Forex News » Euro

Euro Falls as Greek Politicians Disagree on Austerity

NewsInspector — Thu, 09 Feb 2012 01:40:29 +0000

The euro fell against the US dollar and slipped versus the Japanese yen before rebounding as Greek politicians were unable to reach an agreement about austerity measures required to secure a next portion of bailout.(...)
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Euro Recovers Some of Its Losses in Choppy Trading

MMarquit — Wed, 08 Feb 2012 15:37:07 +0000

Trading remains choppy for the euro today as traders and investors look for direction. Everyone is waiting for a Greek debt deal to be reached, and a certain amount of concern is present that nothing has been signed yet. Earlier, the euro gained against the US dollar, then fell. Now, euro is struggling higher, recovering some of its losses.

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Euro Holds Steady as Traders Await News from Greece

MMarquit — Tue, 07 Feb 2012 14:18:02 +0000

Euro is holding steady right now as Forex traders wait for news about what’s next for Greece. Financial markets around the world are waiting to see whether or not Greece will accept the austerity measures that are required for a bailout. If Greece accepts, 130 billion euros will be offered and the country will avoid default. If Greece refuses the austerity measures, it could mean a default — and the destabilization of the entire eurozone.

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Euro Drops as Talks Between Greece & Creditors Near to Conclusion

NewsInspector — Mon, 06 Feb 2012 10:59:36 +0000

The euro declined today before results of talks between Greece and its creditors will be revealed. Traders are nervous as the outcome of the discussions is uncertain and they thought that keeping the euro is too risky.(...)
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Euro Falls on Disappointing News

MMarquit — Fri, 03 Feb 2012 15:22:39 +0000

Euro is lower today, thanks to disappointing news coming out of the eurozone. The 17-nation currency is pulling back on falling retail sales and a disappointing bond auction in Portugal. Even the general enthusiasm experienced by financial markets at the latest US jobs data isn’t helping the euro right now.

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Euro Heads Lower after Recent Rally

MMarquit — Thu, 02 Feb 2012 14:15:46 +0000

Euro has been showing strength against the US dollar recently, but uncertainty is creeping into the markets. As a result, risk aversion is making an appearance, and the euro is heading lower against the US dollar, as well as heading lower against the Japanese yen and even the Great Britain pound.

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Euro Rebound as Eurozone Manufacturing Expands

NewsInspector — Wed, 01 Feb 2012 12:23:10 +0000

The euro rose today, erasing its previous losses, after a report showed that eurozone manufacturing improved this month, easing concerns about the negative impact of the European financial crisis on the region’s economy.(...)
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Euro Strengthens as Greece Makes Progress in Debt Swap Talks

NewsInspector — Tue, 31 Jan 2012 10:17:39 +0000

The euro rose today as speculation that Greece is making progress in convincing creditors to reduce the nation’s debt improved market sentiment and eased pessimism about the euro.(...)
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Forecast: No Hope for Euro in 2012?

NewsInspector — Sun, 29 Jan 2012 17:16:57 +0000

The euro had a rough time since the recession in 2008. Some people even talked about disintegration of the shared 17-nation currency. Such talks receded in 2010, but returned in 2011, though there are not many analysts who believe in a collapse in the eurozone, at least in the near future. Unfortunately for those traders who want to be bullish on the euro there are not many reasons, if any, to be optimistic about the currency.(...)
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Euro Holding On in Forex Trading

MMarquit — Fri, 27 Jan 2012 15:26:28 +0000

Euro is managing to hold to most gains made earlier today, thanks to a bit of hope out of Greece, and disappointing economic data. However, some of the euro’s early gains have been pared, and risk aversion could overpower the 17-nation currency, and send it lower.

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