Author: AlgosysFx

In the previous European trading exchanges, the Euro was supported by the release of the French and Italian Industrial Production reports, which showed both improvements in August.

The New Zealand dollar is deemed to continue weakening opposite the US dollar today as bleak economic data and a downgrade of Spain’s credit rating are presumed to deter demand for commodity-linked currencies.

The Eurogroup officials said on Monday that Spain does not need a bailout as of the moment, adding to uncertainties as to when the debt-stricken country would ask for financial aid.

The European leaders finally unlocked the 500 Billion Euro-bailout fund, the European Stability Mechanism, amid increasing concerns over Greece, and uncertainties over Spain’s bailout request. With the launch of the ESM, Fitch Ratings Agency gave a triple-A...

Comments from European Central Bank President Mario Draghi that the central bank’s bond-buying program is ready to be activated supported the Euro versus the British pound in the previous European trading exchanges.

A firm stance by the European Central Bank yesterday is hoped to deliver sustained gains for the Euro currency over its British counterpart. Though the Bank of England likewise did not make any moves with regard to...

The British pound is deemed to sustain its losses opposite the US dollar as the Bank of England convenes for its monthly policy meeting today. Although the central bank is widely expected to hold off on any...

In yesterday’s European trading session, the Euro gained versus the British pound after construction activity in the UK in September remained in the contraction territory, with output and new business levels declined since the previous month, according...

The New Zealand dollar is deemed to continue its decline opposite the US dollar today as continued uncertainty over the Spanish debt situation and a dovish outlook for Australia are apt to weaken its appeal.

After climbing to 49.5 points in August, manufacturing activity in the UK contracted more than economic projections, falling to 48.4 points in September. As a result, the Great British pound suffered against the Euro in the previous...