Currency News

Euro zone’s Construction Output sunk again

Earlier today was reported, that construction sector in the single currency zone continued to contract for the fifth month in a row. It turned out to be the most prolonged decline in economic activity in the region since World War II. Published official data showed, that Construction Output sunk by 1.7% during March, deepening compared […] Read more

EUR/USD pair weakened positions, traded in 1.2860-85 zone

During early European trade session the euro currency retreated against the US dollar, as trade was set in the 1.2860-85 range, while yesterday the pair reached 1.2930 after the release of weak economic data from the United States. US dollar decreased its value in relatively short-term, because of disappointing labour market data, after which during […] Read more

US dollar near ten-month highs against major currencies in expectation of FED’s decision

During Friday trade the US dollar was on its way towards 10 month high against a basket of major currencies, after the president of Federal Reserve Bank for San Francisco, John Williams, announced FEDs intention of a possible exit of the easing program by the end of this year. Most investors saw similarity between John […] Read more

Philadelphia FED Index dropped into negativity

According to official data, published earlier today, business activity amongst the Philadelphia manufacturers declined during May. Philadelphia index sunk to -5.2 points during May, while a month ago the reading showed +1.3 points. Results stated, that most of the featured companies gave negative forecasts about future development of their business. Experts estimated the value to […] Read more

Jobless Claims in United States rose during last week

Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market. Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated […] Read more

Wolfgang Schaeuble stressed, that a possible decrease in base interest rate by ECB, won’t have any relief on small and medium enterprises

Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […] Read more

Dollar continued trading close to four and a half year high versus Yen, while euro currency weakened

Thursdays trade marked a close to 4,5 year high movement of the USD/JPY, after the reported exceedingly strong economic growth from Japan than estimated. During the late European trade session the pair gained almost 0.40%, reaching 102.59-60. It was announced that Japan achieved a 0.9% increase in its GDP during the first quarter of the […] Read more