EURGBP »

  • H.S. Borji

    The euro was trading at yearly lows against the US dollar Wednesday, as weak Eurozone consumer confidence data failed to provide relief. The EURUSD consolidated at 1.3467, little changed from the previous close. The pair bounced from an intraday low of 1.3455, as a light release schedule kept trade volumes light. The EURUSD faces initial

  • H.S. Borji
    Forex » Euro Pares Losses on Weak US Data
    H.S. Borji - July 18, 2014, 20:06 GMT

    The euro narrowed its losses against the US dollar Friday, rebounding from a seventh-month low as US consumer confidence unexpectedly declined this month. The EURUSD snapped a three-day losing streak, but is still on pace for a weekly loss of more than half a percent. The pair was trading at 1.3527, little changed from Thursday’s

  • H.S. Borji

    The euro traded steadily against its British counterpart Tuesday, as Germany’s trade surplus blossomed and UK factory output unexpectedly declined. The EURGBP advanced 0.1 percent to 0.7951 after treading water for much of the European session. The pair traded within a narrow range of 0.7926-0.7959. The EURGBP lost momentum at the end of last week

  • H.S. Borji

    The UK economy expanded at a steady rate in the three months through June, offering hope sustained growth will lead to a more balanced recovery throughout the year. The UK economy accelerated 0.9 percent between April and June, the National Institute of Economic and Social Research reported today. That follows a gain of 0.7 percent

  • H.S. Borji

    The euro fell to a fresh 21-month low against the British pound Friday, as the European Central Bank’s latest decision to keep rates at record lows contrasted sharply with policy developments from the Bank of England. The EURGBP pair tumbled for the fourth consecutive day, declining 0.1 percent to 0.7926. The pair has depreciated nearly

  • H.S. Borji

    The US dollar advanced against a basket of currencies Thursday, as US employers added more than 200,000 workers for the fifth consecutive month and the unemployment rate fell to a nearly six-year low. The US dollar index, a broad performance measure of the greenback’s strength against six commonly traded peers, advanced 0.31 percent to 80.20.

  • H.S. Borji

    The euro was on its heels Wednesday, declining against its US and British counterparts as the markets shifted their attention to the European Central Bank policy announcement. In economic data, the Eurozone economy expanded just 0.2 percent in the first quarter, the European Commission confirmed today. Year-on-year, the Eurozone economy expanded 0.9 percent. The figures

  • H.S. Borji

    The euro ended the week on a strong note after German inflation edged higher in June, rebounding from multi-year lows that compelled the European Central Bank to slash interest rates even further. German consumer prices rose at an annual rate of 1 percent in June, after falling to 0.9 percent the previous month, the Federal

  • Business » German CPI on Deck
    June 26, 2014, 22:31 GMT

    German data will take centre stage Friday when the Federal Statistics Office reports on consumer inflation. The reading is expected to show German inflation edged up slightly in June following a fresh multi-year low. Germany’s annual inflation rate fell to 0.9 percent in May, down from 1.3 percent the prior month, the Federal Statistics Office

  • H.S. Borji

    The euro advanced against its US counterpart Wednesday, exceeding the 1.36 handle amid signs German consumer confidence was improving, while US data gave mixed signals. The EURUSD climbed 0.26 percent to 1.3638, easing off an intraday high of 1.3651. The pair has advanced a quarter percent since June 20. The trend line shows initial support