Tag Archives: Euro makes further gains vs usd dollar
Pound Reaches 6-Month High vs. USD
Posted on20. May, 2009 by admin.
The EUR rose on Tuesday, trading at $1.3625, up half a percent from Monday, due to a surprisingly big improvement in German economic sentiment. The ZEW indicator jumped to 31.1 in May from 13.0 in April, above economist estimates of a 20.0 reading. This suggests that analysts and investors were not as grim about the [...]
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EUR Gains Strength as Risk Appetite Increases
Posted on03. Apr, 2009 by admin.
The EUR gained momentum throughout today’s trading hours as the European Central Bank (ECB) left room for future monetary policy adjustments by only reducing Interest Rates by a 25 basis points, from 1.50% to 1.25%, yesterday. Forecasts were for a reduction of half a percentage point in expectation of the ECB taking quantitative easing measures [...]
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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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Despite Recent Strength in the EUR, Something is Still Missing
Posted on09. Feb, 2009 by admin.
The EUR appears to be the recipient of much support lately as the other safe-haven currencies have taken a dive on recent economic data. The U.S. jobs market took such a beating last month that the Dollar appears to be feeling the effects and has now raised this pair back up towards the 1.3000 price [...]
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The Euro Gains Ground as Dire U.S. Economic Data Undermines the Dollar
Posted on31. Dec, 2008 by admin.
The Euro-Zone currency is extending a broad rally against most major currencies after hitting a fresh record high against the British Pound on Tuesday. Against the Dollar, the EUR was 1% higher at 1.4125, and against the Sterling the EUR traded as high as 98.05 pence. The EUR has been gaining at the Dollar’s expense [...]
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Euro Rises on Weaker Greenback
Posted on16. Dec, 2008 by admin.
The European currency has climbed to a new two-month high as investors continued to exit long Dollar positions amid uncertainty over the fate of U.S. automakers. The EUR surged above $1.37 as markets awaited the outcome of a Fed policy meeting today, when it is widely expected to cut its Interest Rate by at least [...]
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European Currency is Expected to Make Further Inroads into the U.S. Dollar
Posted on25. Nov, 2008 by admin.
Analysts expect the EUR to continue its rally against the Dollar today, as the U.S. government’s pledge to help Citigroup has in recent days drawn investors away from the safe haven USD. This is in order to make short-term gains in more volatile currencies, such as the EUR and JPY.
The EUR rose 2.8% against the [...]
