Euro Gains as European Partners Decide to Finalize the Bailout Package for Greece by Next Week - February 17, 2012 22:18

The euro gained on Friday in reaction to the news that Greece’s European partners will finalize a deal for the second bailout package by the next week. Director of currency research, Boris Schlossberg from GFT commented, “The euro rose as markets became convinced that the ongoing negotiations for the Greek bailout will finally conclude next [...]

US Dollar Remains under Pressure on Successful Spanish and French Bond Auctions - December 2, 2011 23:54

The US dollar remained under pressure on Thursday despite bearish sentiments in US stock markets. The euro strengthened in reaction to the successful bond auctions of Spanish and French governments. On Thursday, Spanish government sold 3.75 billion euros of government bonds equivalent $5 billion. The Spanish bonds did saw increased in their yields but the [...]

Single Currency recovers as Euro Bonds Stabilize - November 18, 2011 23:49

The euro recovered on Thursday as the investors were optimistic on stabilization of euro bond yields. The yield on the Italian 10-year government bond fell back to 6.81 percent from 7 percent in reaction to which the euro touched its intraday high of 1.3540. However, the Spanish government‘s 10-year bond still traded above the yield [...]

Euro Gains in Hopes for Quick Implementation of Economic Reforms in Italy - November 11, 2011 22:54

The single currency gained on Thursday as investors were optimistic and hoped for quick implementation of economic reforms in Italy and Greece. Director of Currency research, Kathy Lien from GFT commented, “The main question is how quickly will we see additional action from European policy makers, Even though the euro-dollar has rallied, doing nothing is [...]

US Dollar Recovers Versus its Rivals on Greece’s Debt Crisis - November 3, 2011 23:46

The US dollar gained versus its major rival currencies on Wednesday on dependence of Greece’s bailout package on the referendum announced by Greek officials. Strategist, Sue Trinh from RBC Capital Markets commented, “Headline risk remains acute as German Chancellor [Angela] Merkel and French President [Nicolas] Sarkozy speak with the Greek government, the International Monetary Fund [...]

Euro Declines as European Leaders Remain Uncertain on Figure of Bailout Funds - October 27, 2011 23:32

The US dollar gained versus the single currency on Wednesday as the European Union leaders still failed to deliver any dollar figure for the recapitalization funds of the banks. The euro fell to 1.3911 against the US dollar on Wednesday as compared to 1.3921 on Tuesday’s North American trading session. The dollar index DXY which [...]

The Single Currency Fell on Tuesday as Slovak Parliament Rejected the Proposal for Bailout Fund - October 12, 2011 21:05

The single currency declined by the end of US session on Tuesday after a volatile day. Investors were uncertain for the euro after the Slovak parliament rejected the plan for extension of bailout funds of 440 billion euro equivalent to $600 billion. The rejection of the bailout program came in reaction to a no confidence [...]