The euro started the week off by extending its recent bearish trend, as investors remain doubtful that any meaningful strategy for combating the euro-zone debt crisis will be unveiled during an EU summit later in the week.
The euro was able to close out last week’s session with moderate gains against several of its main currency rivals following an ECB decision to ease rules for funding struggling banks in the euro-zone.
Worse than expected euro-zone data, specifically the German Flash Manufacturing PMI, led to moderate risk aversion during mid-day trading yesterday. Fears that the euro-zone debt crisis could be spreading beyond Greece and Spain were reinforced following the...
Riskier currencies, including the Australian dollar and euro, were able to hold onto gains from earlier in the week during trading yesterday, as speculation that the Fed would extend its bond-buying program led to risk taking among...
Riskier currencies like the euro and Australian dollar saw moderate gains during European trading yesterday, despite negative economic data out of Germany which increased fears among investors that the euro-zone debt crisis could continue to spread.
News that pro-austerity political parties won in the Greek election held over the weekend gave the euro a boost against both the USD and JPY during overnight trading yesterday.
The euro saw gains across the board on Friday, as investors were confident that whatever the outcome of the Greek election being held over the weekend, the international community would actively work to support the euro-zone. The...
The euro failed to make significant movements in trading yesterday, despite rising Spanish and Italian bond yields which many analysts had predicted would bring the common-currency lower vs. its main rivals.
The US dollar fell against the Japanese yen during afternoon trading yesterday, after several US indicators came in below analyst forecasts. The USD/JPY dropped over 30 pips following the news, eventually reaching as low as 79.33. Turning...
The markets saw very little movement yesterday, as the combination of a slow news day and worries about the outcome of the upcoming elections in Greece caused investors to limit the number of new positions they opened.
