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U.S. Reports Higher Unemployment
David Sumner | 09:40 | 10/07/11 - The U.S. Dollar dropped as reports showed that Unemployment rose to its highest level this year and companies added the least number of employees in 9 months. This fueled demand for refuge currencies and weakened the U.S. currency versus the ...
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Market Reacts To Portugal Rating Downgrade
David Sumner | 08:20 | 07/07/11 - The Euro fell against the U.S. Dollar on the second day after Moody’s Investors Services downgraded Portugal’s debt rating to junk. The money currency market reacted with fear since this is the second nation in the Euro zone to have ...
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Portugal’s Debt Rating Downgraded
David Sumner | 07:50 | 06/07/11 - The Euro dropped versus the U.S. Dollar after Moody’s Investors Services reduced Portugal’s government debt rating to junk and issued a statement indicating that banks intending to roll over Greek bonds may receive impairment charges. The new rating for Portugal ...
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S & P’s Comments Affect Market Sentiment
David Sumner | 07:15 | 05/07/11 - The Euro rate remained unchanged against the U.S. Dollar but dropped versus the Yen as statements from the S & P’s rating agency derailed market sentiment. The S & P stated that what the French Banking Federation described as a ...
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China’s Metrics Cause Market Concern
David Sumner | 08:15 | 04/07/11 - The Euro currency rose for the first time in weeks after the Greek Parliament approved the implementation of austerity measures proposed by Prime Minister George Papandreou. Investors are speculating that the ECB will raise the costs of borrowing money and ...
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Market Sentiment Weakens Franc
David Sumner | 08:50 | 03/07/11 - The Swiss Franc dropped against most of its peers as market sentiment gravitated towards risk appetite. This optimism was based on the sentiment that policy makers managed to prevent the possibility of a Greek default. The Franc traded lower than ...
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Greek Parliament Approves Cuts
David Sumner | 07:55 | 30/06/11 - The Euro advanced against the U.S. Dollar on anticipation that the European Central Bank will boost the costs of borrowing money now that the Greek Parliament’s vote is out of the way. However, the currency reacted strangely and dipped below ...
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Optimism Boosts Euro
David Sumner | 08:35 | 29/06/11 - The Euro benefitted from speculation that the Greek Parliament will approve the proposed austerity measures. The vote on the austerity package itself is expected to take place tomorrow, but Parliament will vote later on today in regards to the proper ...
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Investors Await Parliament Vote
David Sumner | 07:50 | 28/06/11 - The Euro advanced against the U.S. Dollar and the Yen for the first time in four days as investors believe the Greek Parliament will approve the proposed austerity measures. Furthermore, the 17-nation currency rose versus its other trading peers as ...
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BIS Speaks Out
David Sumner | 12:50 | 27/06/11 - The Bank for International Settlements issued a statement indicating that central banks around the globe need to raise interest rates in order to avert the growing problems that inflation is causing. BIS officials believe that stricter fiscal policy is needed ...