The euro rose today on the hopes that the bailout, provided for Ireland, would prevent Ireland’s debt problems from spreading to other countries of the European Union.
November 18th, 2010 at 11:58
November 16th, 2010 at 22:58
The euro dropped today as Ireland’s Prime Minister claimed that the nation doesn’t seek the external aid, the concerns about Greece’s debt intensified and the investors’ sentiment turned to risk aversion.
November 16th, 2010 at 2:47
The US dollar jumped today to the highest level in almost seven weeks against the euro as the concerns about the sovereign-debt continues to plague Europe and after the favorable economic data and the rising yield on the US Treasuries increased the appeal of the US currency.
November 13th, 2010 at 0:21
The euro jumped today on the speculation that the European Union would support its most indebted nations. The euro resumed its decline later as the traders weren’t convinced.
November 04th, 2010 at 20:35
The euro surged today after the European Central Bank held the interest rates unchanged. The 16-nation shared European currency now declines versus the US dollar and the Japanese yen.
October 29th, 2010 at 14:23
The euro fell today as the European Union’s leaders discussed the permanent debt mechanism, causing the concerns about the renewed debt crisis in Europe.
September 17th, 2010 at 20:44
The euro weakened today, after it previously jumped to the highest level in more than a month, as the concerns resurfaced that some European banks may experience significant losses because of the global economic crisis and on the worries for Ireland’s economy.
September 09th, 2010 at 10:33
The euro slid today on the speculation that the banks of the European Union would have hard time to raise the funds amid the signs of the slower economic growth in the region. For now, the currency rose somewhat, but still weaker than yesterday.
August 20th, 2010 at 18:03
The euro slumped today after Axel Weber, the President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank, suggested that the European Central Bank would be required to aid European Union’s struggling economy by the end of this year.
The euro endured hard times this year as the financial crisis in the European Union made us question the very existence of the currency. Therefore, the rally it showed this summer was rather unexpected. The experts expected the rally to end soon, perhaps even this month. Does the outlook changed? Not much, though it became somewhat more bullish.