The Euro was hit yesterday with widespread selling pressure after ECB president Jean Claude Trichet announced a change in stance over current monetary policy. Interests rates in the Eurozone currently sit at 1.5% due to previous concerns over inflation risks. Despite inflation sitting above 2% and the ECB’s mandate to maintain price stability and control [...]
Euro in forex trading The euro is lower in forex trading on the currency market, thanks to continued fears about debt in Europe — and in other countries. Risk aversion continues to be the story today, meaning that the U.S. dollar is higher along with gold. Indeed, gold prices are rising as investors worry about [...]
The euro has slipped back below the $ 1.41 level versus the dollar, while also coming under some modest selling pressure versus the GBP, though not before hitting a five month high yesterday versus the UK currency. In terms of forex moves overnight, markets are reacting to comments from Fed officials suggesting that at least [...]