December 21st, 2011 at 14:24
Today, for the first time, the European Central Bank began offering three-year loans as part of a plan to provide struggling countries with the funding to avoid collapsing due to the debt crisis. Even though the measure is supposed to help eurozone countries, the euro has slipped against other major currencies.
December 08th, 2011 at 15:38
Euro is falling today as Forex traders express disappointment with the news conference from Mario Draghi. Euro had made some gains after the ECB rate cut, but those have been erased by the news that the ECB can’t do anything more for the sovereign debt crisis.
December 08th, 2011 at 14:13
US dollar is up against the euro today, and higher against other currencies right now. Greenback is gaining against the 17-nation euro as the ECB cuts its key rate to 1%, and as European banks increase their demand for dollars.
December 07th, 2011 at 19:48
Euro is gaining ground now, erasing earlier losses, as optimism returns to the Forex market. Earlier today, concerns about the gulf between Germany and France sent the euro lower. Now, there is optimism.
December 02nd, 2011 at 15:10
Euro is rallying after some earlier weakness as positive sentiment returns to the Forex market. Hopes for ECB/IMF money, as well as good news out of the US, are helping the 17-nation currency.
November 24th, 2011 at 16:01
Euro was a little higher earlier as some hope for joint euro bonds was floated. However, a press conference with three European leaders today scuttled that hope and sent the euro lower in Forex trading.
November 18th, 2011 at 13:37
Euro is heading higher today, gaining after four days of losses. Forex traders hope that the ECB’s buying of Spanish and Italian bonds will slow yield rises. Additionally, traders are optimistic as Mario Draghi urges eurozone countries to implement changes to the EFSF.
November 16th, 2011 at 16:54
Earlier, euro saw a bit of a tentative rally in Forex trading, gaining a little ground against the US dollar. Now, though, all of that momentum is gone, and euro is heading lower.
November 15th, 2011 at 13:43
Euro is lower today in Forex trading, thanks to higher bond yields in some countries, and to disappointing economic news. It looks increasingly as though EU leaders will be unable to contain the debt crisis, and markets are responding accordingly.
November 11th, 2011 at 15:09
The US dollar is pulling back as the situation in Europe stabilizes somewhat. Risk appetite is making an appearance, and the US dollar isn’t needed — for now — as a safe haven. As a result, it is down pretty much across the board.
