EUR/USD rose today more than twice as much as yesterday as the news about 2nd quarter U.S. GDP change spurred bullish confidence in the euro and other high-yielding currencies. EUR/USD is now trading near 1.4134. Advance estimate for the U.S. GDP change in the second quarter of 2009 came out at 1.0% decrease, which is better than the average forecast of 1.5% decline. But the first quarter’s GDP drop was negatively [...]

Euro continued to fall for a second day against the U.S. dollar today as the durable goods orders in U.S. unexpectedly fell at a very fast pace. This is the second day in a row with the bad macroeconomic statistics from United States. EUR/USD is now trading near 1.4099. Durable goods orders declined by 2.5% in June, following 1.3% growth in May. The market analysts expected a decline from this report but [...]

Emerging market currencies have soared over the last few months, thanks to a commensurate recovery in investor risk appetite. This trend is on full display in Eastern Europe, where, “The Hungarian currency, which has dropped 14 percent in the past year, has been the best performer in the past three months of the 26 emerging-market [...]