Tag Archives: euro depreciates
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 [...]
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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 [...]
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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 [...]
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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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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 [...]
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European Currency Declines on Deepening Recession
Posted on24. Feb, 2009 by admin.
The EUR declined as fears about an accelerating recession in the Euro-Zone took its toll in Monday’s trading. The EUR recorded losses against most of its currency pairs, which was also compounded by Wall Street’s record drop yesterday. The European currency’s trading in recent weeks has been increasingly volatile, as the economic situation continues to [...]
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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 [...]
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German Data Indicates a Weakened Euro-Zone
Posted on12. Feb, 2009 by admin.
The EUR finished yesterday’s trading session with mixed results versus the major currencies. The 15-nation currency saw gains versus the GBP for most of the day and closed at the 0.8900. Versus the JPY, the Euro-Zone currency was broadly unchanged throughout most of the day, as most of the market movement from yesterday was focused [...]
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Euro-Zone not Stronger than U.S. after all; EUR Depreciates
Posted on22. Dec, 2008 by admin.
Last week’s EUR feeding frenzy may have been short-lived. With so much negative news building up in the American economy, the EUR appeared to be the safe bet. Investors bailed out of the Dollar en masse and jumped into the Euro-Zone currency as the safe haven of choice after the U.S. Federal Reserve’s decision to [...]
