The Euro underwent an extremely volatile session during last week’s trading. The Euro continued to weaken against the Dollar, and the EUR/USD pair dropped below the 1.4600 level. However the Euro saw mixed results against the Yen and the Pound.
The Euro’s volatile behavior seems to be a direct result of the mixed news coming out [...]
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The EUR was under pressure Thursday over concerns of high debt levels of some of its member countries. Greece had its rating downgraded and Spain had its outlook lowered to negative. Portugal was also warned of a possible downgrade. Late Thursday the EUR was unchanged at $1.4730 and at 129.94 Yen from 129.41 Yen. The [...]
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Amid speculation that a report being released on Thursday will show an increase in production in Italy and France, the Euro made impressive gains against both the Dollar and Yen in early morning trading. This is leading to speculation that the European Central Bank (ECB) may be able to abandon its policy of accommodating its [...]
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The European currency hovered near a 5 week low against the U.S dollar on speculation credit ratings of more European nations will be cut after Greece’s debt ranking was lowered by Fitch Ratings. Fitch yesterday lowered Greece’s credit rating one step to BBB+, the third-lowest investment grade, and said the outlook for the rating is [...]
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Yesterday’s trading had the Pound mixed against its major pairs. The pound traded down against the Dollar, while strengthening against the EUR. During the Japanese trading session, the EUR/GBP was trading up at 0.9020 but off from yesterday’s opening price of 0.9034.
Today traders will focus on the state of the U.K. economy as major economic [...]
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The Euro tumbled against most of the major currencies during last week’s trading session. The Euro’s depreciation took place mainly against the Dollar and the Pound. The Euro dropped about 200 pips against the Dollar and the EUR/USD pair is now trading around the 1.4860 level.
It seems that there are two main reasons for the [...]
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The EUR finished yesterday’s trading session with mixed results versus the major currencies, after the European Central Bank hinted it would slowly start withdrawing emergency liquidity. The 16-nation currency extended gains versus the Japanese Yen during yesterday trading session, to trade above 132.85 amid a broad sell-off in the JPY. The EUR did see bearishness [...]
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The Euro was up 0.2% against the Dollar in early morning trading on Thursday, ahead of a key meeting of the European Central Bank (ECB) later in the day. Additionally, the Euro was able to make impressive gains against the Yen, trading at above the 132.50 line, up 0.7% from last night. While the ECB [...]
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The European currency was trading around 17-month highs against the U.S dollar at $1.5088 on Tuesday as worries about Dubai’s debt problems eased, while rising stock and commodity prices dimmed the greenback’s safe-haven allure.
The British pound advanced against the U.S dollar and the EUR as house prices rose for a 7th month and Dubai World [...]
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The EUR was little changed against the Dollar following a report that showed China’s manufacturing growth maintained its fastest pace in 18 months. The EUR was at $1.4990 from $1.4955 late Friday and at Y130.50 from Y129.71. Expectations that German Retail Sales expanded in November also helped boost risk appetite.
This week investors will be weighing [...]
