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Day: August 4, 2015
August 42015
Preparing for a Potential Euro Selloff
Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis. Even though some think that the euro has mostly decoupled from the Greek […]
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August 42015
Lower Construction Data Doesn’t Do Much to Disrupt Sterling
Sterling is a little lower against the euro today, following lower construction data. However, the pound is quickly overcoming some of its losses and the overall strengthening trend for the currency doesn’t appear to be very diminished. The latest construction PMI data out of the United Kingdom came in lower than expected. As a result, the sterling has dropped slightly against the euro. However, other than that minor disappointment, the UK pound hasn’t […]
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