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 [...]
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 [...]
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 [...]
19th April 2010
The yen fell against a host of major currencies on Monday as investors stayed away from riskier currencies after Chinese shares suffered their largest percentage loss since August 2009. The yen fell 0.3 percent against the US dollar ending the New York session on 92.64 after giving up 0.3 percent the previous day as well.
The [...]
16th April 2010
The dollar rose against the euro today, as investors voice their concern over how Greece will service its debt. On Thursday Greece asked for talks with the International Monetary Fund to help with the aid plan agreed at the weekend, but concerns remain on how the plan will be implemented.
The euro fell by 0.6% against [...]
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 [...]
12th November 2009
The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows [...]
2nd October 2009
The yen rose against the euro and dollar on Friday, as investors move from riskier currencies after a stream of bad US economic data. Things may get worse for the greenback later today as key US employment data is released, and if poor may accelerate the yen’s gains.
The yen saw a gain of 0.2% against [...]
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 [...]