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 [...]
5th February 2010
The euro rose off 15-month lows today as the Swiss National Bank sold francs for euros during Asian trading. The euro has been under pressure for the last month hitting lows against a host of major currencies, but took a swift leap as the SNB stepped in.
The euro rose 0.6% against the franc to 1.4730 [...]
22nd September 2009
The dollar took another fall on Tuesday propelling the euro to a one year high against the US currency, as investors resumed selling ahead of the Federal Reserve’s monetary meeting later on this week.
Analysts believe that the fall of the dollar is also due to the Group of 20 summit to be held this week [...]
21st July 2009
The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for [...]
18th June 2009
The Swiss franc was bolstered today as the Swiss National Bank kept interest rates at a record low. This rose the Swiss franc to a one month high against the euro, whilst sterling fell sharply after weak UK sales figures were released.
The euro’s fall helped prod the dollar up as the dollar index rose by [...]