FOREXYARD: Forex News Blog | |
| Posted: 28 Feb 2012 04:48 AM PST
The euro is experiencing a rise thus far today against the greenback and the Japanese yen. Currently, the EUR/USD is trading around $1.3455 which represents a rise of 0.4 percent for the day. Against the yen, the euro is hovering around 108.58 as of this morning. Analysts are attributing this to an upcoming decision by the ECB on whether or not to inject millions of euros into the economy. Regardless of the outcome, there are still lingering doubts about the strength of the euro. The euro zone is still not out of the woods with the Greek debt crisis and it remains to see how this will turn out for the single currency. Read more forex news on our forex blog. |
| Posted: 28 Feb 2012 02:03 AM PST
After hitting a nine month low, the Japanese yen has bounced back somewhat. A series of measures taken by the Bank of Japan to inject millions of yen into the Japanese economy weakened the currency, as intended. As of this morning, the yen is trading near 80.44. It rose briefly above this point yesterday against the greenback but it has since fallen back somewhat. The drop was the sharpest the yen has experienced in nearly two years. Despite, the brief reprieve analysts are still speculating whether we’ve reached the bottom of this fall. As trading unfolds throughout the day be sure to keep an eye on which way this trend moves. Read more forex news on our forex blog. |
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