Once again, Greece is weighing on the euro. German advisers are talking about creating an insolvency process that would allow for a country’s exit from the 19-nation currency region if that country is threatening the eurozone. The news is contributing to the euro’s struggles today.
July 23rd, 2015 at 15:16
The US dollar dropped against the euro today as Greece made additional steps to secure an aid from foreign creditors. The greenback retreated despite supportive US macroeconomic data. At the same time, the US currency gained on the Great Britain pound and was flat versus the Japanese yen.
July 23rd, 2015 at 13:35
The passage of another round of economic reforms by the Greek parliament is helping the euro today. While some are still concerned about the euro in the long-term, for now the 19-nation currency appears to be shoring up.
July 20th, 2015 at 13:54
Last week was rough for the euro, thanks to the continued drama over Greece, and concerns about what’s next for the euro. This week, the 19-nation currency seems to be ready to start off on better footing and is eking out gains. However, some of those gains may be due mainly to profit taking as Forex traders look to benefit from recent runups by other currencies.
July 16th, 2015 at 9:45
The euro slipped today, extending yesterday’s losses even though the Greek parliament voted in favor of austerity measures required to get the next tranche of a bailout from the European Union.
July 15th, 2015 at 16:15
Euro is losing ground to its major counterparts today as a report from the IMF suggests that the recent agreement reached with Greece won’t actually fix problems and that a new arrangement — likely a true fiscal union — is probably needed moving forward.
July 14th, 2015 at 15:01
Euro is struggling today as Forex traders and analysts mull over the agreement reached with Greece over the weekend. The 19 nation currency is down pretty much across the board since slipping from its earlier gains against the US dollar.
July 14th, 2015 at 0:21
The Australian dollar ticked down against its US peer but gained on the euro and the Japanese yen during Monday’s trading. The currency was mostly driven by the news from Europe and China.
July 13th, 2015 at 14:17
Euro is struggling today after the announcement that a deal has been reached with Greece in order to land another bailout. Even though the deal is supposed to prevent a “Grexit”, the reality is that the “aGreekment” may not actually go through and there are concerns about implementation.
July 13th, 2015 at 13:39
US dollar index is gaining ground today as Forex traders look ahead to what are expected to be positive data releases later this week. Greenback is trading a little mixed against its major counterparts, moving down against the pound, but the dollar index is higher.