Forex Blog

The dollar outperformed virtually all of the 16 main traded currencies as domestic reports ranging from manufacturing to housing showed better than expected numbers for the U.S. economy, boosting attractiveness for assets in the country as the economic growth accelerates. The euro erased yesterday’s gains as the EU is unlikely to fund a bailout for Greece to solve its…

Once again Greece’s economic situation influenced the EUR/USD currency pair setting it down after several days of gains for the European common currency. Even if the U.S. didn’t provide positive data today, the euro remained less attractive as ECB officials and Angela Merkel showed concern regarding Greece’s raising…

The EUR/USD currency pair dropped to the lowest levels since early October today as the fundamental indicators in U.S. showed that the country is performing better than the traders and the investors expected previously. Although the Wall Street is trading quite mixed, the dollar is performing well against everything on Forex. EUR/USD is…

EUR/USD had a mild advance today after losing sharply in yesterday’s session, as European quarterly growth figures were positive. The U.S. trade balance deteriorated even further from the past month, in a week marked by extreme volatility in the pair and lack of a consistent trend. EUR/USD is trading at 1.4873 from virtually…

EUR/USD rose to its maximum level in more than a year today as the set of the fundamentally stimulating reports moved the global stock markets up, lowering the attractiveness of the U.S. dollar as a reserve currency. Along with the better than expected macroeconimical statistics and the FOMC minutes release, EUR/USD was also spurred by…

EUR/USD was rising every single trading day this week despite rather poor dynamics of the U.S. macroeconomic indicators. We received a series of important reports this week and they mostly failed to support the dollar. EUR/USD is now trading near 1.4591 after opening at 1.4304 on Monday.

U.S. export…

The dollar continued its decline against the European currency today even after the macroeconomic reports from U.S. showed a rather bad performance for the economy which is said to be the ”first out” of the crisis. The traders are probably still inspired by the positive GDP reports from Germany and France. EUR/USD is…

The  U. S. dollar rose against the euro today as the currency market participants reacted to the improved trade balance deficit report, which showed another decline for the month of May. Also the whole recent trend for going into safer assets is still in its power, helping such currencies as the dollar and the yen to compete in Forex.…

The euro fell against the dollar at a fastest pace since late March today as the U.S. fundamental indicators signaled a deepening of the recession. The traders now favor safety over gain. EUR/USD is now trading near 1.3785.

New York Empire State Index declined from -4.5 to 

Euro fell today against the U.S. dollar as the retail sales unexpectedly continued to drop despite the increase of both import and export prices. Other global fundamental factors also pressed on the euro, helping the greenback to almost fully recover after a minor loss yesterday. EUR/USD…