Category Archives: News

The Euro steadied against the greenback in Asian trade as short-term focus is directed to Washington, D.C. where Federal Reserve head Ben Bernanke will be testifying before the U.S. Congress tomorrow. Continue reading →

The Euro continued to hold close to a 2-year low against the U.S. Dollar following Italy’s credit rating cut by Moody’s late yesterday. Continue reading →

The U.S. Dollar briefly rose against the Japanese Yen in the Asian trading session, following the Bank of Japan’s announcement that it would make no changes to its current monetary policy except for some minor tweaking to its asset purchase program. Continue reading →

The Euro continued to hold close to a 2-year low versus the U.S. Dollar as investors consider that the German court which is to decide on the legal usage of the Eurozone Stability Mechanism won’t rule in favor of broader implementation. Continue reading →

As analyst had expected and as markets had feared, the E.U. finance ministers meeting yielded no definitive outcome and highlighted only the shortcomings of the most recent summit. Continue reading →

In the Asian session, the Euro had earlier dropped to 2-year trough against the U.S. Dollar, but has since steadied and halted the downtrend. Continue reading →

Yesterday, the European Central Bank did as analysts expected it would and announced a 25 basis points rate cut of their benchmark lending rate; markets had been hopeful that the central bank would offer more though, and were disappointed as a result. Continue reading →

The Euro and the Pound Sterling are both under pressure as investors speculate that the European Central Bank and the Bank of England will take up a more accommodative stance later today. Continue reading →

The common currency edged lower against the greenback in Asian trading on Wednesday as investors speculate that the European Central Bank will take a more dovish stance at their rate setting meeting tomorrow. Continue reading →

Both the U.S. Dollar and the Euro slipped in Asian trade as dismal economic data raised investors’ expectations of a more accommodative stance from both the Federal Reserve and the European Central Bank. Continue reading →