Euro is a little higher against its major counterparts today, taking a breather after a major slide this week. Indeed, things seem to be calming down this week following dramatic performances from both the euro and the US dollar.
March 11th, 2015 at 22:55
The euro plunged to new multi-year lows against its major rivals as negative factors persisted, driving the shared 19-nation currency down. This is not necessary bad for the eurozone as the weaker currency helps European exporters.
March 10th, 2015 at 14:22
Euro continues to struggle as concerns about Greece overshadow the entire eurozone. Euro has hit 10-year lows against the US dollar and seven-year lows against the UK pound.
March 09th, 2015 at 19:55
The euro bounced against the US dollar after reaching a new multi-year low earlier during the Monday’s trading session. The currency also gained on the Japanese yen but was unable to beat the Great Britain pound. Most market analysts believe that the current rally will be short-lived.
March 06th, 2015 at 12:21
UK pound is still struggling, thanks in large part to concerns over the low inflation rate. Bank of England policymakers left matters unchanged at its most recent meeting, and sterling is lower against many of its counterparts.
March 05th, 2015 at 19:26
The euro dropped today after the monetary policy meeting of the European Central Bank. While ECB President Mario Draghi did not make any changes to the policy, he announced the start of the planned quantitative easing program.
March 04th, 2015 at 14:47
Euro continues to struggle today, even after evidence that the eurozone economy is improving. In fact, eurozone economic progress is beating expectations. However, Greece and Ukraine continue to raise questions, and the ECB is still preparing to go forward with its money printing program. These items weigh on the 19-nation currency.
March 03rd, 2015 at 11:40
The embattled euro is losing ground again today, thanks to the latest news from other countries that indicate how far the 19-nation currency still has left to go. The continuing Greek saga isn’t helping matters, either.
March 02nd, 2015 at 12:51
UK pound is struggling today as a new week and a new month get underway. It’s expected to be a data-heavy week, and sterling is expected to be impacted. Right now, the UK pound is lower against its major counterparts.
Euro is heading higher for now, gaining ground against its major counterparts. After a great deal of political theater, a bailout deal has been reached with Greece, and there is news that euro-denominated emerging market issuance is heading it its highest level in a decade. All of this is points to a calm for the euro, but it may not last long.