Safe Haven Currency US Dollar and Swiss Franc Falls Against Euro on Stimulus Speculations, Pound Sterling Lower as Bad Retaill Sales Data

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