Archive for March, 2009
Will the EUR Hold its Recent Gains?
Posted on23. Mar, 2009 by admin.
A bullish EUR appears to be the order of the day lately. After the U.S. Federal Reserve announced its quantitative easing program, the EUR climbed to a high not seen in months against its primary currency rival, the USD. Shooting above the 1.3700 mark last Thursday and Friday, the pair appears to have settled down [...]
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German Manufacturing Data Plummets
Posted on12. Mar, 2009 by admin.
A report released yesterday showed that German manufacturing orders tumbled in the month of January as the global economic slowdown took its toll on Germany’s exports. The manufacturing industry saw orders plunge 8% in the month of January. The mark was more than 4 times below the forecasted value by global economists.
It is apparent that [...]
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EUR Tumbles on Rate Cut Decision
Posted on06. Mar, 2009 by admin.
The European currency slid against most of its major currencies crosses during yesterdays trading session after the European Central Bank (ECB) lowered its Interest Rate from 2.0% to 1.5%. Losses were also owed to large falls in European stocks. The rate cut marks a record low for the Euro-Zone, as the Euro-Zone’s economic fortunes have [...]
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EUR Jumps Ahead of Today’s Rate Cut Decision
Posted on05. Mar, 2009 by admin.
The European currency went bullish against its major currency crosses in Wednesday’s trading. This was largely due to the knock-on effects from Wall Street, which saw the American stock market climb by several percentage points. This also led to rallies in Europe. The stock market rallies in both Europe and the U.S. were initiated by [...]
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European Currencies Pricing in Expected Rate Cuts
Posted on04. Mar, 2009 by admin.
The EUR has faced a rough week thus far. Currently losing against every major currency rival, the EUR may in fact be pricing in tomorrow’s expected rate cut by the European Central Bank (ECB). Declining to 1.2525 against the USD in today’s early trading hours, and down to 0.8900 against the GBP, the EUR is [...]
