FOREXLEARNING

Germany, markets increase pressure on Greece »

ATHENS/LUXEMBOURG (Reuters) – Uncertainty over an aid package for Greece pushed up its borrowing costs to a 12-year high on Monday, with demands from Germany for further austerity measures before aid is granted heightening the tension.

Germany

Greece tried to reassure investors on Sunday that aid would arrive in time to avert the euro zone’s first sovereign [...]

Majors tumble on Greece concerns »

The dollar rebounds while yesterday we saw retail sales in the U.S. rise and this increased the appeal of the dollar, while today investors are selling higher yielding assets therefore this boosts the dollar in markets. The Dollar Index, which measures strength of the dollar versus six major currencies, is currently inclining trading at 80.65 [...]

Leaders mull EU support tool, markets turn on Greece »

MADRID (Reuters) – Greece’s aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers.

Greece

Investors took a less rosy view, selling the euro and driving up Greek bond yields ahead [...]

PIMCO sees Greece action ineffective; UK downgrade »

TAIPEI (Reuters) – PIMCO sees Europe’s action on Greece as ineffective in fixing the country’s problems, while Britain’s sovereign debt rating could be downgraded within a year, a top executive of the world’s largest bond fund said.

Scott Mather, head of global portfolio management at Pacific Investment Management Co (PIMCO), told a briefing in Taipei on [...]

Key fundamentals from the euro zone and U.K. after introducing aid for Greece »

This week, the euro zone will release its confidence for March and unemployment for February data, while the U.K. will release its final GDP reading for the fourth quarter. However, the main focus remains on deficit issues in EU countries after offering help to Greece.
In the euro zone, confidence slipped suddenly in February after reaching [...]

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 [...]

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 [...]

Stocks eye health vote, housing, Greece »

Stocks eye health vote, housing, Greece
(Reuters) – Washington’s bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way this week as the recent rally appears to be fraying.
Democratic leaders in the House of Representatives pushed undecided members [...]

Europe divided on aid to Greece before summit »

(Reuters) – European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany’s Angela Merkel urging Athens to solve its debt problems alone and Italy’s Silvio Berlusconi strongly backing EU support.
The comments were the latest sign of divisions within the 16-nation euro zone over whether and how best to provide [...]

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 [...]