Budget — News Archive


EUR Strong vs. USD & GBP on Economic Sentiment & CPI

The euro rose against the US dollar and the Great Britain pound today as economic sentiment improved in Germany and the whole eurozone, while inflation accelerated. The currency was weaker versus the Japanese yen.

Signs of Budget Agreement Do Not Make Dollar Very Strong

There were signs that US politicians may reach an agreement about the budget. The dollar attempted to profit from the news, but was unable to demonstrate any real strength against the euro and the Japanese yen, though rallied against the Great Britain pound.

US Dollar Stronger on Prospects of Bond-Buying Reduction

The US dollar continued to rise today after Federal Reserve Chairman nominee Janet Yellen said that asset purchases “will not continue indefinitely”, fueling speculations that the Fed will scale down its bond buying program. Gains were limited as US macroeconomic data was rather poor.

US Dollar Loses Ground as Risk Appetite Surges

US dollar is losing ground as risk appetite takes over. After logging gains earlier, the greenback is pulling back as high beta currencies see demand. US stocks have sky rocketed higher, and sentiment is improving, thanks to improve hopes for a budget deal and a debt ceiling deal in the United States.

EUR/USD Gains on German Consumer Climate & US Budget Talks

The euro gained against the US dollar today as the German consumer climate remained positive and as the budget talks in the United States were hurting the greenback. The shared 17-nation currency was flat versus the Japanese yen and weakened against the Great Britain pound.

Yen Heads Higher, Even After 12 Trillion Yen Extra Budget

Yen is heading higher today, thanks in large part to a combination of risk aversion and consolidation. After last week’s heady risk asset gains, many Forex traders are taking their profits, and re-positioning themselves for whatever comes next. The current state of affairs means that the yen is higher today, in spite of Japan’s latest budget announcement.