Higher home prices are helping the UK pound against the euro today. Even though the pound is down against the dollar and the yen, it is finding success against the euro. Sterling is heading higher against the euro today, thanks in part to higher home price expectations. The Royal Institution of Chartered Surveyors reported that its UK home price gauge rose to 44 in July. This is a one-year high, […]
Read moreThe recent news of yuan devaluation took its toll on the greenback, but now the US dollar is coming back, thanks in part to helpful economic data. Yuan devaluation helped prompt a selloff in the US dollar, but now the greenback is making a comeback. The latest retail sales data for July indicate solid consumer demand and spending. Hopes that the US economy will keep moving forward — and that the Federal Reserve won’t […]
Read moreThe US dollar gained versus the euro for the most part of the daily trading session today. The EUR/USD drop deepened when the biggest part of the US data was out despite the fact that it was not that great. The recovery began soon after, but stalled after the remaining fundamental indicator had been released. Initial jobless claims were at 274k last week, up from 269k of the previous week and slightly […]
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