Archive for the ‘Euro’ Category

Euro Rebounds Versus Dollar on German Confidence Report

Tuesday, June 16th, 2009

EuroAfter days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick European economic recovery, spurring demand for the Eurozone currency.

Euro Down as German GDP Falls More than Expected

Friday, May 15th, 2009

EuroThe Eurozone single currency declined against all other major currencies today after the news went out that the economy of Germany contracted at a fastest pace in decades last quarter.

Euro Reaches 7-Week High on Chinese Investing Improvements

Tuesday, May 12th, 2009

EuroAfter the European Central Bank policy makers’ affirmation that rates will be maintained on hold, the euro reached a 7-week high against the dollar.

Euro Goes Down, Yen Strengthens as Stocks Pared Gains

Monday, May 11th, 2009

EuroThe euro fell for the first time since May 7 against the U.S. dollar, while the Japanese yen rose against all other major currencies, as the European stock markets failed to demonstrate a commitment to move farther up.

Euro Rises Slightly After ECB Interest Rate Cut

Thursday, May 7th, 2009

EuroThe euro had a slight rise against the dollar after the European Central Bank cut its benchmark interest rate to 1 percent, a record low for the European economic bloc.

Euro Weakens on Rate Cuts Speculations

Tuesday, May 5th, 2009

EuroAfter consecutive days rallying against the dollar and the yen, the euro fell on speculations that the European Central Bank will cut its interest rates to stop the deepening recession to cause more damages in the bloc’s economy.

Euro Climbs as Pandemic Fears Ease

Wednesday, April 29th, 2009

EuroThe euro rose against the dollar and the pound as concerns involving the swine flu have eased and the reported economic confidence in the region hit the highest level in a one-year period.

Euro Strengthens on Positive Economic Reports

Thursday, April 23rd, 2009

EuroThe dollar and the yen lost ground against the euro, as an index of services and industrial production in Europe showed better than estimate numbers, creating speculations of an economic recovery in the Eurozone.

Euro Continues to Fall on ECB Policy Disagreement

Monday, April 20th, 2009

EuroThe euro weakened against the yen and slid to a one-month low against the U.S. dollar as the ECB policy makers are failing to reach a consensus to fight the growing recession in the bloc.

Euro Falls as ECB President Fails to Improve Economic Confidence

Friday, April 17th, 2009

EuroThe euro fell this Friday against major currencies and hit a one-month low against the dollar after ECB President Jean Paul Trichet failed attempt to unite the bank’s policy makers towards a common direction.


Subscribe to Forex News by E-mail:
Don't show me this offer ×