The EUR was able to hold its recent price against the US dollar as regional investors battled over the direction of the 17-nation common currency. The two ends of the spectrum were represented by those wanting to...
Yesterday’s downgrade of Greece by Standard and Poor’s ratings agency from B to BB- has put significant pressure on the euro zone’s common currency. The euro was holding near a three-week low versus its primary currency counterpart...
The German newspaper der Spiegel noted a rumor that was floating around last Friday which said Greece had considered exiting the 17-nation euro zone during one of its recent policy meetings. Though profusely denied by German and...
With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
Today’s data releases out of Europe and the United Kingdom regarding short-term interest rates will likely be predominant in today’s market valuations and traders would be wise to keep an eye on policy statements. The buck is...
The euro appears to have fallen mildly against a number of its currency rivals yesterday after the European Union and International Monetary Fund (IMF) announced their expected plans for a bailout of Portugal. As a result, the...
With Europe and Great Britain on holiday Monday, currency traders have witnessed a relatively thin trading environment. Though debt concerns loom in the euro zone, and industrial production falters globally, the higher yielding assets like the GBP...
Forex traders, who had been hesitant to short the greenback due to a variety of reasons last week, found many justifications to push heavily against the greenback these past two days. The EUR/USD has now risen to...
The US dollar took a beating yesterday following statements from the Federal Open Market Committee (FOMC) that removed any doubt on the persistence of record low interest rates. According to the FOMC report and subsequent statement by...
The euro witnessed a sharp surge in yesterday’s trading as investors became uncertain about the monetary policy statements expected by the Fed later today. The statements to be released have caused a stir among market analysts as...
