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Euro Falls on Spain Bailout Concerns

October 9, 2012 0 Comments
Euro Falls on Spain Bailout Concerns

The single currency fell versus the greenback on Monday from its highest in last two weeks as finance ministers from European Countries decided in their meeting that Spain does not need bailout funds yet. Investors were also worried due to slower global economy as the World Bank reduced its outlook for East Asia and the […]

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Optimism of ECB’s Bond Purchases Takes Euro Higher

September 6, 2012 0 Comments
Optimism of ECB’s Bond Purchases Takes Euro Higher

The euro surged against the US dollar on Wednesday as investors build their expectations that the European Central Bank will go for more sovereign bond purchases from European countries with debt and banking crisis.

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Euro Declines Despite ECB Optimism

August 30, 2012 0 Comments
Euro Declines Despite ECB Optimism

The single currency fell against the US dollar on Wednesday despite the optimism among investors that the European Central Bank will take effective steps to handle the region’s debt problems.

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Euro Falls as German Business Sentiment Declines

August 28, 2012 0 Comments
Euro Falls as German Business Sentiment Declines

The euro dropped against the US dollar on Monday as the decline in Germany’s business sentiment turned out to be larger than what was expected in the market. Germany’s business sentiment not only dropped for the fourth consecutive month  However some traders still hoped that Germany will contribute substantially in economic growth of the single […]

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Single Currency Gains on ECB’s Decision

June 7, 2012 0 Comments
Single Currency Gains on ECB’s Decision

The euro sharply appreciated against the US dollar on Wednesday after a volatile session in reaction to the European Central Bank’s decision to keep the interest rates and economic outlook unchanged.

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Euro Volatile on IMF’s Comments

June 1, 2012 0 Comments
Euro Volatile on IMF’s Comments

The Euro advanced against the US dollar on Thursday for a moment in reaction to the report that IMF is discussing a bailout package for Spain. However, later the International Monetary Fund disappointed investors by saying that it is routine and the body consistently discuss every scenario for every country. The euro also touched its […]

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Euro Declines on Disbelief Over Region’s Debt Solution

May 23, 2012 0 Comments
Euro Declines on Disbelief Over Region’s Debt Solution

Euro ended lower on Tuesday as the investors were doubtful whether the informal meeting of European leaders would have any positive outcome regarding the solutions of single currency region’s debt problems. Moreover Greece’s escalating problems further pressurized the euro. Investors were mainly mixed over the difference between German and France. French President Francois Hollande wants […]

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Fitch Cuts Rating for Greece to CCC

May 18, 2012 0 Comments
Fitch Cuts Rating for Greece to CCC

Another major hit to euro in light of the euro zone’s sovereign debt crisis. Fitch on Thursday reduced its Greece’s sovereign rating to CCC from earlier rating of B-. The downgraded rating by Fitch came in reaction to the threat of Greece’s possible exit from the European Union. The rating CCC means “poor quality” with […]

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Single Currency Dampens on Greece Uncertainty

May 17, 2012 0 Comments
Single Currency Dampens on Greece Uncertainty

The euro further fell on and touched its lowest in four months on Wednesday as the fears over the Greece’s exit from EU kept investors more inclined towards the safe haven status of the US dollar. The European Central Bank also decided to stop providing liquidity to some of the Greece’s banks due the reason […]

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Euro Falls on Bleak Outlook

May 15, 2012 0 Comments
Euro Falls on Bleak Outlook

The single currency declined to its lowest level in last four months on fears that Greece would be excluded from the European Union. Investors were concerned that single currency is heading towards recession after the release of less than expected industrial data. Investors were also uncertain over the sluggish Chinese and global economic growth rate […]

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