Category Archives: News

The Euro slipped in Asian trading today, giving up some of the gains made on Friday, which wound up being the largest single day rally in nearly eight months and attributed primarily to the euphoria following positive news from the E.U. Summit. Continue reading →

The Euro is poised to have its largest 1-day rise in nearly eight months as E.U. leaders are expected to announce later today that they have agreed to create a common supervisory body which will oversee the Eurozone’s banks and permit them to recapitalize directly via the EFSF and not through governmental channels. Continue reading →

The common currency remains on hold close to a 3-week trough against the U.S. Dollar but a sell off is capped as investors are cautiously optimistic of a surprise to the upside from the E.U. Summit which starts later today. Continue reading →

The common currency edged higher in Asian trading today after striking a 2-week trough yesterday, but analysts say that gains were capped as hopes that the upcoming E.U. summit could offer any positive outcome were dashed. Continue reading →

The Euro was holding close to a 2-week trough against the U.S. Dollar during the Asian trading session as investors’ expectations of a fruitful outcome to the E.U. summit fade. Continue reading →

In Asian trading, the U.S. Dollar extended earlier gains as its appeal as a safe haven status increased as investors’ concerns over the Eurozone crisis and a global slowdown weighed heavily on risk appetite. Continue reading →

The U.S. Dollar steadied close to a 1-week peak against a weighted basket of major currencies finding support ahead of a downgrade by Moody’s of sixteen major global banking firms, including Citibank, JP Morgan and Deutsche Bank. Continue reading →

In Asian trading, the U.S. Dollar stayed above a 1-month trough against a weighted basket of major currencies despite the announcement from the Federal Reserve yesterday that they would extend the Operation Twist program and would consider additional e… Continue reading →

In Asian trading, the Euro slipped against the U.S. Dollar but managed to hold onto the majority of gains made on Tuesday. Investors’ focus is squarely on Washington, D.C. and the U.S. Federal Reserve where the FOMC will be making an interest rate decision later today. Continue reading →

The Euro’s typical volatility was clearly in evidence as investors put any lingering relief over Sunday’s Greek pro-bailout vote to rest and focused instead on Spain, where a debt auction of 10-year benchmark bonds saw yields rise to 7.3%. Continue reading →