Category Archives: News

With market players biding their time as they await the U.S. non-farms payroll data which will be released later in the trading day, the Euro struggled to gain any footing in Asian trading. Economists expect that the U.S. Labor Department will report t… Continue reading →

The Euro received a major lift yesterday following the announcement that the major central banks would coordinate efforts to ensure that there would be no dearth of global liquidity as a result of the ongoing Eurozone crisis. Continue reading →

The markets’ continuing skepticism as to whether a possible solution to the Eurozone debt crisis will be found by the region’s finance ministers meant that the Euro remained under pressure in Asian trading Continue reading →

With investor hopes still pinned on the Eurozone’s leadership to craft a solution to the ongoing debt crisis saga, the common currency moved higher against the U.S. Dollar in Asian trading, consolidating Monday’s gains. Continue reading →

Investor’ short covering helped to push the Euro higher earlier in the in Asian trading following an initial and uncredited report in an Italian newspaper which said that the International Monetary Fund was arranging an assistance package for Italy. Continue reading →

The Euro continues to suffer the aftershocks created when Germany’s sovereign bond auction failed to sell out. Continue reading →

The U.S. Dollar saw broad gains against major currencies in the Asian trading session, as investors again sought refuge in the safe haven assets. Continue reading →

Following news of a victory for Spain’s center-right opposition party, cautious optimism helped to buoy the Euro in Asian trading. The People’s Party is expected to bring in more austerity measures, necessary for the country to restore market confidence. Continue reading →

The Euro struck a fresh 5-week low against safe haven currencies in Asian trading today as investors shunned the common currency. Continue reading →

The Euro fell to a new 1-month low versus the safe haven U.S. Dollar and Japanese Yen in Asian trading day as contagion worries escalate following the disappointing outcomes of Italian and French bond auctions. Continue reading →