Even with the latest economic data out of the eurozone, the 18-nation currency is gaining ground today. Evidence that the eurozone economy has stalled, prompting concerns about a return to recession, hasn’t been enough to dampen the euro today. Euro is heading higher against its major counterparts today, even after the latest data from the eurozone. Eurozone GDP has stalled, following a few months of weak growth. Even […]
Read moreUS dollar index is a little bit lower today, dropping after the greenback logged some serious gains earlier. There’s a correction under way as recent retail sales data remains strong in the minds of Forex traders. Things have been a little bit volatile over the last few hours, thanks in large part to repositioning, and speculation about the future. US dollar index has moved lower, even though the US […]
Read moreThe euro managed to rise against the US dollar in two notable jumps — first, when the German GDP growth rate was reported at -0.2% for the second quarter of 2014 (preliminary report). (Event A on the chart.) Second, when the US numbers on export and import prices and on unemployment situation were released. US import prices declined by 0.2% in July following 0.1% growth in May. The decline was expected by the market participants. Export prices did not […]
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