The euro erased its yesterday’s gains against the US dollar and was flat today as Greece struggles to reach an agreement with creditors on a debt reduction. The currency fell versus the Japanese yen yesterday and continued to fall today.
Euro Lower as Greece Causes Trouble — Again
January 24th, 2012 at 15:19
Greece faded from the spotlight for a little while, but the erstwhile country is back on center stage as debt talks once again look to be on the verge of collapse. As a result of uncertainty in Greece, and due to other issues in the eurozone, it is little surprise that the euro’s recent rally has lost momentum.
Yen Goes Down as European Manufacturing & Services Improve
The Japanese yen declined today after positive data about European manufacturing and service industries reduced demand for safety of Japan’s currency.
EUR/USD Reaches Two-Week High
January 23rd, 2012 at 13:29
The euro reached the highest price in more than two weeks against the US dollar today as European financial ministers discuss measures for dealing with the region’s fiscal crisis.
Euro Drops as Greek Debt Talks Resume
January 20th, 2012 at 16:45
Euro is dropping, falling from highs not seen for two weeks, as Greek debt talks resume. They’re still working out the details with private bondholders on how to proceed. The euro’s recent rally has been based on the idea of the Greek deal getting done — and continued talks have some Forex traders nervous.
Japanese Yen Mixed as Uncertainty Creeps In
January 20th, 2012 at 14:34
Japanese yen is mixed today, heading higher against the euro, but lower against the US dollar and the UK pound. Uncertainty about Greece is creeping into the picture, weighing on the euro, but there is enough good news — so far — that other high beta currencies are maintaining their gains.
Euro Breaks through 1.29 Level
January 19th, 2012 at 16:50
Euro is breaking higher today, moving through the 1.29 level against the US dollar. Good news regarding debt auctions in Europe, plus good labor market news in the United States, has Forex traders looking for higher yields.
Spain & Greece Successfully Sell Debt, EUR/JPY Advances, USD/JPY Down
January 18th, 2012 at 4:08
The Japanese yen rose against the dollar, but fell versus the euro today as sentiment about the situation in Europe improved after Spain and Greece successfully auctioned their debt, reducing demand for safer currencies.
Euro Gains as Borrowing Costs Drop
January 17th, 2012 at 14:34
Euro is gaining in Forex trading today, with a measure of optimism returning as Greek and Spanish borrowing costs drop. Also helping the euro is the good news coming out of Germany, with a better than expected ZEW.
Euro’s Rally This Week Takes Hit from Standard & Poor’s
This week looked good for the euro as Forex traders felt a little less concerned about the situation in Europe, but then Standard & Poor’s came in and spoiled traders’ mood.