Category Archives: News
Euro Trims Earlier Gains as Yuan Weakens
The common currency Euro rose briefly versus the U.S. Dollar following the Chinese central bank’s signal that it would tolerate the Yuan’s appreciation. Continue reading
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High Risk Currencies Gain on Newly Appreciating Yuan
The common currency Euro gained versus the U.S. Dollar and Japanese Yen following China’s announcement this past weekend that they intend to soften their stance on their exchange rate policy. Continue reading
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Auction Demand Helps Boost Euro to 3-week Peak
Solid demand at Spain’s bond auction yesterday helped to boost the common currency Euro up to a 3-week peak versus the U.S. Dollar; Continue reading
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Possible Outcome of Spain Debt Auction has Investors Paring Euro Holdings
Renewed worries over Euro-zone debt has pushed the common currency Euro lower versus both the U.S. Dollar and the Japanese Yen in Asian trading today. Continue reading
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In Asia, Euro Eases off U.S. Dollar after Striking 2-week Peak
The common currency Euro held its own today, close to a 2-week peak versus the U.S. Dollar in subdued Asian trading. Continue reading
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In Asia, Euro Eases off U.S. Dollar after Striking 2-week Peak
The common currency Euro held its own today, close to a 2-week peak versus the U.S. Dollar in subdued Asian trading. Continue reading
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Euro Rally Seen Waning on Greek Downgrade
Profit taking by investors and the downgrading of Greece’s sovereign debt to junk grade status is slowing the momentum of the recent Euro rally. Continue reading
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Higher Share Prices in Asia help Euro to 1-week Peak
The common currency Euro struck a 1-week peak versus the Japanese Yen on rising share prices in the Asian stock market. Continue reading
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The Chinese Markets Having Some Trouble
On Sunday, the Chinese cabinet ordered local governments to improve the management of their investment agencies as a result of concerns that their loans — estimated at hundreds of billions of US Dollars — could become a problem for Chinese banks. Continue reading
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EUR on a Rise
The EUR rose on Friday on the back of higher stocks, but the single currency struggled to extend its short-covering rally Vs. the USD ahead of technical resistance, while options barriers also capped gains. Continue reading
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