The markets seemed to have disregarded the German Ifo Business Climate report as the Euro still managed to edge higher over the US dollar in the previous European trades, despite posting a fourth straight decline in August...
With the Euro Zone economy continuing to take a hit from the heightened uncertainty over a way forward for the debt crisis plaguing the region, the Euro is deemed to lose ground opposite the British pound today.
The Euro gained versus the US dollar in the previous European trading exchanges on developments in the Euro Zone and weaker job figures in the US, increasing speculations of another QE by the Federal Reserve. In today’s...
The Euro lost against the British pound before the release of Euro Zone’s manufacturing and services data, led by Germany and France’s PMI figures.
In the day’s exchanges of the NZD/USD, the New Zealand dollar is hoped to break out of its consolidation channel and make gains opposite the US dollar. The Kiwi currency looks to take advantage of economic releases...
In the previous European trading session, the Euro declined versus the British pound as recent enthusiasm for the former waned, following comments from German Chancellor Angela Merkel supporting the statements of European Central Bank President Mario Draghi.
German Chancellor Angela Merkel seemed to have done something significant for the Euro Zone as market sentiment was lifted because of her statement conveying support for the European Central Bank’s plan to intervene in the bond markets.
Weak economic data springing from Germany continued to put pressure on the Euro in the previous European trading exchanges, resulting to its loss of 30 pips versus the British pound.
Weak German and French economic fundamentals caused the decline of the Euro versus the British pound in the European trading exchanges yesterday. Industrial production in Germany fell in June, while France’s trade deficit widened in the same...
The Euro gained versus the Great British pound by 60 pips in the previous European trading session as measures aimed at triggering economic growth in the UK could not have been sufficient to pull the nation’s economy...
