For a while, the value of the sterling and the euro had not been performing well against the greenback. The dollar was not letting both the currencies recover as the US economy has kept moving in the positive direction.
The Sterling and the Euro Recover
Finally, both the currencies have started to make a move in the positive direction. The report shows that in the forex exchange market, the values of the sterling and the euro are growing in power.
This is because the investors are finally regaining their lost confidence in the UK and the European economies. Both regions have started moving in the right direction, making the right decisions.
Therefore, the sentiments of the investors towards taking risks are rising. The investors are no longer afraid the same way they were afraid about investing in both the currencies a few days back.
By now, it seems that the investors have had enough of accumulating the USD versus the two major currencies. Now, the investors want to see a shift in the trading values and demands for the respective currencies.
Therefore, they have started to invest heavily in both currencies, which has ultimately weaken the trading price of the dollar.
Morale is Improving
The monthly survey was carried out among the investors about their morale in the European and the English economies.
The survey results show that compared to the month of October, the morale of the investors has risen in the European and the English economies in November.
This means that the forex brokers would be witnessing strong investments coming in favor of both the currencies and pushing them to higher levels.
Price Actions of EUR & GBP
According to the latest trading sessions, the value of the euro has risen 0.69% versus the value of the dollar. It is currently trading at a high of $1.0029 versus the dollar.
The GBP has also performed well, experiencing a 1.40% surge versus the value of the dollar. At the time of writing, the value of the sterling versus the dollar is 1.1534.