The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to… Read more
Euro sold as Greek Deal lingers
The Euro Gains after the Approval of Bailout Package by Greek Parliament
The single currency gained on Monday after the move of Greek Parliament to approve the austerity measures package. However the euro wasn’t able to sustain its upward movement as the… Read more
Greenback Strengthens as Solution for Greece Debt Problem Delays
The US dollar strengthened on Monday as the investors diverted from the single currency in reaction to uncertainty over the second bailout package for the Greece debt problems. Greece’s leaders… Read more
US Dollar gains as Risk appetite dominates the markets
As markets continue to wait the outcome of the Greek debt restructuring talks, attention yesterday turned to the US FOMC meeting. The euro had lost a little ground in yesterday… Read more
Euro tumbles on credit downgrade
Late on Friday International ratings agency, Standard& Poor’s, lowered its ratings on nine eurozone countries including triple-A rated France and Austria, citing insufficient policy initiatives by European leaders to address… Read more
Sterling gains to 15 month high against Euro
The euro remains under downward pressure as we head into the first weekend of the year, starting the day below the $ 1.28 level versus the dollar and well below… Read more
US Dollar Declines on Better than Expected US Economic Data
US dollar fell on Thursday as the US stock markets rallied in reaction to better than expected US economic data. This reduced the appeal of the US dollar as a… Read more
