US dollar is gaining ground after pulling back against the euro earlier. Greenback is now gaining the upper hand against many of its major counterparts. Risk appetite is fading, even with the latest German GDP news, and the US dollar is beginning to eke out some gains against other major currencies.

Earlier, the US dollar pulled back against the eu

UK pound is declining today, especially against the euro, as the latest news indicates that the eurozone is likely to avoid a recession. The pullback in the pound is not limited to its performance against the euro, though. The British currency is also down against the US dollar as Forex traders re-evaluate recent gains made by the pound.

UK pound

The euro rose today, rebounding from the lowest level in several months, as Germany’s economy grew last quarter, easing worries about the negative impact that the credit crisis has on the eurozone economy.

Gross domestic product of the eurozone biggest economy rose 0.5 percent last quarter, according to the preliminary estimate, compared

(eToro Blog) Ahead of the Facebook IPO – due to launch within the next few days – the heat’s been kicked up a notch and appetite for social networks stock whetted on the news that Groupon’s share price rose 18.54% in the overnight hours. According to the press release, Groupon’s first quarter profits beat expectat

(eToro Blog) At last a bit of good news on the Eurozone economic front; Germany’s Federal Statistics Office reported earlier today that GDP for the Eurozone’s economic powerhouse rose by 0.5% in the first quarter, well above the 0.1% forecast by analysts and a marked improvement of the 0.2% contraction in the las

The Brazilian real fluctuated today as Brazil’s government indicated that it is not going to intervene in the exchanged markets in order to support the currency. The willingness of the government to allow the currency to weaken harmed the real, but it recovered later.

Finance Minister Guido Mantega said that the stronger dollar is good

The Canadian dollar fell against its US counterpart and the Japanese yen as the threat of Greece exiting the eurozone weighed on commodity currencies. On the other hand, the loonie gained versus the euro.

Canada is lucky to have the United States as its largest trading partner, not the European Union as many other export-oriented countries. The US