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 [...]
14th June 2010
The euro rose today against a hat full of currencies after investors moved towards the euro currency as better than expected industrial output data boosted the currency. The euro moved ever further away from the four-year low hit against the dollar recently, ending the session 1.3 percent up at $1.2250.
Although the euro took a big [...]
9th June 2010
Sterling rose to a 2-day high against the US dollar in Wednesdays trading as investors risk appetite grew after a Reuters report showed that Chinese exports in May grew 50% compared to the same period last year, outstripping market expectations.
Sterling hit $1.4545 against the dollar during the European trading session, ending at $1.4538 with a [...]
18th May 2010
The euro slipped further against the US dollar during Tuesday mornings trading session, nearing a four year low as concerns over the euro zone debt crisis continues. Traders await the news from a meeting, taking place later today between euro zone finance ministers, which is likely to provide more details of the trillion dollar bailout [...]
13th May 2010
The euro fell to a one week low against the US dollar and fell dramatically against the Swiss franc as investors steered away from the euro currency over concerns that fiscal tightening would lead to slower European growth.
During the New York trading session, the euro fell 0.6% against the US dollar and 0.9% against the [...]
10th May 2010
Sterling continued to rise against the US dollar during Monday’s trading, after the Bank of England announced that it was keeping interest rates at their record low and Nick Clegg released a statement saying that decisions on power sharing talks would be concluded “as soon as possible”.
The Bank of England announced earlier in the day [...]
7th May 2010
The euro regained some ground on the yen and us dollar during Friday’s trading session after hitting a 14 month low against the greenback and its lowest position since December 2001 against the yen during Thursday’s volatile trade.
The euro rose 1 percent against the dollar and 3 percent against the yen, finishing the session [...]
28th April 2010
The euro steadied on Wednesday after hitting a 1 year low against the US dollar on Tuesday after investors sold the struggling European currency over concerns that Greece and Portugal’s credit ratings had been downgraded.
The euro held firm at $1.3167 during the Asian session after falling 1.5% and hitting a low of $1.3144 the previous [...]
26th April 2010
The sterling rose against the greenback during the European trade this afternoon as traders are buoyed by optimism that the UK election will result in a government formation sturdy enough to tackle Britain’s debt deficit.
Sterling hit 1.5482 before the start of the US trading session a seven-day high, before steadying at 1.5476 a rise of [...]
21st April 2010
The Canadian dollar continued to rise on Wednesday after the Bank of Canada signalled that interest rates could rise as early as June. The Canadian dollar has seen a big rise against the yen, up nearly 11% since late February and gained another 0.3% during the session, ending at 93.62 yen.
The US dollar also saw [...]