After showing signs of mild recovery, the latest economic data out of the United Kingdom is proving disappointing. The result of the latest retail sales data is a lower pound, and speculation that things might not be turning around after all
Eurozone currency EUR Euro is gaining ground today, heading higher as Ben Bernanke's testimony to Congress gets under way. Expectations of loose monetary policy in the United States are helping the euro today
Safe haven currency CHF The Swiss franc fell against the euro today, extending yesterday's drop. The currency recovered a bit against the US dollar following the decline on the previous session and advanced versus the euro
Meanwhile, The US dollar fell against the euro today on speculations that the Federal Reserve will maintain its stimulus program. The currency edged higher versus the Great Britain pound and the Japanese yen
Source: forex news
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