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UK Pound Mixed: Higher Against US Dollar, Down Against Euro

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UK pound is mixed against the other majors today, heading higher against the US dollar, even as the pound drops against the euro. Investors are awaiting UK data, which is expected to be weak.


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2 years 10 weeks ago – Made popular 2 years 10 weeks ago
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US Dollar Pulls Back as Forex Traders Get a Taste for Yield

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US dollar is pulling back today as Forex traders decide to go for a taste of yield. Over all, risk appetite hasn’t truly returned, but the US economy is just slow enough that many are re-evaluating their positions and paring back recent gains for the greenback.


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2 years 10 weeks ago – Made popular 2 years 9 weeks ago
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Uncertainty Sends Euro Lower

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Uncertainty about the fate of the eurozone is once again front and center in the markets, and that is sending the euro lower. The ECB has failed to act as quickly as many would like, and disappointing German data is dragging on the 17-nation currency.


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2 years 10 weeks ago – Made popular 2 years 10 weeks ago
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US Dollar Surges Ahead After Economic Data

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US dollar is heading higher today, surging ahead of its high beta counterparts as improved economic data is reported, and as risk appetite flees in the wake of disappointed ECB hopes.


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2 years 10 weeks ago – Made popular 2 years 10 weeks ago
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Japanese Yen Gains the Upper Hand as Traders Show Caution

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Japanese yen is gaining today, heading higher as Forex traders show caution. Concerns about what’s next for the eurozone are once again front and center in the markets. Yen is gaining as Forex traders reduce their riskier positions in favor of a more measured approach to the situation.


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2 years 10 weeks ago – Made popular 2 years 10 weeks ago
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Euro Slips as Traders Await Central Bank Moves

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After three days of rallying, the euro is slipping as traders await moves from the ECB to support the 17-nation currency. Last week, Mario Draghi indicated that the ECB is ready to take some of the burden of Italy and Spain, but many are still waiting for something substantial.


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2 years 10 weeks ago – Made popular 2 years 10 weeks ago
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US Dollar Pulls Back as Risk Appetite Makes an Appearance

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US dollar is pulling back today, thanks in large part to the appearance of risk appetite in the financial markets. Risk appetite has been building since the end of last week, and the greenback is lower as Forex traders look for better returns for their money.


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2 years 11 weeks ago – Made popular 2 years 11 weeks ago
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UK Pound Gets a Little Help from Economic Data

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UK pound is getting a bit of a boost today, thanks to the latest industrial production data. There was a decline, true, but the decline in production for June was less than expected. The news, along with a bit of risk appetite, is helping the UK pound against low beta currencies like the US dollar and the Japanese yen.


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2 years 11 weeks ago – Made popular 2 years 10 weeks ago
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US Dollar Looks for Gains against other Majors

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US dollar is looking at gains against high beta majors today, after seeing some weakness earlier. Some of the gains are being pared a little bit, but even with the expectation of good news in the eurozone, there are still doubts, and the US dollar is still being considered a safe haven.


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2 years 11 weeks ago – Made popular 2 years 11 weeks ago
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UK Pound Falls after Disappointing Housing Data

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UK pound is lower today, dropping to a one-month low against the euro and pulling back against the US dollar as the latest housing data disappoints. Pound is on the defensive in trading as the housing market in the United Kingdom continues to struggle, and as the economy languishes.


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2 years 11 weeks ago – Made popular 2 years 11 weeks ago
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