Daily forex news for today, Uncertainty about the fate of the eurozone is once again front and center in the markets, and that is sending the euro lower. The ECB has failed to act as quickly as many would like, and disappointing German data is dragging on the 17-nation currency.
Greenbuck US dollar is heading higher today, surging ahead of its high beta counterparts as improved economic data is reported, and as risk appetite flees in the wake of disappointed ECB hopes.
Finally The Japanese yen advanced today after the Bank of Japan refrained from stimulating the nation's economy and left its monetary policy unchanged. Earlier, the currency weakened as the Asian stocks rallied, reducing demand for the safety of JPY
From Sidney daily forex news, The Australian dollar gained against its New Zealand peer as employment data in Australia was better than expected, while employment in New Zealand disappointed Forex market participants who expected an improvement of New Zealand's labor market
Meanwhile from Kiwi's currency, The New Zealand dollar weakened today after the bad employment data showed that optimistic expectations of analysts were totally unwarranted. The negative report sapped strength from the New Zealand dollar that was already weakening
From London forex news, GBP The Great Britain pound erased its earlier losses today after Bank of England Governor Mervyn King signaled that the central bank may refrain from lowering interest rates even as outlook for the UK economy remains gloom
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