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Euro up on Greece plan; Nikkei hits 18-month high (Reuters) »
, lifting some pressure on the single currency.
, tempering market reaction.
The deal offers Athens loans and cash but only as a last resort and can only be disbursed with unanimous euro zone approval.
Major European markets (.FTEU3) were expected to open slightly lower, according to financial spreadbetters, with some dealers looking to take [...]
The euro recouped some of its losses against the dollar »
Daily U.S. Forex Summary
Fri, Mar 26 2010, 05:53 GMT
was buoyed after its recent gains against a basket of currencies as investors continue to buy back the safe haven currency amid hopeful economic news. Data from the Labor Department showed initial claims for state unemployment benefits fell 14,000 to a [...]
EMU poll – Slim Yes majority despite the euro’s woes »
Thu, Mar 25 2010, 13:42 GMT
Statistics Denmark regularly surveys the attitude of the Danes to the euro on behalf of Danske Bank. The March poll shows the Yes side still having a slight lead – although the lead has shrunk considerably since the end of 2009. Looking solely at those who are [...]
Greece woes push euro to 10-month low »
(Reuters) – The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
European shares hit their highest since October 2008, following a climb in U.S. stocks, but broader [...]
Euro gains on Greece’s bailout plan »
Tue, Mar 16 2010, 18:57 GMT
The 16-nation currency gained severely against the Dollar as E.U finance ministers drafted a blueprint to aid Greece with its ballooning deficit, in addition news from the Standard & Poor’s of affirming Greece’s credit rating at BBB+ despite its debt issues while downgrading the country from “creditwatch [...]
EU measures to support Greece fail to support the euro »
Tue, Mar 16 2010, 08:31 GMT
On Monday, the
cross rate drifted south throughout most of the session. There was not really one specific factor responsible for this move. Receding appetite for risk was the most obvious explanation. Equity investors held back on taking additional long positions as several indices are close to [...]
Euro ministers say have Greek aid plan if needed »
(Reuters) – Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.
After talks in Brussels, the ministers published a statement saying they had agreed the technicalities of what would be the [...]
The euro gained in the Asian session »
Mon, Mar 8 2010, 06:16 GMT
Major currencies starting trading this week gaining against the dollar extending its correctional move started by the end of last week. The USDIX that tracks the dollar’s strength against a basket of major currencies fell in today’s Asian session to record a low of 80.13 and a [...]
Euro Assault Softens- Yen Retreats »
Sun, Feb 28 2010, 23:16 GMT
2/26/2010 07:35 am: EUR/$..1.3580 $/JPY..89.18 GBP/$..1.5202 $/CHF..1.0774 AUD/$..0.8890 $/CAD..1.0584
Asian and European markets were firmer mid-trading day in London in spite of a weaker close in US equity markets yesterday. The Dow Industrials fell more than 180 points early in the session before a late afternoon rally [...]
Greece downgrade fears hurt euro, stocks (Reuters) »
LONDON (Reuters) –
World stocks, the euro and commodities fell on Thursday on concerns over a potential downgrade of Greece's debt, while borrowing costs for peripheral euro zone countries rose.
firmed.
's BBB-plus rating by one or two notches within a month, citing downside risks to growth that could hinder the country's deficit-cutting plan.
said Greece [...]