Currency News

EUR/USD pair fell after the release of German and French economic data

After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […] Read more

Sterling has reached two-week low versus US dollar before inflation report

The brittish pound has slided to a two-week low versus US dollar with investors diminishing their United Kingdom currency portfolios in expectation of the inflation report by Bank of England, to be released tomorrow. This over 2% fall of the sterling comes after the GBP/USD May 1 high 1.5606. Bloomberg reported, that Bank of England […] Read more

Eurozone’s economic data posed a subtle influence on the EUR/USD

During the trading session earlier today the EUR/USD pair changed slightly with investors, remaining cautious, right after the release of ZEW indicators and industrial production data in the Eurozone. The EUR/USD cross fell to 1.2946, followed by consolidation at the 1.2975 level. The pair was expected to receive support at April 5 low 1.2903 and […] Read more

Charles Plosser announced that inflationary slow down may not turn out to be a trouble for FED’s policy

The President of Federal Reserve Bank for Philadelphia Charles Plosser announced that the slow down in the US inflation to the lowest rate in three years may not be a concern for Federal Reserves policy, Bloomberg reported. Should inflation expectations begin to fall, we might need to take action to defend our inflation goal, but […] Read more

US Business Inventories without change on a monthly basis, retail sales unexpectedly rose

Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data […] Read more

France’s economy is expected to mark an increase of 0.1% during Q2, Bank of France stated

Bank of France has suggested, that Eurozones second economy is going to expand during Q2, as the major indicator, evaluating the business confidence in the countrys industrial segment has improved. The central banks forecast envisions that Frances economy is going to expand by 0.1%. The business confidence in industry has increased up to 94 points […] Read more