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Asian markets drop on Eurozone debt and Chinas Inflation; Dollar rises
November 12, 2010FXstreet.com (Barcelona) – Asian stock markets have dropped on Friday weighed bu Eurozone debt woes… For more information, read our latest forex news.
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U.S. Says that EU Countries Must Work Together to Solve Debt Crisis
November 8, 2010U.S. dollar remains higher in currency trading With euro weakening in forex trading, a U.S. official says that the countries of the European Union must work together in order to solve the debt crisis in the region. While expressing confidence that the euro zone has the resources to get out of the sovereign debt mess, [...]
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Much Ado About Debt
October 28, 2010In addressing the financial/credit/economic crisis, governments around the world have lowered interest rates, bailed-out bankrupt financial insititutions, engaged in wholesale money printing, guaranteed debt, and pumped cash into their economies. However, while such programs may have had some mitigating impact on the crisis, they did little to address the underlying cause. Specifically, debt was merely [...]
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Germany Softens its Stance on Sanctions for Countries with Sovereign Debt
October 18, 2010Euro zone debt concerns continue to mount with Belgium Germany has been advocating tougher, practically automatic, penalties for euro zone countries with large amounts of sovereign debt. However, concerns about the situation have many in the euro zone worried about what could happen if the currency zone’s largest economy gets its way. There is a [...]
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Euro Gains in Forex Trading, Even with Sovereign Debt Concerns
September 28, 2010Currency trading with the euro The euro is heading higher in forex trading on the currency market today. Even though there was a bit of a hiccup earlier, causing the euro to falter against the U.S. dollar, the 16-nation currency is higher again. Euro has been struggling a bit, thanks to sovereign debt concerns. Indeed, [...]
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Euro falls hard on renewed European debt concerns
September 8, 2010The euro has dropped sharply in the last 36 hours after new data showed risky debt held by European banks could be a bigger problem than was previously indicated. The stress test of European banks performed by the European Union in July found that lenders would holding plenty of risky debt. The report indicated that [...]
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Euro Sells Off in Forex Trading
September 8, 2010EUR/USD in currency trading The euro’s sell off in forex trading on the currency market is easing today as things start to look a little bit better. Earlier, though, the euro was in a rather significant sell off, thanks to sovereign debt concerns in Europe. As a result of sovereign debt concerns, the euro dropped [...]
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Sterling Gets a Boost in Currency Trading
July 23, 2010U.K. pound surges on improved economic data The sterling is getting a boost in currency trading on the FX market today, with a little help from the latest round of economic data. British GDP is higher than expected, and that is helping the U.K. pound in forex trading. European markets in general are showing much [...]
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Is the Euro Zone Ready for Recovery?
July 15, 2010Top leaders see hope for the euro zone With the euro gaining in forex trading on the currency market today, it is little surprise that there is some optimism in Europe right now. Indeed, a top ECB member insists that there are encouraging signs of recovery. One of those signs is that there appears to [...]
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Sterling Slips in Currency Trading as Risk Aversion Makes an Appearance
June 16, 2010European debt problems affect U.K. pound in forex trading The sterling is heading a little bit lower in currency trading on the FX market as risk aversion sets in. Earlier, the U.K. pound had shown improvement in forex trading, thanks to stronger labor data. However, that is all undone now, with investor concerns creeping in. [...]
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U.S. Dollar Surges in Forex Trading on Safe Haven Demand
May 11, 2010Greenback heads higher on flight to safety The U.S. dollar is surging higher in forex trading on the currency market today as safe haven demand increases. The euro has been unable to hold on to its recent gains, and the U.S. dollar is gaining the upper hand. A flight to safety is underway as forex [...]
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Euro Tanks in Forex Trading Against the U.S. Dollar
May 4, 2010EUR/USD in currency trading The euro is tanking in forex trading against the U.S. dollar today as fallout from the Greek bailout continues. There are widespread concerns that the euro zone is loading up too much on debt, and that its solvency could be in question.
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Europe Trembles as Greek Contagion Fears Spread
April 28, 2010Euro zone looks for direction Exposure to Greek debt — and Portuguese debt (which could be the next crisis) — is harming European banks today. Indeed, stocks in Europe are lower as banks pull down indices, and cause fear with regard to exposure to these debt problems. Germany remains intractable, blocking attempts at a Greek [...]
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U.S. Debt Situation Could Contribute to Inflation
April 16, 2010U.S. dollar could remain weak in forex trading in the future The U.S. debt situation is likely to contribute to inflation in the coming years, potentially weakening the U.S. dollar in forex trading. For the most part, the U.S. economy has been able to outpace the rate of debt and inflation, preventing hyperinflation. The Forex [...]
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Euro Firms Against U.S. Dollar as Greece Adopts Austerity Plan
March 3, 2010Euro in forex trading The euro is firming in forex trading against the U.S. dollar this morning as Greece announces an austerity plan. The announcement of a plan comes despite concerns by the Greek populace with regard to austerity measures. However, the euro’s advance in currency trading has been capped somewhat by the nature of [...]