Forex Bazaar

On the global forex market today, the European single currency increased its last week’s gains further, adding 0.7 percent against the US Dollar and 0.2 percent versus the Japanese Yen. It is said that the Euro’s good performance is due to the results of the stress tests and quite strong economic data in the Eurozone.

The greenback fell across the board in response to the sudden increase of the house market and the corporate earnings in the USA.

The Chinese Yuan rose, however, China’s expanding economy may cause a fast inflation increase.