Category Archives: News

Despite predictions from some major financial analysts and news sources that the Euro is headed for a certain demise, Asian stocks have continued to rise, indicating strong consumer hopes to the contrary. Continue reading →

The common currency steadied during the Asian trading session, holding onto gains made on Thursday after Mario Draghi, the head of the ECB, vowed that he would do all within his power to preserve the Euro and prevent a Eurozone breakup. Continue reading →

The Euro’s mini rally ended during the Asian trading session, with some of Wednesday’s gains given back, as persistent Spanish doubts continue to pressure the common currency. Continue reading →

European stocks continue to fall while Spanish bond yields continue to rise on the concern of the European debt crisis that will affect global growth. Continue reading →

The Euro eked out some gains against the safe haven currencies as risk appetite was whetted in Asia following news that China’s preliminary PMI manufacturing data for July was better than expected. Continue reading →

In Asian trading, the Euro slipped close to a multi-year and historic lows versus the Japanese Yen and the Australian Dollar as investors’ fears over a Spanish default escalate. Continue reading →

The Euro continues to trend lower as worries over Spain’s finances send investors to the safe haven currencies; as reported at 1:12 p.m. (JST) in Tokyo, the EUR/USD was trading at $1.2269, a drop of 0.1% but holding above the 2-year low struck last week on the EBS trading platform. Continue reading →

The Euro held steady against the U.S. Dollar during the Asian trading session but continues to be under pressure following relatively pessimistic comments made by Angela Merkel, the German Chancellor, which rekindled concerns of the debt crisis there. Continue reading →

On Tuesday, Ben Bernanke, the Federal Reserve Chairman, in an address to the U.S. Senate’s Banking Committee, left markets disappointed with his vague comments that gave no clear indication that additional easing for the struggling U.S. economy would be forthcoming. Continue reading →

The Euro edged higher against the U.S. Dollar in Asian trading today as a spate of hedge fund buying triggered stop-losses. Continue reading →