Even though the euro has made up some lost ground recently, the 18-nation currency continues to struggle against some of its counterparts. Even with the euro catching up to the greenback, the US dollar is still expected to maintain the upper hand. Euro is slightly lower against its major counterparts today, but it has still made up some of its lost ground from before. German PMI […]
Read moreUK pound continues to gain ground today against the euro and the dollar, thanks in large part to expectations for the future, and the fact that policy divergence with the eurozone remains expected. The Scottish independent vote gave sterling a boost that is carrying over to today. The news that Scotland will not be leaving the United Kingdom gave the UK pound a boost at the end of last week, and some of that still lingers this week. […]
Read moreThe US dollar fell against the euro today following quite a nice report on the US housing market. The oil inventories report was not a good signal for the USD, but the main drop was undoubtedly caused by the new home sales report. New home sales were at a seasonally-adjusted annual rate of 504k in August. It is a significant growth from 427k units (revised positively from 412k) reported for July and is also […]
Read moreThe Australian dollar gained today, joining other currencies that reversed their previous losses and rallied. Domestic fundamental data also helped Australia’s currency to overcome its bearish momentum, at least for now. The Conference Board Leading Index for Australia rose 0.5 percent in July after increasing 0.2 percent in the previous month. Yet the report was not entirely positive, saying: The strengths among the leading indicators have become less […]
Read moreThe New Zealand dollar headed higher today with help of the positive trade balance data as well as due to speculations that the currency has fallen too far too fast. The New Zealand trade balance demonstrated a deficit of NZ$472 million in August, down from NZ$724 million in the previous month. Analysts expected an increase to $1.13 billion. Currently, there is a general trend on the Forex market for the currencies to reverse their movement as the US […]
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