Forex market participants had hard time trading last week and it is not likely that this week will be in any way better. Uncertainty and confusion created by the situation in Cyprus leads to volatile and unpredictable moves. Unsurprisingly, the euro is one of the hardest currencies to trade right now.
Bailout — News Archive
March 25th, 2013 at 15:47
After losing ground to the euro earlier, the US dollar is back on top against its European counterparts. After re-thinking the Cyprus bailout, many Forex traders are less than enthusiastic. Greenback is in demand as safe haven is sought.
March 25th, 2013 at 13:42
The Polish zloty gained today on the optimism about the bailout deal for Cyprus. Gains were contained by concerns that the rescue package will not be enough to resolve all the problems.
March 25th, 2013 at 11:30
The performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it will not be able to retain the gains.
March 19th, 2013 at 15:12
Euro is heading lower against its major counterparts today, thanks in large part to uncertainty over the vote in Cyprus. Once again, questions about the euro’s stability are being raise, and that is weighing on the 17-nation currency.
November 24th, 2012 at 12:08
The euro gained this week, posting the second consecutive weekly rally and rising to the highest level since April against the Japanese yen. The currency was firm even as Greece failed to convince other eurozone members that it should get another round of a bailout.
November 22nd, 2012 at 6:06
The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound.
November 09th, 2012 at 21:37
The euro dropped today against the US dollar and the Japanese yen, extending its decline for the third straight trading day. The shared 17-nation currency managed to outperform the pound, almost erasing its weekly loss against the currency of the United Kingdom.
October 17th, 2012 at 13:44
Euro is finding strength today, heading higher as the news out of the eurozone improves. News about Greece and Spain is helping the 17-nation currency against most of its counterparts.
October 16th, 2012 at 13:04
Once again, there are rumors that a Spanish bailout is imminent. The news is sending the euro higher, particularly against the US dollar.