Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor’s that it is cutting Greece’s long… Read more
Euro firm however downside risks remain
US Dollar Jumps as G-20 Refuse to Boost Funding for IMF
Greenback gained on Monday as the single currency weakened in reaction to the decision of the G-20 meeting to reject the funding of International Monetary Fund until the single currency… Read more
EU Summit dominates the markets
Starting the week on a relatively firm footing versus the dollar, the euro faces some key challenges this week including today’s EU Summit (the 17th in two years), as well… Read more
Euro Holds Up Despite Lack Of Progress
Despite a lack of major progress in the negotiations between Greece and its creditors, the Euro continues to withstand and rebound, not without the help of the latest comments by… Read more
Sterling trades back above 1.20
The euro succumbed to month end selling pressures late yesterday and overnight, falling back versus other majors as a result. It fell to lows of $ 1.3026 versus the dollar… Read more
Sterling down / Euro sees Correction / AUD at all time high
The euro rose versus the dollar and the yen in early morning trade with stronger-than-expected GDP figures from China triggering some covering of short positions. China’s GDP growth slowed slightly… Read more
Australian Dollar at 27 year high against Sterling
After a failed attempt to break through the $ 1.28 level yesterday, the euro drifted lower in late afternoon trade before regaining some ground overnight. The euro found some support… Read more
