The US dollar continued to edge higher against most of the majors as confidence mounts in the US economy’s recovery.  Yesterday it was a spike in the small business index reading which showed that confidence is spilling over to the smaller players of the economy. An article running in the Fina...

The currency cross continues to oscillate either side of this psychological level. Yesterday’s Eurogroup meeting failed to bring any real changes in the stated manifesto of tactics to help the region grow its way out of its current economic troubles. It was always unlikely that the 17 nations would...

The US dollar continued to edge higher after retail sales came in much better than expected (+0.3% versus -0.1%).  Data in the US is becoming a bit of a double-edged sword now as investors weigh the pros and cons of no QE. EUR/USD is sidelined at around $1.297 ahead of a fairly busy day on the...

The euro is trading below the $1.3 mark, as traders are worried that the eurozone gross domestic product (GDP) report on Wednesday will be weak. The eurozone is in a recession and dealers are predicting that the region will be seen to have remained in a period of negative growth following Wednesday...

Risk currencies struggled as the USD came back to life. EUR/USD is back below $1.30 and was relatively sidelined at $1.296 early in Asia.  The fall in EUR/USD was partly due to German trade balance and Italian industrial production data missing expectations. Later today we have China data whic...

The euro is lower against the US dollar so far today as weak economic releases from Germany and Italy drag on the currency. EUR/USD is trading at $1.3012, down 0.2%, after Germany revealed a smaller-than-expected trade surplus of €17.6 billion in March. Economists expected a trade surplus of €18 bi...

US dollar strength was the main theme in global markets, as investors responded to further evidence that the US economy is back on track. Comments by Philly Fed Member Charles Plosser suggesting the Fed should seriously look at tapering off on asset purchases also helped fan the greenback. EUR/USD ...

With both Germany and France closed for a bank holiday, it's been a particularly flat morning's trading in EUR/USD. Currency markets have had much to digest over the last week, with Poland, India, South Korea, Australia and the European Central Bank all cutting base rates this month. The long await...

When ECB President Mario Draghi cut rates last week, he emphasised that the bank is ready to do more should economic data continue to deteriorate.  As a result, the German data saw EUR/USD spike to $1.3195 before a slight pullback into the $1.3160 region. Later today we have the ECB monthly bu...