US dollar is trading mixed today, and is mostly rangebound, as Forex traders await developments. There is plenty to consider right now, between speculation of an ECB cut and interest in continued earnings reports.
Greenback is higher against the euro today, gaining as speculation that the European Central Bank will be forced to cut rates as economic news out of Germany continues to worsen. US dollar is lower against the UK pound, though.
There is a bit of risk aversion in the currency market, and that is leading to flows toward low beta currencies like the yen. Dollar is down against its Japanese counterpart for this reason, even though at some point the yen is likely to weaken.
Greenback is higher against the euro today, gaining as speculation that the European Central Bank will be forced to cut rates as economic news out of Germany continues to worsen. US dollar is lower against the UK pound, though.
There is a bit of risk aversion in the currency market, and that is leading to flows toward low beta currencies like the yen. Dollar is down against its Japanese counterpart for this reason, even though at some point the yen is likely to weaken.