Yearly Archives: 2012

Both the U.S. Dollar and the Euro slipped in Asian trade as dismal economic data raised investors’ expectations of a more accommodative stance from both the Federal Reserve and the European Central Bank. Continue reading →

The Euro slipped in Asian trading today, giving up some of the gains made on Friday, which wound up being the largest single day rally in nearly eight months and attributed primarily to the euphoria following positive news from the E.U. Summit. Continue reading →

The Euro is poised to have its largest 1-day rise in nearly eight months as E.U. leaders are expected to announce later today that they have agreed to create a common supervisory body which will oversee the Eurozone’s banks and permit them to recapitalize directly via the EFSF and not through governmental channels. Continue reading →

The common currency remains on hold close to a 3-week trough against the U.S. Dollar but a sell off is capped as investors are cautiously optimistic of a surprise to the upside from the E.U. Summit which starts later today. Continue reading →

The common currency edged higher in Asian trading today after striking a 2-week trough yesterday, but analysts say that gains were capped as hopes that the upcoming E.U. summit could offer any positive outcome were dashed. Continue reading →