Tag Archives: euro currency slides
EUR Trades Lower on Concerns More European Rating May be Cut
Posted on09. Dec, 2009 by admin.
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 [...]
Continue Reading
Euro Drops against the Majors
Posted on07. Dec, 2009 by admin.
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 [...]
Continue Reading
EUR Slips vs. Dollar but Firm vs. Yen
Posted on04. Dec, 2009 by admin.
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 [...]
Continue Reading
EUR’s Movement Negative, but Busy News Week May Prove Fruitful
Posted on20. Apr, 2009 by admin.
The EUR apparently can’t catch a break these days. With a steady depreciation against the majors, the EUR looks like last week’s loser, and may continue to hold that title throughout this week as well. Dropping below important price barriers against the USD and JPY, but holding steady against the GBP, the EUR’s value may [...]
Continue Reading
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 [...]
Continue Reading
Euro Falls on Eastern Europe Concern
Posted on18. Feb, 2009 by admin.
The Euro-Zone currency was traded near a 10-week low against the Dollar after a credit agency said it may cut the ratings of several banks with units in Eastern Europe, adding to concern that financial turmoil will deepen. The agency stated that the combination of higher provisions for bad debt, the rise in bank borrowing [...]
Continue Reading
EUR Plunges on Russian Loan Restructuring
Posted on10. Feb, 2009 by admin.
The EUR fell sharply in late day trading after it was reported that Russian banks may seek to restructure over $400 billion loans from foreign banks. The 16-nation currency also came under pressure after European finance ministers suggested it may be more difficult for European banks to borrow in the financial markets.
These two events drove [...]
Continue Reading
EUR Stops its Slide against the GBP
Posted on13. Jan, 2009 by admin.
The EUR continues to lose ground against the Dollar as added market risk weighs on the European currency. However, the currency did break a 4-day losing streak against the GBP to close the day up at 0.9020.
The EUR/GBP, which last year saw an appreciation in excess of 26%, has given back some of those gains [...]
Continue Reading
New Interest Rate Cuts get Priced In to EUR
Posted on06. Jan, 2009 by admin.
The EUR has started the New Year in a complete reversal from where it ended. The European currency has shown considerable weakness against both the Dollar and the Pound. The last two days of trading have seen sharp reversals in both the EUR/USD and the GBP/EUR. Yesterday the EUR/USD closed the day sharply lower at [...]
Continue Reading
Euro-Zone Currency Slides as Global Economic Fears Deepen
Posted on02. Dec, 2008 by admin.
The EUR extended its decline against the USD and JPY currencies. The European currency fell as low as 117.46 Yen in yesterday’s trading sessions. The EUR also fell against the Dollar as worries of a deepening economic recession in the Euro-Zone led investors to take refuge in Treasury Notes; it decreased almost 0.7% to 1.2608 [...]
