US dollar got a bit of a boost earlier today against its high beta counterparts, thanks to concerns about what’s next for the global economy.
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Japanese yen is higher today as Forex traders and other think about last week’s policy decisions and economic data.
The US dollar index is lower for now, but more support for the greenback might be in the future if the economic situations in the eurozone and the United Kingdom don’t improve anytime soon.
Euro is lower today, thanks in large part to the latest development in the court complaints against the ECB’s bond-buying plan. With concerns over the program, and with worries about the sustainability of the eurozone’s fledgling economic recovery, the euro is struggling on the currency market today.
There has been some good news out of the eurozone, with Ireland and Spain exiting their bailouts, but there are still plenty of troubles and the European economic recovery may be far from certain.
Is the US dollar getting ready for a revival? With a recovering economy, the United States looks poised to surge ahead of other economies, and the greenback is reclaiming its strength as a premier world currency.
Over the past few years, a number of currencies have done what they can to weaken a bit in order to stimulate economies and gain an edge in global trading. Now it appears that Canada is ready to play that game, and the loonie is lower as a result.
UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news.
Canadian dollar is inching higher against its major counterparts, gaining ground as Forex traders consider their positions, and as the situation changes for the currency.