 and the Economic Tendency Indicator fell from 102.4 to 98.8 this month. […]
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May 232014
Thai Baht Falls After Military Seizes Power
The Thai baht fell today after the Thailand’s military seized the power after six months of political turmoil. Investors had mixed view on the news, meaning that the currency’s losses were not as big as they might have been. There are different views on what the event may mean to the economy and the currency of the country. Some experts think that the power-grab will lead to violence and a civil war. Others argue that this […]
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