Crisis — News Archive

Hopes for End of Crisis Bring Euro Higher

The euro was higher today against all of most-traded currencies as investors speculated that the European leaders would take steps to ease the negative influence of the sovereign-debt crisis and would seek a way out of the current detrimental economic state.

Pound Drops as GDP Shrinks

The Great Britain pound dropped today after the government report showed that the UK economy contracted in the second quarter of this year more than was estimated by analysts.

Brazilian Real Rallies as There Is Still Some Hope for Europe

The Brazilian real rallied today on hopes that European politicians would find a way out of the sovereign-debt crisis that plague the countries of the European Union. Riskier currencies of emerging markets rallied on improving market sentiment.

Brent Oil Drops, Ruble Follows

The Russian ruble fell against the US dollar today after price for Brent crude oil decline amid growing concerns that the debt issues in the countries of the European Union are worsening.

Euro Rebounds, Is Rally Sustainable?

The rebounded today, posting the second day of gains, but sustainability of the rally is highly questionable. Earlier, the currency declined as European leaders struggled to find a solution for the debt problems of the European Union.

CAD Reaches Lowest Level vs. USD in 2012

The Canadian dollar continued its race down, falling to the lowest level this year against its US peer and to the four-month low versus the Japanese yen, as the situation in Europe does not shows signs of improvement, eating away appeal of commodity currencies.

Pound Drops to Lowest in Four Months as European Crisis Spreads

The Great Britain pound fell to the four-month low against the US dollar and to the three-month low versus the Japanese yen on concerns that the spreading European crisis may negatively affect the UK economy.

Crisis Gives Loonie No Quarter

Europe’s debt story continues to eat away investor’s confidence and, as a result, the Canadian currency continues to suffer. The euro feels even worse, though, and the Canadian dollar reached the highest level in almost two years against the shared European currency.

Europe Drives Loonie to Monthly Loss

The Canadian dollar fell today, heading to a monthly loss against the US dollar and a second straight monthly drop versus the Japanese yen, as the crisis in Europe eroded demand for currencies related to growth. Unsurprisingly, Canada’s currency managed to outperform the euro.

Euro Declines as Fears Grow

The euro extended its decline today amid mounting concerns about the sovereign-debt crisis in Europe and the ability of the eurozone to keep its integrity, caused by uncertainty about the June elections in Greece and signs that the crisis is spreading.

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