Category Archives: News

The common currency continues to hold onto most of last week’s gains and is poised for more as investors pinned their hopes on the European Union’s policymakers, that a decisive response to the Eurozone’s debt worries will be addressed later this week.
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S&P, the ratings agency, downgraded Spain’s sovereign debt, a move which effectively put fear back into the markets that the Eurozone’s contagion was, indeed, spreading. Continue reading →

The single currency moved higher against the U.S. Dollar in late Asian trading and remains steady near a 1-month high struck yesterday.
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After the Slovakian parliament rejected the amendment which would bolster the firepower of the Eurozone’s emergency fund, the EFSF, the common currency fell broadly in Asian trading, reversing much of the gains made in the recent corrective rally. Continue reading →

In Asian trading, the Euro held onto Monday’s gains as hope
for a comprehensive Eurozone debt plan continues to gain momentum. Continue reading →

The common currency edged higher in Asian
trading today following news from Germany and France that policymakers there
will provide a new and comprehensive plan which will shore up under-capitalized
Eurozone banks. Continue reading →

the Eurozone’s policy makers are at last working toward resolution of the Eurozone debt crisis, the common currency has held onto its recent gains during trading in the Asian session. Continue reading →

While the head of the ECB, Jean-Claude Trichet, has maintained his hawkish tone, renewed calls for additional stimulus to spur the sluggish Eurozone economy may be enough to sway the policymakers. Continue reading →

Government agencies, public transportation services and tax offices were closed on Wednesday in a large-scale effort to protest against the austerity measures set to be imposed by the EU/IMF bailout, which was, in its ideal form, set to remedy Greek&rs… Continue reading →

After a brief rally triggered by a late rise on Wall Street, the Euro which had struck $1.3355, is now back under pressure in Asian trading, and edging toward a 10-month low against the U.S. Dollar. Continue reading →