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27 Jun 2011: European leaders prepare for a Greek default
EUR/USD: European leaders prepare for a Greek default
Greek politicians will vote on a radical EUR28.4bn austerity package in the coming days that they must pass if the country is to receive the vital fifth tranche of a EUR110bn bail-out agreed last year. The outcome is expected to go down to the wire as the ruling party's slim majority is pushed to the limit by the opposition's refusal to support the deal. ...
 
23 Jun 2011: Euro weakens before the EU summit in Brussels
EUR/USD: Euro weakens before the EU summit in Brussels
Euro weakened against most of its major counterparts before European leaders begin a two-day summit in Brussels today to discuss Greece's financing needs as the nation struggles to stave off default. The single currency dropped for a second day against the dollar on prospects Greek Prime Minister George Papandreou will face difficulty in getting parliamentary approval next week for a package of budget cuts and asset sales, needed to be eligible for a second round of aid. ...
 
21 Jun 2011: 21 June, 2011 Dollar under pressure
GBP/USD: Dollar under pressure
The dollar fell against most of its major peers before a report that’s expected to show new home sales in the U.S. slumped in May, adding pressure on the Federal Reserve to keep interest rates at a record low. ...
 
20 Jun 2011: Euro hits new lows against dollar
EUR-USD Euro hits new lows against dollar
EUR-USDhit new lows as Greek bailout concerns led to heavy sell-off of the euro. Busy week ahead for US with significant data releases later this week. ...
 
15 Jun 2011: US CPI expected to fall
GBP/USD: US CPI expected to fall
The major news from the United States will see the release of the US Consumer Price Index and the New York Empire State Manufacturing Index. The CPI is expected to fall from 0.4% to 0.0% (month on month) and remain on hold at 3.2% (year on year) for the month of May. ...