Daily forex news for today, from the biggest single currency EUR, Euro is giving up its earlier gains against the US dollar today as better news out of the United States gives the USD the edge. With the latest retail sales data, the US economy appears to be in a better place than the eurozone economy and of course always better than Eurozone I think, and that means that the euro is losing ground to the dollar.
Many investors and forex traders give more expectations that stimulus measures will be forthcoming, and that central banks around the world will act to boost the global economy and stave off a eurozone collapse, are helping high beta currencies today, and sending the Japanese yen lower
From Ontario forex news, The Canadian dollar fell yesterday, following the drop of stocks, and remained weak today as concerns for global economic growth return to investors. The currency managed to advance versus the Japanese yen today, even though it has posted losses yesterday, hope can be rebound tomorrow
Eurozone currency EUR ended Monday's session higher against major currencies and kept the gains today. Yet Forex traders are worried that today's macroeconomic reports would show rather unpleasant picture of the eurozone economy, sending the currency down again and again
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