20th August 2010
A recent article in Germany’s Der Spiegel newspaper outlining the dire situation in Greece has caused a flurry of selling from Asia-Pac traders unloading early in the trading session. The article pointed out that the Greek economy is suffering as much as 70% unemployment in some areas of the country caused through the extreme austerity [...]
16th August 2010
Sterling has fallen against the euro today, moving further away from the six-week high seen last week. Reuters reports the currency also moved lower versus the dollar, removing gains made earlier in Forex trading.
The news source states “Sterling is still being driven by the dollar and risk sentiment,”and underperforming the euro a little, the weak [...]
27th July 2010
The euro neared a two-month high against the dollar on Tuesday as last week’s bank stress test results showed no causes for concern and demand for riskier assets rose. Although some analysts stated that the stress tests weren’t tough enough, the euro carried on up as the dollar hit a 12-week low against a host [...]
22nd July 2010
The dollar fell to just above a 7-month low against the yen today after the Federal Reserve chairman Ben Bernanke stated that the US economic outlook remained “unusually uncertain”. This sparked a sell-off in riskier assets as investors took solace with the yen.
The dollar fell by 0.6% against the yen ending at 86.56 after [...]
20th July 2010
The euro fell from a two-month high against the dollar today as investors were wary about bank stress test results due on Friday. Analysts reckon that the gains seen by the euro over the past few weeks have been overdone and that the stress test results may show a weakness in the euro zone.
The euro [...]
16th July 2010
The euro hit a two-month high against the US dollar today as European money market rates continued to rise strengthening the shared currency. The rise comes after data showed that US consumer sentiment fell to an 11-month low in early July, driving the dollar to a seven-month low against the yen.
The euro was also bolstered [...]
12th July 2010
The dollar rose against a hat full of currencies on Monday after investors cautiously look towards this week’s euro-zone debt auctions. The debt auction for Greece is due on Tuesday and is set to sell €1.25 billion of treasury bills, with Spain and Portugal also auctioning government debt this week.
The European bank stress test data [...]
3rd July 2010
The US dollar continued to lose ground against the euro during Friday’s trading session as investors moved away from the greenback over concerns about the US economic recovery after poor US jobs data. Private payrolls struggled to reach estimated levels in June and unemployment rose for the first time in 2010 as thousands of temporary [...]
24th June 2010
Both the US dollar and yen rose against the euro during Thursday trading, as investors once again began to be concerned about Greece’s debt hanging over the euro zone. Reports have been coming in that the cost of protecting Greece’s government from defaulting on their debt has hit a record hit; this swayed investor to [...]
15th June 2010
The euro rose for the second consecutive day against the US dollar after Greece got upgraded from junk status on Monday. This eased some concerns about the euro debt crisis spreading to the wider economy.
The euro had risen to $1.2298 before losing ground and finishing the session 0.4 percent up at $1.2272. The euro also [...]