As the world continues along its arduous uphill climb toward recovery, there are a number of economies that are showing promise. For example, in the United States, one of the world's economic powerhouses, economic data indicate growth and recovery.
Still, the dollar continues to struggle as the GDP and inflation perspective are downgraded by the FOMC. Crude oil continues to hover around its highest amount of $86.75 per barrel since October of 2008. Gold has also continued to record gains, closing at $1,134 per ounce.
In Japan, growing exports continue to be the economy's saving grace and, although Japan isn't out in the clear just yet, the yen has been able to post improvements against the dollar. The USD/JPY forex trading pair traded at a low of 93.64 and a high of 94.37.
In Europe, Greece's debt crisis continues to weigh down the euro as investors do not know what to expect and how things will pan out. Still, other countries are showing growth, helping the euro stay afloat. The euro lost against the dollar with the EUR/USD forex pair trading at a low of 1.3354 and a high of 1.3496.
In UK, investors show concern over the unpredictable elections. While Construction PMI increased, the sterling fell against the dollar with the GBP/USD forex pair trading at a low of 1.5127 and a high of 1.5304.
Still, the dollar continues to struggle as the GDP and inflation perspective are downgraded by the FOMC. Crude oil continues to hover around its highest amount of $86.75 per barrel since October of 2008. Gold has also continued to record gains, closing at $1,134 per ounce.
In Japan, growing exports continue to be the economy's saving grace and, although Japan isn't out in the clear just yet, the yen has been able to post improvements against the dollar. The USD/JPY forex trading pair traded at a low of 93.64 and a high of 94.37.
In Europe, Greece's debt crisis continues to weigh down the euro as investors do not know what to expect and how things will pan out. Still, other countries are showing growth, helping the euro stay afloat. The euro lost against the dollar with the EUR/USD forex pair trading at a low of 1.3354 and a high of 1.3496.
In UK, investors show concern over the unpredictable elections. While Construction PMI increased, the sterling fell against the dollar with the GBP/USD forex pair trading at a low of 1.5127 and a high of 1.5304.