The euro had just started the week gaining versus the dollar and the yen as the negative sentiment regarding the Greek crisis slowly fades, but after comments coming from Greece that the fiscal crisis in the country may spread to other countries, the EU’s single currency went down again.(…)
Read the rest of Papandreou Comments Force Euro Down (134 words)
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The European single currency posted its first day of decline versus the greenback this week after the regional financial regulator affirmed that some of its stimulus to help the economy to recover will last for as long as they are necessary, declining optimism towards the Eurozone.(…)
Read the rest of Euro Ends Rally on ECB Extended Stimulus (128 words)
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The euro profited today after Greece announced several measures to tighten its massive budget deficit, allowing the confidence towards the Eurozone and making the euro to rank among the best performers in currency markets today.(…)
Read the rest of Is The Greek Crisis Coming to an End? (63 words)
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The dollar started this Tuesday losing versus European and higher-yielding currencies as positive events in the old continent pushed further up risk aversion in trading markets globally, making the pound and the euro to rank among the best performers versus the greenback today.(…)
Read the rest of Dollar Down after European News (125 words)
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The euro emerged versus several important currencies as Greece will propose a strategy to solve its budget deficit crisis, declining pessimism among investors to purchase assets in the Eurozone.(…)
Read the rest of Euro Up on Greek Hopes (67 words)
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The euro had the sharpest gains today this week as speculations that Greece will be bailed out by public lenders associated with worse than expected real state data in the U.S. were supportive for a corrective movement on the euro’s charts.(…)
Read the rest of Euro Rebounds on Greek Crisis Comments, U.S. Home Sales (129 words)
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The Canadian dollar slid to the lowest level in two weeks versus its U.S. counterpart as pessimism regarding the global economy is affecting the outlook for currencies linked to growth, as its the case of the loonie, since Canada is one of the world’s leading suppliers of commodities.(…)
Read the rest of Risk Averse Scenario Moves Loonie Charts (153 words)
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The yen was one of the biggest winners in the beginning of this Thursday’s session in Asia, as risk aversion surging from Europe is attracting investors to the safety profile of the Japanese currency.(…)
Read the rest of Yen Benefits on European Risk Aversion (67 words)
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The euro has just touched a new record low for 2010 versus the greenback and the yen on speculations that Greece will suffer its first credit downgrade this year, which would follow the two previously suffered last year as the southern European nation started to agonize with its growing budget deficits.(…)
Read the rest of Euro: The Endless Pit in 2010 (148 words)
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The outlook for the European currency is perhaps the worst since its introduction in 1999, as disparities among Eurozone members’ financial structure is likely to decline the appeal for the currency even further, since measures to bring budget deficits to the ECB’s target are likely to set several countries into a longer recession.(…)
Read the rest of Euro to Plunge Deeper on Fiscal Crisis Consequences (138 words)
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