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.
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.
February 20th, 2015 at 22:17
The US dollar ended the Friday’s session mixed. The currency was flat against the euro but gained on the Great Britain pound and was slightly up versus the Japanese yen. The main driver for the currency market today was news from Europe.
February 20th, 2015 at 18:56
The euro was rather weak during the most part of the current trading session due to uncertainty about Greece and its future in the eurozone. Yet the currency bounced after reports that the Greek government and the European Union official were able to reach some form of compromise.
February 18th, 2015 at 18:14
The euro dropped today as traders felt unconvinced by rumors about probable extension of the Greek loan terms. The currency erased yesterday’s rally versus the US dollar but not against yen as the gains versus the Japanese currency were simply too big.
February 17th, 2015 at 13:28
US dollar is trading mixed today, heading higher against some currencies, but losing ground to others. The dollar index is lower today, thanks in large part to a surge in value by the euro.
February 17th, 2015 at 12:37
After Greek talks broke down earlier, the euro plunged against most of its major counterparts. However, the 19-nation currency has recovered and moved higher as investors and Forex traders take a step back and re-evaluate the situation.
February 13th, 2015 at 11:38
Euro is heading higher today, thanks in large part to the latest economic data out of the eurozone. Thanks to help from Germany, the latest GDP reading has moved higher, and that is providing help to the 19-nation currency.
February 11th, 2015 at 11:40
European Union leaders and policymakers are meeting today and tomorrow to try and figure out what should be done about Greece. Speculation about what could be next means a wary euro that is mostly lower against its major counterparts.
February 10th, 2015 at 12:50
US dollar index is heading higher against today, helped along by Greek drama as the euro struggles. There doesn’t seem to be a good solution to the Greek problem right now, and there are now calls for Greece to abandon the euro — and perhaps use the dollar.