‘Euro’ News Archive

Another Euro Weekly Decline on EU’s Fiscal Crisis

Friday, February 19th, 2010

EuroThe euro continued to decline for another week versus important currencies around the world as the some of the Eurozone member countries’ budget deficit is shunning investors from the region, considering the economic outlook in other parts of the world is significantly more attractive to investors.

Euro Advances as Greece Concerns Considered Excessive

Tuesday, February 16th, 2010

EuroThe European single currency gained considerably versus the U.S. dollar and the Japanese yen as traders considered the lack of attractiveness for the euro too strong as Greece’s budget crisis is not so serious in terms of practical consequences for the European Union’s economy.

Euro Remains Bearish on EU-Greece Talks

Tuesday, February 16th, 2010

EuroIt seems that another week of downtrends has started today for the European single currency, as EU officials suggested that Greece will have to implement a harder budget-cut policy in order to be helped by the bloc’s financial authorities to end its growing fiscal crisis.

Euro Continues Bearish on Fiscal Crisis

Saturday, February 13th, 2010

EuroThe euro ended another week losing versus most of the 16 main trading currencies as a concrete rescue plan for several Eurozone members budget crisis hasn’t been proposed by government officials, bringing pessimism and declining confidence among traders to invest in the region.

Europe Economic Data Extends Euro’s Downtrend

Friday, February 12th, 2010

EuroThe euro is going to finish another week posting losses versus most of the 16 main traded currencies after GDP figures published today for the European Union showed worse-than-expected numbers for the region which is already suffering from Greece’s financial crisis.

EU Position Towards Greece Affects Euro

Thursday, February 11th, 2010

EuroThe euro tumbled today after an EU summit in which traders were frustrated by lack of initiative from other bloc’s members to help Greece to prevent its budget crisis to worsen, impacting the continent’s single currency attractiveness, as the region’s economic outlook remains uncertain.

Greek Tragedy Pulls Euro Down Again

Wednesday, February 10th, 2010

EuroThe euro’s advance initiated by hopes that the EU would help Greece to end its fiscal crisis ended today after speculations that the topic will not be brought in the bloc’s summit tomorrow, declining confidence among traders that the Greek budget deficit’s pessimistic scenario is close to an end.

Euro Rebounds on Greece Improved Outlook

Tuesday, February 9th, 2010

EuroThe euro rallied significantly versus currencies of its main trading partners today on speculations that the European Union will help Greece to end its financial crisis, affecting the single currency outlook in foreign-exchange markets in a positive way after weeks of pessimism.

Euro Unable to React on Debt Concern

Tuesday, February 9th, 2010

EuroThe euro remained trading near 2010 record lows reached last week as the fiscal health of several Eurozone member countries is putting the single currency under pressure before an ECB monthly bulletin to be released on Thursday this week.

Euro Touches Record Low After Weekly Drop

Saturday, February 6th, 2010

EuroThe euro ended this week posting a weekly drop versus most of the main currencies as the financial situation in several Eurozone member countries is damping demand for the single currency, after a sense of instability became predominant in the economic bloc.


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