Even with concerns about deflation and a stagnant job market, the euro is moving higher today.
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The US dollar is slipping today, heading mostly lower as the latest economic data disappoints. Concerns about the still-slow economic recovery continue are holding the greenback down right now.
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UK pound is pulling back today, following a strong run earlier. Sterling has been enjoying unprecedented strength, and is now taking a bit of a breather as traders and others re-assess the situation.
US dollar is heading higher again today, gaining against its major counterparts as European currencies struggle. Positive economic data in the United States is helping, as are concerns about what’s next for some of the European currencies.