The euro was gradually moving down for the most part of the week ahead of the next week’s monetary policy meeting of the European Central Bank. The currency sharply reversed its movement by the end of the week after the inflation report, which was received favorably by Forex market participants. The ECB is going to conduct a policy meeting next week and traders were worried that the central bank will add monetary stimulus to bolster the struggling recovery. … “Euro Trims Weekly Losses Ahead of ECB Meeting”
Month: March 2014
GBP Ends Session Higher vs. USD, Flat vs. JPY, Soft vs. EUR
The Great Britain pound ended the Friday session higher against the US dollar with the help of positive domestic fundamentals. The sterling was flat versus the Japanese yen and was not able to outperform the euro. The Nationwide House Price index continued to grow at the rate of 0.6 percent in February, which was the same as in January. The GfK UK Consumer Confidence Index stayed unchanged at -7 this month. Nick Moon, Managing Director of Social … “GBP Ends Session Higher vs. USD, Flat vs. JPY, Soft vs. EUR”