Category Archives: News

With growing concerns that Greece’s problems are escalating, the Euro earlier dropped to a 3-week low against the U.S. Dollar in Asian trade. Continue reading →

Following a threat issued by Moody’s yesterday that French banks could be subjected to a possible credit downgrade, a repercussion of their Greek holdings, the common currency came under further pressure, slipping lower against the U.S. Dollar an… Continue reading →

Better than expected inflation data from China has helped pull the common currency Euro up out of its recent decline. Continue reading →

Following a slide earlier in the Asian session, the Euro managed to edge up against the U.S. Dollar as market players expect some short covering to offer a temporary respite to the common currency. Traders said that the Euro fell to a low of $1.4285 du… Continue reading →

After yesterday’s relatively unsurprising announcement from the ECB that the Eurozone might soon see a rate increase, the common currency Euro fell hard, and today struggles to regain its balance. Continue reading →

Ahead of today’s policy setting meeting of the European Central Bank, the common currency managed to recoup earlier losses against the U.S. Dollar. Continue reading →

Following yesterday’s speech to the IMF Conference in Atlanta whereat Ben Bernanke, Chairman of the U.S. Federal Reserve Bank told the crowd that no further stimulus would be forthcoming after the cessation of the current bond purchase program, the U.S. Dollar slipped against the Japanese Yen. In Tokyo trading, as reported at 1:49 p.m. (JST), the greenback slipped against the Japanese Yen, falling 0.2% to 79.95 Yen. A general decline in Asian equity prices also helped to bolsters’ trader risk aversion. Continue reading →

The common currency Euro remains steady following yesterday’s fall from a 1-month peak after Jean-Claude Juncker, the president of the Euro Group, commented that in his opinion the Euro was overvalued. Continue reading →

As the Greek nation prepares to receive further bailout assistance from the special purpose E.U./IMF mission, the common currency held close to a 1-month peak against the U.S. Dollar. Continue reading →

Finding support from Greek bailout hopes and the likelihood of more weak labor data from the U.S., the Euro earlier struck a 1-month peak against the U.S. Dollar. Wednesday’s ADP jobs report, which was far worse than analysts had anticipated, is being used to gauge today’s release of U.S. Labor Department private sector payrolls. Continue reading →