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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 [...]
Oil steady above $74 as euro hovers near nine-month lows »
Oil was steady on Tuesday, trading near $74 in New York, as concerns over Greece’s sovereign debt kept the euro close to nine-month lows against the dollar.
At a meeting in Brussels on Monday, euro zone finance ministers urged Greece to announce more deficit-control steps by mid-March if needed, without saying anything new of last [...]
Stocks, euro rise; Greek worries persist »
Stocks, euro rise; Greek worries persist
European shares gained on Tuesday after UK bank Barclays beat profit forecasts, and the euro rose against the dollar as European finance ministers put more pressure on Greece to resolve its fiscal problems.
Greek borrowing costs, however, rose.
Oil and metal prices advanced, supported by a weaker U.S. currency, [...]
Majors consolidating ahead of the euro zone’s GDP »
Fri, Feb 12 2010, 07:02 GMT
by ecPulse.com analysis team
The euro and the pound are consolidating against the green currency ahead of the euro zone’s GDP that is on queue today with forecasts saying economic growth slowed in the fourth quarter of last year. The USDIX slightly gained in today’s Asian session [...]
Stocks, euro firmer ahead of EU Greek debate (Reuters) »
at a summit in Brussels.
are expected to take the lead in sending a message that the EU will help Greece tackle its debt and deficit problems. But the structure, size and any conditions attached to a deal may not be worked out until next week.
Concerns over the debt crisis in Greece and other [...]
The Euro has hit its lowest levels since July 2009 »
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