Category Archives: News
Euro Extends Gains as Commodities Stabilize
The common currency Euro continued to extend its recovery from this week’s earlier struck 7-week low against the U.S. Dollar, which is coming under heavy sell pressure as commodity prices appear to be stabilizing. Continue reading
Euro Gets Support as Portugal Gets Help but Ireland and Greece Problems Still Weigh
Even as investors concerns over the continuing sovereign debt problems of the Eurozone weigh, the common currency Euro rose against the U.S. Dollar in Asian trading, coming off of last week’s 7-week low. Continue reading
Euro Surges Higher Pending Portuguese Bailout
The Euro surged higher for the second day yesterday as the Portuguese bailout package was confirmed in Brussels. Continue reading
Ahead of Eurozone Finance Ministers’ Meeting Euro Falls Broadly
Ahead of this week’s meetings of European finance ministers, the common currency fell to a 7-week low against the U.S. Dollar as well as a host of other major currencies. Continue reading
Greek Rioting of Austerity Measures Pushes Euro Lower
Investor concerns over Greece’s fiscal problems, with the government’s austerity measures resulting in rioting on the streets of Athens, is putting heavy pressure on the common currency, which fell against the U.S. Dollar. Continue reading
Euro Gains Broadly Ahead of Eurozone GDP Report
In Asian trading today, the Euro rose against the U.S. Dollar, up off a 3-week low as growth projections eclipse investor concern of a worsening debt crisis. Continue reading
Euro Holds Onto Gains as Commodities Steady
With commodity prices beginning to stabilize, the Euro has been holding tight to recent gains during Asian trade. Continue reading
Euro Edges Higher, However Pressure Still Seen from Greece
In early trading in Tokyo, the common currency edged higher against the U.S. Dollar, off a 3-week low, supported by early indications of some restabilization in the commodities markets. Continue reading
Euro Rebounds after 3-Week Low
Following last week’s steep fall, the common currency Euro bounced in early Asian trading, rising against the U.S. Dollar and Japanese Yen. Continue reading
Reserve Bank of Australia Takes Hawkish Tone, Sends Aussie Higher
With investors speculating that the Reserve Bank of Australia is likely to raise interest rates sooner than later given a higher inflation forecast, the Australian Dollar rose against the U.S. Dollar. Continue reading
