Euro News Archive

Euro Mostly Flat on Disappointing Data

Eurozone data continues to disappoint, leaving the euro mostly flat today. Even though euro is a little higher against the US dollar and the UK pound, gains have been somewhat insignificant so far. Concerns about recession in the eurozone are high, and there are still worries about sovereign debt.

Euro Struggles as Forex Traders Wonder Who’s After Greece

Even though there is something of a “risk on” attitude in the markets today, the euro isn’t benefitting. Indeed, euro is struggling today as concerns about an economic slowdown pile on top of worries about the sovereign debt crisis. Even though the Greek situation is resolved for now, some are wondering who might be next.

Euro Higher on Greece, But Could Sink on Spain

Euro is higher today, gaining as questions about Greece are resolved. Eurozone finance ministers are expected to approve a bailout package for Greece, and that is helpin the 17-nation currency. However, euro could be headed for more trouble in the future, since Spain is the next point of focus for eurozone leaders.

ECB News Helps Euro in Forex Trading

The European Central Bank announced that it will keep its benchmark interest rate at 1% today. On top of that, the ECB unexpectedly announced that it is raising the inflation projection for the eurozone. The news has been greeted with optimism about the 17-currency region, and the euro is gaining against the US dollar and other major currencies.

Euro Stabilizes as Traders Move Into Wait and See Mode

Euro is off a three-week low today as Forex traders switch to wait and see mode with regard to the Greek bond deal, and with regard to the global economy. Euro has stabilized and is even slightly higher against the other majors.

Euro Drops as Eurozone Economy Shrinks

The euro slipped today after today’s report confirmed that the eurozone economy declined last quarter, bolstering the risk aversion sentiment on the Forex market.

Euro Remains Weak Ahead of GDP Report

The euro remained weaker against the Japanese yen and the Swiss franc today, though retained its gains against the US dollar, as today’s report is expected to confirm that the eurozone economy shrank last quarter.

Euro Heads Lower — Again

Euro is heading lower — again — on the Forex market today. Concerns about the eurozone are weighing on the 17-nation currency, and general risk appetite is causing traders to favor the US dollar today.

Euro Struggles on LTRO

Euro is struggling today, especially against the US dollar. The Long-Term Refinancing Operation offered more money than expected, and that has many wondering about the stability of the European banking system. So, even though there is a measure of risk in the financial markets today, the euro isn’t feeling the good effects.

Euro Remains Weak as S&P Reduces Greece’s Rating to Selective Default

The euro remained weaker against other major currencies after yesterday’s slump as Standard & Poor’s reduced Greece’s credit ratings to selective default, adding to concerns about Europe’s debt woes.

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