Category Archives: News

In Asian trading today, the common currency fell to a new historic low against the safe haven Swiss Franc, and a 4-month low versus the U.S. Dollar as investors worry over contagion of peripheral debt. Continue reading →

The common currency Euro struck a 2-week trough against the safe haven currencies in Asian trading today as an emergency meeting looms for Eurozone policy makers, with the focus on peripheral contagion worries in Italy. Continue reading →

In response to the latest nonfarm payroll report, US stock futures fell sharply, expunging most of this week’s gains, and dashing hopes of a forthcoming economic recovery. Continue reading →

The Euro appears to be giving back the gains it made yesterday against the U.S. Dollar following the news of a Eurozone interest rate hike. As widely expected by markets and analysts alike, the ECB announced a .25% increase in their benchmark interest … Continue reading →

As the markets anticipate that the ECB will move to widen the rate differential between it and the Federal Reserve, the Euro continues to struggle to regain some of last week’s momentum. Continue reading →

Moody’s, the credit ratings agency, has followed through on earlier threats and downgraded Portuguese debt to junk status. The reverberations were immediately felt in the financial markets as fear of contagion spread. Continue reading →

In Asian trading today, the common currency Euro retreated after a 6-day win streak as investors bought back the U.S. Dollar to cover short positions. Continue reading →

The Euro continues to extend last week’s gains; in Sydney, the common currency earlier struck a 1-month peak against the U.S. Dollar on easing concerns over Greek debt. Continue reading →

With the euphoria of the Greek vote for austerity ebbing, the common currency’s rally appears to be losing some momentum. As reported at 2:34 p.m. (JST) in Tokyo, the Euro was trading against the U.S. Dollar at $1.4514, a gain of 0.1% from late t… Continue reading →

Yesterday’s passage of new austerity measures through the Greek Parliament helped to push the Euro to a 3-week high against the U.S. dollar. That leaves one last hurdle for the Greek government to jump, namely today’s implementation vote. Continue reading →