February 04th, 2010 at 18:47
The euro declined today versus virtually all of 16 main traded currencies as European Central Bank officials stressed on the economic difficulties faced by multiple countries using the single currency, declining appetite for traders to purchase assets in the region.
The appeal for the U.S. currency surged today after an employment report showed another consecutive improvement suggesting that economic conditions are better in North America than in other wealthy regions around the world.
February 01st, 2010 at 3:21
The start of 2010 was rather grim for the European single currency as consumer confidence and economic acceleration decreased in the European Union, adding to the negative sentiment spread in markets but some of the bloc’s members raising budget deficits.
January 29th, 2010 at 18:24
The euro lost today versus most of main traded currencies as rising budget deficits in some Eurozone member countries is shunning investors from the region, as well as speculations suggesting that Greece would leave the single currency affected market sentiment in the Euro area.
December 04th, 2009 at 1:00
The single European currency tried to break the latest resistance level, set 8 days ago, as the future of the macroeconomic conditions around the euro were revised after Jean-Claude Trichet‘s statement today. But, unfortunately for the euro, the growth wasn’t long lived.
September 03rd, 2009 at 13:30
The euro rebounded today after a negative performance during the beginning of the week as speculations regarding the future of the Eurozone economy improved, indicating growth beyond previous forecasts, spurring the attractiveness for the euro today.
May 12th, 2009 at 10:18
After the European Central Bank policy makers’ affirmation that rates will be maintained on hold, the euro reached a 7-week high against the dollar.
May 08th, 2009 at 12:46
The dollar has posted its third week of losses against the euro, mainly due improved world financial conditions, shrinking demand for refuge currencies.
May 07th, 2009 at 14:54
The euro had a slight rise against the dollar after the European Central Bank cut its benchmark interest rate to 1 percent, a record low for the European economic bloc.
After consecutive days rallying against the dollar and the yen, the euro fell on speculations that the European Central Bank will cut its interest rates to stop the deepening recession to cause more damages in the bloc’s economy.
