The euro has been bouncing up and down on words from European leaders. The euro regained ground against the greenback yesterday after an ECB policymaker soothed investor concerns that officials might take steps to undermine the currency’s recent strength. ECB member Ewald Nowotny said the exchange rate was “not a matter of major concern”, contrasting with comments from Eurogroup head Jean-Claude Juncker who on Tuesday prompted investors to sell the euro by saying it was “dangerously high”. The euro is trading at 1.3280 as it continues to lose momentum against the US dollar. There is no eco data due in the zone today. Yesterday, the Federal Reserve presented the “Beige Book” which showed the US economy is good shape and “expanding”. Continue Reading...
Thursday, January 17, 2013
The EUR/USD Wanes As World Bank Lowers Growth and Forecast
The euro has been bouncing up and down on words from European leaders. The euro regained ground against the greenback yesterday after an ECB policymaker soothed investor concerns that officials might take steps to undermine the currency’s recent strength. ECB member Ewald Nowotny said the exchange rate was “not a matter of major concern”, contrasting with comments from Eurogroup head Jean-Claude Juncker who on Tuesday prompted investors to sell the euro by saying it was “dangerously high”. The euro is trading at 1.3280 as it continues to lose momentum against the US dollar. There is no eco data due in the zone today. Yesterday, the Federal Reserve presented the “Beige Book” which showed the US economy is good shape and “expanding”. Continue Reading...
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