US dollar is trading mixed today, and is mostly rangebound, as Forex traders await developments.
View detail |
Euro is steadying against the US dollar after an earlier spike on comments made by an ECB official.
UK pound is struggling right now, following earlier strength against the US dollar. UK retail sales data helped, but it hasn’t been enough for the pound to retain its gains against the greenback.
Canadian dollar is getting a little help today, heading higher after recent losses. The loonie’s success against the greenback is being helped along by higher commodity prices.
US dollar is losing ground today as risk appetite returns to the market. Greenback is higher against the yen, but down against high beta currencies, particularly the euro.
New Zealand dollar is getting a boost today, heading a little bit higher after yesterday’s drop. Kiwi is seeing some support, but more weakness could be ahead.
UK pound is struggling today, dropping as lackluster economic data continues to indicate that more stimulus is likely. This time, it’s about the unemployment numbers.
One of the more interesting currencies gaining ground right now is Bitcoin. This is a digital currency that provides users with a way to pay each other directly, without transaction fees.