EUR Trades Lower on Concerns More European Rating May be Cut
December 9, 2009 7:34 pm by Natalie R.The European currency hovered near a 5 week low against the U.S dollar on speculation credit ratings of more European nations will be cut after Greece’s debt ranking was lowered by Fitch Ratings. Fitch yesterday lowered Greece’s credit rating one ...
Euro Falls 1% below $1.5 as Stocks Stumble
November 27, 2009 6:17 am by Natalie R.The European currency declined sharply in holiday-thinned trade on Thursday as renewed risk aversion prompted investors to shed riskier assets. The EUR hovered near the day's low of $1.4960 down 1.1% on the day. The currency also hit a near ...
EUR Gains on Economic Recovery Optimism
November 23, 2009 1:20 pm by Natalie R.The EUR strengthened for the first time in 3 days versus the Japanese yen on speculation the European Central Bank (ECB) will decide as soon as next month to stop some of its emergency stimulus measures. The European currency also ...
EUR Struggles as Risk Aversion Dominates the Market
November 20, 2009 2:39 pm by Natalie R.The European currency slumped Friday as waning confidence about the global economic outlook prompted investors to seek refuge in the U.S dollar and Yen. The EUR slipped to below $1.49 down 1% from yesterday. The EUR was also down 0.3% ...
The Swiss Franc Weakens vs. Majors
November 20, 2009 12:15 pm by Natalie R.The Swiss franc fell broadly against the European currency and the U.S dollar after the country’s central bank said the nation may need tighter financial regulation than the rest of the world. The franc declined on Swiss National Bank Chairman ...
The EUR Slowed as it Nears $1.50
October 20, 2009 11:44 am by Natalie R.The European currency nearly touched the psychologically important $1.50 mark in Asia trading on Tuesday as low U.S. Interest Rates prompted market participants to sell the greenback, while firm regional share prices encouraged them to buy the common currency instead. ...
Euro-Zone Campaign: October 16 2009
October 16, 2009 4:01 pm by Natalie R.EUR vs. Majors: The European currency edged higher against the Japanese yen Friday as firm Asian equity markets and commodity prices prompted speculators to dump the safe-haven Japanese currency in favor of higher-risk units. The EUR rose to 136.03 vs. the ...
Euro-Zone Campaign : October 12 2009
October 12, 2009 6:01 pm by Natalie R.The EUR vs. Majors: The EUR made a steady rise during last week against its major counterparts. It climbed up to 1.4764, against the U.S dollar easily breaking the minor resistance line of 1.4720 from last week.
Euro-Zone Campaign Begins
October 6, 2009 9:31 am by Natalie R.Although the EUR lost ground last week, the currency managed to remain above its major support line and regained some of its losses in Monday's trading. The European Central Bank (ECB) President, Jean-Claude Trichet, contributed to the EUR's weakness when ...
Will Britain Join the EUR?
January 8, 2009 6:21 am by Dan EduardBritain's economy continues to decline as the global economic downturn continues to intensify. As the weeks pass by, additional negative economic data is published from the British economy. This contrasts to recent years, when Britain was known for her strong ...
