It has been a busy morning in the foreign exchange market for traders focused on anything but the euro. EUR/USD has been stuck in an extremely tight 50 pip trading range […]
With no major U.S. economic data on the calendar today, it has been a quiet North American trading session. The euro consolidated for most of the day, taking its cue from equities, which oscillated in and out of negative territory. Greece secured a second round of […]
For the past few weeks, investors around the world have been sitting at the edge of their seats waiting for a Greek debt deal. Now that Greece has finally secured a second round of financing from the Eurozone, the apathetic reaction in the euro may […]
It is already shaping up to be an interesting trading week. Over the weekend, the People's Bank of China announced another 50bp cut to their reserve requirement ratio, driving currencies sharply higher. In early Asia, the New Zealand dollar rose to its highest level in 5 months while th […]