Euro recovers slighty from it’s 7-week low; GBP/USD rises after CPI news
Last Updated on Tuesday, 17 May 2011 12:01 Written by Elena Rajkovic Tuesday, 17 May 2011 12:01
The Euro kept steady above the 1.40- line, and the 7-week low since March, as it traded between 1.4129 and 1.4174 in today’s session against the U.S Dollar. The pair mostly focused at 1.4155 while it’s currently trading at 1.4178. Portuguese bailout news eased the euro’s downward spiral against the Dollar, finding support for the currency at 1.4150.
Euro slips to 1.40- line against Dollar
Last Updated on Monday, 16 May 2011 12:50 Written by Elena Rajkovic Monday, 16 May 2011 12:50
Eurozone decided that it will help Portugal with a bailout package, which will most likely be approved on Monday, after the eurozone finance ministers accept and agree with Finland’s conditions. Portugal’s loan sums to a 78 billion euro price tag. Interest rate on the 78 billion euro Portuguese debt which will be decided by the ministers, would be between 5.5% and 6.0%.
Swiss Producer Price Index falls by 0.1%
Last Updated on Tuesday, 17 May 2011 12:00 Written by Elena Rajkovic Friday, 13 May 2011 11:02
Producer and Import Prices in Switzerland were released with lower than expected results. 0.4% was the figure expected to be released today for Swiss PPI, instead the results came out at 0.3%. Price of goods and raw materials purchased by manufacturers were lower this time, when usually the figure released is greater than the figure predicted, it means good news for the currency.
U.S Dollar gains strength
Last Updated on Friday, 13 May 2011 10:50 Written by Elena Rajkovic Friday, 13 May 2011 10:50
The U.S Dollar is continuously gaining strength against the euro, as the 17 nation currency is hit by news such as Greece’s speculating 60B bailout plan, and Portugal’s preparation to receive a bailout package. After half a year on the high end, the euro is seen to be falling.
US unemployment rate fell 44,000
Last Updated on Thursday, 12 May 2011 04:09 Written by Elena Rajkovic Thursday, 12 May 2011 04:09
The U.S is swimming in news as releases on Retail Sales, Producer Price Index and Jobless claims come out.
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