Author: Forexyard.com

The euro saw significant gains when markets opened for the week, as news that a $125 billion bailout for Spanish banks was being put together generated risk taking in the marketplace.

The euro fell against several of its main currency rivals on Friday, following another Spanish credit rating downgrade and the news that the country will require a bailout to help its ailing banking sector.

The euro hit a ten-day high against the US dollar during trading yesterday, following a positive Spanish bond auction which led to an increase in risk taking. By the end of European trading, the EUR/USD rose as...

The euro erased most of its recent gains in trading yesterday, as investors once again shifted their attention to Spain’s debt issues, which in turn led to risk aversion in the marketplace.

The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the...

The euro saw a mild upward correction during mid-day trading yesterday amid hopes that Ireland would ratify a euro-zone fiscal pact. That being said, the rally was short-lived and the EUR/USD was once again trading below 1.2400...

The euro dropped to a fresh two-year low against the US dollar yesterday, following a disappointing Italian bond auction which led to fears that the euro-zone debt crisis is spreading to other countries in the region. In...

After reaching as high as 1.2573 against the US dollar in early morning trading yesterday, the euro once again turned bearish as investor concerns regarding the health of Spanish banks weighed down on the common currency.

After a Greek poll over the weekend indicated that pro-austerity political parties are gaining popularity ahead of next month’s elections, the euro turned bullish against several of its main currency rivals to start off the week.