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11 Apr 2011: Euro expected to step back from its 15-month high
EUR/USD: Euro expected to step back from its 15-month high
Euro continued to gain on Friday against dollar after the European Central Bank decided to raise interest rates from 1.0% up to 1.25%. Investors continued to buy into euro after Portugal's request for a bailout despite this creating a division between EU members. ...
04 Apr 2011: USD coming off lows on positive employment data from the US
EUR/USD: USD coming off lows on positive employment data from the US
Euro snapped a four-day advance against dollar on concern a likely interest-rate increase by the EuropCentral
Bank this week will hurt the economies of the most-indebted nations in the 17-member zone. The shared currency slidversus all but two of its 16 major counterparts before the ECB’s April 7 policy meeting. ...
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. ...