German Data Leads to Additional Euro Losses
Disappointing German data sent the euro to fresh lows against the USD during European trading yesterday. In a sign that even the euro-zone's biggest economy was not immune from the region's debt crisis, the German Flash Manufacturing PMI and Ifo Business Climate both came in significantly below expectations. As a result, the EUR/USD dropped as low as 1.2515, close to a two-year low. As we close out the week, traders will want to continue monitoring any developments out of the euro-zone. Any new negative developments could send the common currency below $1.2500 before markets close for the week.
| Full article | | | Forex News Archive |
JPY Dropping Further
The euro made significant gains against the yen as the Japanese currency continues to drop further than analysts predicted. As of early Monday afternoon, the euro was trading against the yen at a rate of 109.81. This marks a five month high for the EUR/JPY pair.
| Full article | | | Forex News Archive |
| USD Daily News | EUR Daily News | |
| Safe-Haven USD Sees Additional Gains | EUR Drops Once Again Following Negative Data | |
| JPY Daily News | Commodity Daily News | |
| Risk Aversion Causes AUD to Remain Bearish | Crude Oil Hovers Close to $90 a Barrel | |
Forex Blog by FOREXYARD
Market Review 23.5.12
Fears of a Greek exit from the euro-zone brought the EUR/USD within range of a four-month low yesterday. Facebook dropped another $2 a share during overnight trading while crude oil is trading below $91 a barrel.
Full article
Add events to google calendar
Mark all
Unmark all
Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 05/28 | ||||||||
| 00:30 | JPY |  Household Spending | 3.4% | - | - |  | ||
| 00:30 | JPY | Unemployment Rate | 4.5% | - | - |  | ||
| 00:50 | JPY | Retail Sales | 10.3% | - | - | | ||
| 05/29 | ||||||||
| 07:00 | CHF | UBS Consumption Indicator | 1.22 | - | - | | ||
| 07:00 | EUR | German Import Prices | 0.7% | - | - | | ||
