Greece — News Archive

Euro Firm on German Consumer Confidence & Bailout for Greece

The euro was firm today as German consumer confidence improved this month and the International Monetary Fund approved another tranche of bailout for Greece.

Euro Gains Against Dollar, Even as Eurozone Debt Swells

Euro is higher against the US dollar today, even with the swelling eurozone debt. However, the greenback is one of the very few major currencies that the euro is gaining against. When compared to other major currencies, the euro is losing ground.

Euro Slumps as Uncertainty Reigns

Euro is struggling today as uncertainty about the stability of the eurozone continues to weigh on sentiment. Between disappointing economic data, and conflicting reports about funding gaps, there are worries about what could be next for the eurozone, and that is sending the 17-nation currency lower against many of its major counterparts.

Euro Drops as ECB Board Member Reiterates Low Rates

Euro is heading lower today as indications for continued loose monetary policy from the European Central Bank continue to come. Euro has dropped a reasonable amount, but is still off its low, and trying to stabilize.

Uncertain Greek Outlook Doesn’t Phase Euro

After last week’s crash, the euro appears to be starting this week on a slightly better note. Even with uncertainty surrounding Greece, the euro is managing to log gains today.

Euro Drops Amidst China, Eurozone Emerging Market Problems

Euro is heading lower today as risk aversion makes an appearance. China’s stocks slid unexpectedly, and many are starting to look at the emerging markets in the eurozone as problem areas. With bond yields on the rise in the periphery, there are concerns of yet another eurozone crisis.

Euro Lower as Risk Aversion, Dollar Dominate

Euro is heading lower today, dropping as risk aversion sets in, and as the dollar dominates the markets. Uncertainty over the eurozone, combined with the expectation that the Fed will end quantitative easing relatively soon, is sending the 17-nation currency lower against the greenback today.

Euro Lower as Unemployment Reaches Another High

Euro is heading lower today as risk aversion sets in, and as Forex traders consider that unemployment in the eurozone is hitting yet another high. With economic concerns, and with commodities in retreat, there isn’t much to support the euro right now.

Euro Steady After Yesterday’s Drop

The euro was steady today and even attempted to rally versus the US dollar. The currency sank yesterday against safe currencies after poor macroeconomic data from China and the United States spurred risk aversion on the Forex market.

Euro Manages to Log Gains after Offering Flexibility to Cyprus

Euro plunged in value to start the week, thanks in large part to the latest banking crisis, located in Cyprus. An unprecedented bank tax caused consternation over the weekend, and renewed fears about banking problems and bailout prospects. However, announced flexibility from eurozone leaders is supporting the euro right now.

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