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Euro Rebounds on Abu Dhabi-Dubai Bail Out Plan »
After falling consistently versus thegreenback intheend ofthelast week, theEuro posted atimid rebound andalso gained versus several
currencies, asconcerns regarding Dubai’s debt eased after Abu Dhabi announced arescue plan forits brother emirate.
Theeuro benefited today onanAbu Dhabi announcement stating that $10 billion will be used tohelp Dubai tocope with its debts, paying creditors andcontractors, calming down [...]
Euro Suffers as Dubai Situation Worsens »
Thesingle European currency approached theyesterday’s minimums against theU.S. dollar andtheother major currencies today asthebad news ontheDubai’s troubled debt worsened theglobal financial outlooks.
assets, including theriskier currencies (such astheeuro), decreased after the
reported that thecreditors ofone oftheDubai World’s branches are adding pressure onthedebtor. Thereport ofthedecreased industrial production inFrance inOctober has also spurred euro’s decline.
inFrance, while [...]
Less Liquidity — Stronger Euro. Or Not? »
Thesingle European currency tried tobreak thelatest resistance level, set 8 days ago, asthefuture ofthemacroeconomic conditions around theeuro were revised after
’s statement today. But, unfortunately fortheeuro, thegrowth wasn’t long lived.
Although theeconomical recovery, outlined bythe
President, isn’t equal throughout theEurozone, thebanker decided toreduce some ofthefinancial operations used toaid theregion. TheECB meeting also
toleave thebenchmark interest [...]