Month: November 2010

The Irish banking and debt crisis took a turn for the worse and pushed the EUR lower on Monday against most currencies. The USD found itself back at highs against the EUR as Irish government officials started...

The Sterling lost ground to the USD on Monday under a EUR centric cloud certainly, but it must be pointed out that the U.K. has a large amount of exposure financially in Ireland through banking and this...

The JPY remains in a consolidated mode as of this morning. There have been initial reports from South Korea that there has been an escalation of troubles between the two Koreas. This situation will have to be...

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...

Market Review – 22/11/2010 22:56 GMT Euro falls due to Irish uncertainty and contagion fears Euro fell on Monday as Moody’s said it might downgrade the credit rating of Ireland by more than one level. The single...

The European debt crises continued to influence the trading dynamics during almost the whole previous trading week. Mainly, concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the...