Economic Recovery — News Archive


Japanese Yen Remains Soft Despite Pessimistic Mood

The market sentiment remained pessimistic, encouraging investors to stick to safer assets. But that did not help the Japanese yen, which was one of the weakest currencies on the Forex market during Thursday’s trading.

Euro Firm on Positive Market Sentiment & Good Data, Can Face Troubles in Future

The euro was firm today, rising against most of its rivals, though posting losses versus the Great Britain pound and the New Zealand dollar. Yet not all fundamentals were positive to the currency, and it may face troubles extending rally for the rest of the week.

Euro Falls Then Rallies Based on US Dollar Dynamics and Sentiment

The euro today fell against the US dollar earlier in the session before rallying higher later with its movements primarily driven by the greenback’s price dynamics. The EUR/USD currency pair’s was further encouraged by the positive investor sentiment around the €750 billion EU recovery fund, which was agreed on by European leaders at their summit.

Sterling Pound Falls on Brexit Jitters, Later Rallies on Reassurances

The sterling pound today alternated between losses and gains against the US dollar driven mostly by market sentiment given the empty UK dockets. The GBP/USD currency pair later rallied after the British government confirmed that it was committed to sealing a post-Brexit trade deal with the EU.

Sterling Falls on Rising COVID-19 Cases as Johnson Reopens UK Economy

The Sterling pound today failed to capitalise on the dollar’s overall weakness like other major currencies amid rising coronavirus cases in the UK that scared investors. The GBP/USD currency pair fell for half of today’s session before recovering during the American market on mixed US housing data to trade flat for the day.

Sterling Settles Near Opening Level After Rally

The Great Britain pound was rising today on signs of economic recovery, but retreated to settle near the opening level as Spencer Dale, Executive Director and chief economist of the Bank of England, signaled that reduction of monetary stimulus is not likely next year.

Pound Rises as Unemployment Claims Drop

The Great Britain pound edged higher today after employment data pleasantly surprised traders, adding to signs of sustainable recovery in the UK economy that has suffered from a period of recession previously.

Euro Heads Higher Against Major Counterparts US Agreement Nears

Euro is heading higher today, thanks in part to expectations of a debt deal in the United States, and in spite of continued questions about the eurozone economic recovery. Euro is gaining against its major counterparts as a bit of risk aversion makes an appearance on the markets.

Economic Outlook Helps the Loonie Against the Greenback

The Canadian dollar is getting some help against the US dollar today, thanks to the economic outlook, as well as a bit of risk appetite as tension in the Middle East ease a little bit. With expectations that the Canadian economy will be able to hold its own, the loonie is getting a little help.

Is the US Dollar Winning the Race to the Bottom?

Greenback is heading lower again today, dropping as risk appetite comes into focus. But, even without the good news that is driving risk appetite right now, there is a good chance that the US dollar would be showing weakness, thanks in large part to the current race to the bottom for currencies.