After Ireland sought financial rescue on Sunday, expectations were that this should calm the tension in European markets, and should support the euro. However, this has merely revived concerns that other European nations, especially Spain and Portugal,...
The euro dropped on concern Ireland’s debt woes will spread to other euro-zone economies such as Portugal and Spain. The possibility of an election in Ireland also pressures the euro as it may hinder the nation’s aid...
Ireland appears closer to an acceptable agreement regarding an EU/IMF jointly sponsored bailout package to assist its financial bodies with debt. Concern over a debt contagion spreading to the other peripheral economies of Spain, Portugal, and Greece,...
The EUR appears to be gaining traction against most of its currency rivals as concerns over Ireland’s debt begins to ease. However, the euro zone does not appear to be out of the woods just yet. Analysts...
Slight optimism is apparent in the markets this morning as European Union and International Monetary Fund officials travel to Dublin to discuss a possible aid package for the nation’s troubled banking sector. The Irish debt crisis is...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
US Dollar strength continues into the new week of trading as events surrounding Ireland and Greece push FX traders into safe-haven positions on the greenback.
The euro is currently trading near a 6-week low vs. the dollar amid the Irish debt crisis. Ireland has denied speculation it was seeking an aid package before tomorrow’s meeting of European finance ministers. It was also...
The main discussion in the market yesterday revolved around the European debt concerns, especially regarding Irish bonds. This has reduced risk appetite in the market and decreased appeal for the euro. As a result, the dollar continued...
The dollar declined versus riskier counterparts in early trading today, on speculations that emerging economies will let their currencies float freely and appreciate versus the USD. The rise of the Chinese yuan to the strongest level since...
