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Euro Pulls Back in Forex Trading
February 4, 2012Uncertainty sends euro down on risk aversion There is just enough uncertainty in the FX market to send the euro lower today in forex trading against the US dollar. The 17-nation currency is heading lower as concerns about Greek debt remain, and as forex traders consider the United States. Indeed, Ben Bernanke just told Congress [...]
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Euro Falls on Disappointing Regional Data
February 4, 2012Euro in forex trading Euro is falling today, in spite of the general inclination toward risk appetite right now. The latest news out of the eurozone is providing disappointment, and that is sending the euro lower in forex trading. Retail sales information for December shows an unexpected drop, led by France and Germany. These are [...]
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Euro Heads Lower in Forex Trading
January 31, 201217-nation currency drops on forex market Euro is heading lower in forex trading as risk appetite flees and focus returns to Greece. Once again, it has become clear that the leaders of the eurozone lack the will or the ability to come to an agreement to save Greece. As a result, the euro is, once [...]
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Fitch downgrades 5 euro zone countries including Spain and Italy
January 29, 2012FXstreet.com (Córdoba) – On Friday, Fitch Ratings concluded its review of the six euro zone… For more information, read our latest forex news. FXstreet.com: Latest News
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UK Pound Lower Against Euro in Forex Trading
January 27, 2012Sterling drops against 17-nation currency UK pound is lower against the euro in forex trading today, dropping as concerns about the British economy acquire prominence. The British economy, which appears to be struggling, stands in contrast to the eurozone economy, led by a Germany that appears to be seeing improvement. Euro is also higher in [...]
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Euro Pulls Back in Forex Trading
January 21, 201217-nation currency falls Euro is pulling back in forex trading, after a rally that saw some of the highest levels in weeks. However, the euro is now lower against most other major currencies, struggling as an agreement in the matter of Greek debt is sought. So, even though there appears to be some measure of [...]
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Sterling down / Euro sees Correction / AUD at all time high
January 19, 2012The euro rose versus the dollar and the yen in early morning trade with stronger-than-expected GDP figures from China triggering some covering of short positions. China’s GDP growth slowed slightly in the fourth quarter of last year, rising by 8.9% as compared with the same period in 2010. While this was slower than the previous [...]
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Euro Manages to Head Higher, Even After Downgrades
January 17, 2012Euro in forex trading Euro is heading higher in forex trading today, gaining even after a number of downgrades in the eurozone. Nine eurozone countries, including France, were downgraded late Friday night, after the close of the markets. However, rumors of such a move have been persisting for weeks, so the downgrades might not have [...]
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Euro tumbles on credit downgrade
January 16, 2012Late on Friday International ratings agency, Standard& Poor’s, lowered its ratings on nine eurozone countries including triple-A rated France and Austria, citing insufficient policy initiatives by European leaders to address ongoing systemic stresses in the eurozone. Germany retained its triple-A rating, but Italy, Spain, Portugal and Read more … Forex Rate – Currency News
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Euro Sells Off in Forex Trading
January 15, 2012Disappointing data, Italian debt auction send euro lower Euro is selling off in forex trading today as disappointment sets in. US data is anemic, and that has some worried that the pace of the economic recovery might not be picking up after all. On top of that, the recent Italian debt auction did not get [...]
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Forex Flash: The euro remains at a potential crossroads after S&P donwgrades – DailyFX.com
January 15, 2012“Standard and Poor’s spared almost no one as it downgraded the sovereign credit ratings of major… For more information, read our latest forex news. FXstreet.com: Latest News
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Euro Tries to Recover Some Ground in Forex Trading
January 13, 2012Currency trading with the euro Euro dropped below the 1.2700 level earlier in trading. However, euro is back above that level, and trying to make up some lost ground. Helping the euro are comments from German chancellor Angela Merkel and ECB president Mario Draghi. The two talked about how they can help shore up the [...]
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Sterling stalls against euro however sovereign risks remain
January 11, 2012Euro/dollar has kept to a very tight range over the past 24 hours, regaining some stability and recovering ground from its lows of $ 1.2668 seen in Asian trade on Sunday night. Sentiment, however, remains fragile ahead of this week’s Italian and Spanish debt auctions, as well as key meetings on the ongoing euro zone [...]
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Sterling gains to 15 month high against Euro
January 7, 2012The euro remains under downward pressure as we head into the first weekend of the year, starting the day below the $ 1.28 level versus the dollar and well below Stg0.83p versus sterling. As well as seeing 15-month lows versus the USD, heavy losses were also seen versus the yen overnight as the single currency [...]
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Euro Continues to Struggle in Forex Trading
January 7, 2012Debt crisis concerns continue to weigh on the 17-nation currency Euro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday’s failed French bond auction is only underscoring the point, and the downgrade of Hungary isn’t helping matters, either. Additionally, shares had to stop trading on UniCredit, and Spain’s new [...]
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Asia in 2012: Resilient, but at Risk from Euro Downturn
January 7, 2012Events unfolding far from Asia’s shores could shape the region’s economic outlook for 2012. But if the global economic situation deteriorates, Asia’s policy makers still have the room to respond aggressively, say IMF economists. IMF Survey Magazine
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Euro Sovereign debt risks remain
January 5, 2012Eurozone sovereign associated risk remains the dominant theme for forex markets as trading for 2012 gets underway. After falling to a 15-month low of close to $ 1.29 versus the dollar last week, the euro has regained some composure but remains vulnerable to fresh selling against both the US and GBP. Amid increasing concerns about [...]
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Euro Slips Back Below the 1.30 Level
January 5, 2012Euro in forex trading Yesterday, the euro ended above the 1.30 mark, gaining as general optimism took over. The story has changed now, and that optimism is disappearing, replaced, once again, by fears about the eurozone. Indeed EUR/USD has slipped below the 1.30 level again, heading lower as concerns about the banking industry in Europe [...]
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Will Euro Have Even More Problems in 2012?
January 3, 2012Euro forex trading forecast Could the euro be headed even lower in forex trading for 2012? The euro closed out 2011 with lows not seen for years. In the case of the yen, euro closed lower than it had since 2001. With concerns about the eurozone debt situation, and with worries about the global economic [...]
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Euro Continues to Struggle Against the Pound
December 26, 2011UK pound seen as a relative safe haven in Europe The euro continues to struggle against the pound in forex trading, heading lower as traders prefer the British currency to the 17-nation euro. Indeed, with all of the troubles in the eurozone, many are beginning to see the pound as something of a safe haven [...]