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25 Jul 2011: Experts expect the US to avoid a default, but credit downgrades seem increasingly likely
EUR/USD: Experts expect the US to avoid a default, but credit downgrades seem increasingly likely
The dollar fell against Euro this morning as failure to reach a deal to raise the U.S. debt ceiling unsettled financial markets, hitting riskier assets and fueling demand for perceived safe-haven currencies. ...
 
21 Jul 2011: EU government chiefs convene today to break the deadlock over the new Greek rescue
EUR/USD: EU government chiefs convene today to break the deadlock over the new Greek rescue
The euro rose for a third day against the greenback after Germany and France reached an agreement on addressing Greece's debt crisis before a summit convened to prevent contagion in Europe's bond markets. Euro-area government chiefs will convene today for the second time in a month as they aim to break a deadlock over a new Greek rescue. ...
 
18 Jul 2011: Euro continues weakening on Monday
EUR/USD: Euro performs well despite speculations for further downgrades
Euro was sold at the end of last week as problems surrounding the debt levels of the major European nations continues. This comes after Ireland and Italy were downgraded to junk status. ...
 
14 Jul 2011: Euro performs well despite speculations for further downgrades
EUR/USD: Euro performs well despite speculations for further downgrades
Euro performed well yesterday despite speculations for further downgrades. The recent downgrades of Italy and Ireland fuelled comments that several other nations may soon require bailouts in order to secure their financial status. ...
 
11 Jul 2011: Euro's weeklong free fall continues today
EUR/USD: Euro’s weeklong free fall continues today
The euro has fallen in four of the past five days after Moody’s Investors Service downgraded Portugal to below investment grade, reigniting concern the region’s debt crisis will spread beyond Greece as officials remain at loggerheads over a solution to the crisis. A European bailout fund may have to be doubled to 1.5 trillion euros to cover a crisis in Italy, the ECB said, according to the German newspaper Die Welt. ...