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29 Nov 2010: Euro struggles as debt crisis shows signs of spreading
The EU will find out today whether Ireland's 67.5 billion euro bailout will bolster the financial markets and be enough to stop financial contagion spreading to Portugal and Spain. The finance ministers of the eurozone are now trying to stop the domino effect on other countries that are currently in trouble. ...
25 Nov 2010: Euro struggles near a two-month low
Euro struggles as debt crisis shows signs of spreading
The euro struggles near a two-month low as the euro zone debt crisis showed signs of spilling over from Ireland to other euro zone members even after Ireland unveiled its ambitious austerity plan. Traders say Portugal and increasingly Spain are seen as potentially in need of help while Dublin's belt-tightening plan has come under fire for sticking to economic growth assumptions, unveiled earlier this month, seen as too optimistic. ...
22 Nov 2010: EUR has strengthened on Ireland
EUR has strengthened on Ireland's acceptance of EU aid
Yesterday Ireland finally accepted the EU's bailout package and its related conditions. Initial announcements suggest a bailout to the tune of ˆ80-90 bln with a 4-year plan to reduce the budget deficit by 2015. ...
18 Nov 2010
Transfermate’s US management team has moved to new offices on North Michigan avenue in the centre of Chicago. With plans to open more locations in key cities in North America, Transfermate looks forward to providing our global foreign exchange service to individual and corporate clients across US and Canada.
18 Nov 2010: As Ireland Considers Options, Euro Gains Support
EUR/USD: A recovery begins?
EUR/USD managed to recover as hopes for a resolution in Ireland begin to take shape. Irish central bank Governor Patrick Honohan said he expects the country to tap a loan from the European Union and the IMF worth "tens of billions". ...