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Euro Slumps On Voting Concerns
David Sumner | 12:40 | 26/06/11 - The Euro weakened against most of its counterparts following statements by lawmaker from the Pasok Greek opposition party which indicated that he was undecided which way he would vote for the proposed policy measures. The Euro currency maintained its downward ...
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Bernanke Announces Continuation Of Stimulus
David Sumner | 08:10 | 23/06/11 - As the two-day Federal Reserve meeting came to a close, Chairman Ben Bernanke announced it was highly probable that the central bank will maintain the stimulus program. This set investors at ease, as they had grown increasingly worried that fiscal ...
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Federal Reserve Begins Two-Day Meeting
David Sumner | 07:45 | 22/06/11 - Yesterday marked the beginning of the Federal Reserve’s two-day policy meeting and while this took place, the U.S. Dollar weakened against most of its exchange peers following an increase in stocks and commodity prices. Economists believe that Chairman Bernanke may ...
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E.U. Reassures Investors
David Sumner | 07:10 | 21/06/11 - The Euro advanced against most of its trading counterparts as officials reassured investors that they could help Greece avoid a default and thereby prevent the spread of the credit crisis throughout the Euro zone. The 17-nation currency rallied as Jean-Claude ...
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Dollar’s Dovish Trend May Come To An End
David Sumner | 07:15 | 20/06/11 - As the new week begins Forex system strategists see the end of the asset-buying program as the beginning of a bullish trend for the U.S. Dollar. Meanwhile, the E.U. is working on finalizing the Greek bailout package and may withhold ...
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Germany Agrees To Compromise
David Sumner | 06:50 | 19/06/11 - As the German Chancellor Angela Merkel agreed to work together with the European Central Bank on a plan to bail out Greece, The Euro strengthened the most in two weeks against the U.S. Dollar. The 17-nation currency advanced against all ...
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Greece Looses E.U.’s Support
David Sumner | 07:40 | 16/06/11 - The Euro weakened the most in more than one month against the U.S. Dollar as the European Union remained undecided about the best way to rectify the Greek bailout plan. The 17-nation currency also decreased against its other counterparts, except ...
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Pound Rallies On Inflation Data
David Sumner | 07:25 | 15/06/11 - The Pound Sterling rallied against the Dollar as FX news reported that the U.K.’s inflation rate continued to accelerate. This boosted speculation that the Bank of England may consider a hike in interest rates. The U.S. Dollar fell against most of ...
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Speculation On News Hurts The Dollar
David Sumner | 07:35 | 14/06/11 - Anticipation that reports will show a drop in U.S. Retail Sales caused the greenback to fall against the Euro and the Yen. In addition, an increase in stock prices fueled demand for higher yielding assets, thereby further weakening the Dollar ...
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Signs Point To A Deteriorating Economy
David Sumner | 07:30 | 13/06/11 - The Euro weakened against the U.S. currency for the first time in one month as the European Central Bank revised its inflation outlook and signaled it may not raise interest rates as fast as previously anticipated. The 17-nation currency dropped ...