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23 May 2011: Euro under pressure
EUR/USD: Euro under pressure
Euro was sold on Friday after Greece’s credit rating was downgraded to B+ from BB+. It also put the rate watch on negative. ...
 
19 May 2011: EUR/USD: Investors still ignore the instability through the debt stricken European states
EUR/USD: Investors still ignore the instability through the debt stricken European states
The Euro strengthened against the US Dollar yesterday afternoon which erased the losses from the morning session. A lack of European economic data meant that the strength of the Euro was dictated by announcements from the rest of the world, as well as the situation surrounding European debt. ...
 
16 May 2011: Euro advances before the Greece
EUR/USD: Euro advances before the Greece's financing needs discussion
Euro advanced against dollar before a meeting of European finance ministers to discuss Greece’s financing needs and an aid package for Portugal. Nemat Shafik, a deputy managing director at the International Monetary Fund, will represent the institution at the Brussels meeting, after police said its Managing Director Dominique Strauss-Kahn was charged with attempted rape and a criminal sex act on a woman in a New York hotel. ...
 
12 May 2011: Euro still remains fragile
EUR/USD: Euro still remains fragile
The Euro fell against the US Dollar yesterday. German CPI data was released in line with expectations and this means that the European Central Bank is less likely to raise interest rate again in the near future. ...
 
09 May 2011: Euro up as EU reconsiders terms of the Greece bailout plan
EUR/USD: Euro up as EU reconsiders terms of the Greece bailout plan
Last week Euro snapped its biggest two-day drop since 2008, on prospects the region's debt crisis won't keep the European Central Bank from increasing interest rates. This morning the common currency gained versus most major peers after European Union officials agreed in an unannounced meeting on May 6 to reconsider the terms of the 110 billion-euro ($158 billion) lifeline Greece received last year, showing their determination to hold the euro region together. ...