The UK pound can’t seem to gain the upper hand against the euro today, even though the eurozone remains in turmoil.
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Euro is a little lower today against the US dollar, thanks in large part to a round of profit taking from Forex traders anxious to lock in gains seen last week during the 17-nation currency’s spectacular rally.
With the world economy looking a little better, with help from the latest news out of the United States as well as earlier news from China, optimism is driving interest in risk assets like the euro.
Euro is heading higher today as better news helps spur risk appetite. Euro is finding support as the Spanish bond auction outperforms expectations, and as US jobs data shows improvement.
Euro is getting a boost today, thanks to improved hopes and expectations for the eurozone. The ECB made its interest rate announcement today, and that has calmed Forex traders to some degree, and boosted the optimism toward the 17-nation currency zone.
Euro is slipping today, heading lower as data indicates that the eurozone most likely slipped into recession during the third quarter. Also weighing on the euro is the continued efforts by Spain to put of the inevitable before it finally asks for aid.
For weeks now, eurozone leaders and others have been waiting for Spain to ask for a bailout. Spain has even been encouraged to ask for a bailout. But the country’s leaders have been reluctant. Now, it looks as though Spain might be ready, and the euro is heading higher as a result.
Euro has changed direction and is heading lower today against the US dollar. Earlier, the 17-nation currency had the upper hand, but optimism is fading and the euro is slipping.
Euro is recovering today, and moving higher, after earlier lows against the US dollar. Concerns about the eurozone have melted away as risk appetite makes an appearance, and as the US dollar and other low beta currencies turn lower.
Euro is getting a bit of a boost today, heading higher as optimism about Spain becomes the focus today. Also helping matters for the euro against the US dollar is the continued strength of gold, thanks to its use as an inflation hedge.