Tag Archives: Euro Further Depreciation
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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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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New Interest Rate Cuts are Priced in to the EUR
Posted on17. Feb, 2009 by admin.
During Japanese trading hours, the EUR/USD made a significant downward move on a poor financial outlook in Europe and the potential for new Interest Rate cuts in the Euro-Zone. The start of the depreciation was due to concerns that Ireland may potentially default on its sovereign debt. However, much of this downward momentum can be [...]
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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 Yet to Hit Rock Bottom; Analysts Expect Further Depreciation
Posted on20. Nov, 2008 by admin.
The EUR sustained heavy losses against its rival currencies as it continued with its recent downtrend produced by falls in the European stock market. During early trading, the EUR rose to a session high against the USD after the release of pessimistic economic data from the U. S. helped weaken the Dollar to its session [...]
