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31 Mar 2011: Euro stays strong
EUR/USD: Euro stays strong
Euro stayed stronger against dollar after a report showed euro-region inflation accelerated, remaining above the European Central Bank’s 2 percent limit in March. Inflation in the 17-nation euro region quickened to 2.6 percent from 2.4 percent in February, the European Union’s statistics office in Luxembourg said today in an initial estimate. ...
28 Mar 2011: Euro weakens on Euro-Zone recovery doubts
EUR/USD: Euro weakens on Euro-Zone recovery doubts
Euro lost more ground and could fall toward mid-March lows after a state election loss by Germany's ruling party raised doubts about the tackling of Europe's debt crisis. German policy makers also demanded that future discussions of bailouts must wait until the next EFSF meetings in June. ...
24 Mar 2011: Euro coming off highs
EUR/USD: Euro weakens on Spanish banks’ rating cut
Euro weakened versus the dollar after Moody’s Investors Service cut the ratings on 30 Spanish banks to reflect Spain’s sovereign downgrade. The single currency slumped yesterday after Portuguese Prime Minister Jose Socrates tendered his resignation following parliament’s rejection of plans to cut the budget, pushing the country closer to an international financial bailout. ...
21 Mar 2011: USD Continues Lower
EUR/USD:USD Continues Lower
Jean-Claude Trichet will comment this afternoon on the European economy. The recent speculation about possible interest rate hikes in the Eurozone were supporting euro, however, if interest rates stay intact for a little longer investors may start selling euro off. ...
14 Mar 2011: Euro gains as EU leaders agree to extend aid for debt-strapped nations
EUR/USD: Euro gains as EU leaders agree to extend aid for debt-strapped nations
Euro gained against dollar as the leaders of the 17 euro nations have delivered a genuine surprise just when the market was starting to fear the worst. In a pact struck in the early hours of the weekend and two weeks sooner than investors expected, officials broadened the size and scope of their 440 billion-euro ($614 billion) bailout fund and eased the terms of Greek rescue loans. ...