The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the
On Wednesday the single European currency rose 0.26% against the Greenback and posted the third consecutive day of gains against this currency, as surprisingly negative fundamental statistics from North America forced the US dollar to deteriorate versus its major peers. For the first time since early September initial unemployment claims in the US broke above the 300,000 threshold, rising to
On Monday the shared currency advanced 0.41% against the Greenback, while unexpectedly positive statistical data from Germany contributed to the Euro's increase versus all major currencies. Ifo Business Climate in Europe's largest economy went up to 104.7 points in November, even though analysts on aggregate predicted this indicator to deteriorate for a sixth consecutive month. At the same time, more
Yesterday the Pound gained 0.34% against the US Dollar, although the informational background was quiet. The only important data released were the German Ifo Business Climate that is not directly impacting this currency pair. However, there are more important data to come on Tuesday - UK inflation report hearings and US prelim GDP. The US labor and retail markets continue