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Greek Unity Government Hopes To Secure Aid
David Sumner | 09:05 | 07/11/11 - The Euro rose as Greek Prime Minister, George Papandreou, agreed to step down thereby allowing for the creation of a national unity government. According to sources, this move is aimed at securing international financing for the country as it’s expected ...
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G20 Discord Weighs On Investors
David Sumner | 08:29 | 06/11/11 - The Euro fell against the U.S. Dollar due to reports that G20 leaders failed to reach an agreement on governmental funding needed to help contain the debt crisis. According to German Chancellor Angela Merkel, the leaders have decided to wait ...
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Federal Reserve Leaves The Door Open
David Sumner | 09:35 | 03/11/11 - The U.S. Dollar fell against the Euro and the Japanese Yen as the Federal Reserve indicated that further stimulus needed to boost the economy may be implemented. This decreased demand for the U.S. currency and caused it to dip against ...
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Renewed Concerns Dampen Risk Appetite
David Sumner | 08:20 | 02/11/11 - The Euro currency fell for a third day in a row against the U.S. Dollar as investors are speculating that the Euro-zone’s rescue plan will disintegrate and the European Central Bank will cut the costs for borrowing money. The shared ...
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Japan Intervenes For Third Time
David Sumner | 08:30 | 01/11/11 - The Yen fell the most since 2008 versus the U.S. Dollar as Japan finally intervened in the foreign exchange in order to weaken its overvalued currency and combat speculation. The Finance Minister, Jun Azumi, cited exports as one of the ...
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Fitch Ratings Has Its Say
David Sumner | 08:20 | 31/10/11 - The U.S. Dollar strengthened against the Euro as reports revealed that consumer spending rose to a seasonally adjusted 0.6 percent. However, risk appetite in the world currency markets, fueled by indications that E.U. leaders may have found the solution to ...
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Italian Bond Sales Decline
David Sumner | 09:40 | 30/10/11 - The Euro currency dropped against the U.S. Dollar and the Yen as an increase in the cost of borrowing money caused a decline in Italian bond sales. This in turn fueled concerns that European leaders haven’t done enough to solve ...
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E.U. Leaders Reach Agreement
David Sumner | 08:40 | 27/10/11 - The Euro erased losses against the U.S. Dollar from the previous day due to news that Europe’s leaders reached an agreement to recapitalize the area’s banks. European leaders have set June 30th, 2012 as a target date for the region’s ...
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Yen Trades At Post-World War II Rates
David Sumner | 08:50 | 26/10/11 - Japan’s Yen traded at post-World War II rates versus the U.S. Dollar and rallied against the majority of its peers as Europe’s debt crisis fueled demand for refuge in anticipation of today’s summit. This prompted Bank of Japan officials to ...
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E.U. Leaders Intensify Efforts
David Sumner | 08:25 | 25/10/11 - Investors pared predictions for a collapse of the 17-nation currency as E.U. leaders intensified their efforts to solve the sovereign debt crisis. Some analysts have stopped forecasting that the currency may drop below $1.3400. The Euro strengthened versus the greenback ...