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02 Jun 2011: EU leaders confident in finding a way out of the debt problem
EUR/USD: EU leaders confident in finding a way out of the debt problem
Euro gained against dollar as German Chancellor Angela Merkel said the European Union remains committed to its shared currency and the outlook for German growth is "very positive." There is a perception in the market that European leaders will slowly but surely find a way out of the debt problem and to save the euro. The euro isstronger against 12 of its 16 major counterparts before European Central Bank President Jean-Claude Trichet speaks in Germany today. ...
 
01 Jun 2011: UK Manufacturing activity slows down
GBP/USD: UK Manufacturing activity slows down
Sterling slipped against US Dollar yesterday. The currency fell at a steady speed throughout the day as there was no economic data to help support sterling. ...
 
30 May 2011: Euro fell as Greece decides to press ahead with new austerity measures
EUR/USD: Euro fell as Greece decides to press ahead with new austerity measures
Euro fell for the first time in three days against the dollar amid concern European governments will struggle to resolve the sovereign debt crisis, dampening demand for the region’s assets. The euro weakened versus 14 of its 16 major counterparts after Greek Prime Minister George Papandreou said he’ll press ahead with new austerity measures even as he failed to win backing from opposition parties. ...
 
27 May 2011: US Pending home sales expected to fall
GBP/USD: US Pending home sales expected to fall
Sterling strengthens against US Dollar after the Annualized Gross Domestic Product fell more than analysts expected. The Q1 GDP fell from 3.1% down to 1.8% which was a much larger drop than analysts had expected. ...
 
26 May 2011: China will possibly step in to buy European bonds in June
EUR/USD: China will possibly step in to buy European bonds in June
The euro rose against the dollar and the yen on speculation China will increase its purchases of European bonds, easing concern that the region’s sovereign-debt crisis will spread. The Financial Times reported that European Financial Stability Facility Chief Executive Officer Klaus Regling had said Asian investors, including China, may buy Portuguese bailout bonds when the EFSF sells them in June. ...