Euros time to shine

Monday, 6 June 2011 11:47

The 17 nation European currency is thriving on disappointing U.S news and Euro news about Greek debts and Interest Rates. Starting Monday, the currency opened to hit a new one-month high of 1.4658 after trading around 1.4650 on friday before the end of the week. Aiming for the 1.50- line, the Euro is shining as positive announcements push it upwards.

Swiss GDP Growth eases

Tuesday, 31 May 2011 11:33

Swiss GDP and UBS consumption Indicator were released earlier today. Gross Domestic Product was released at 0.3 for the first quarter of 2011, weaker than previoud release of 0.8% and reasonably lower than the expectations of 0.6%.

UBS consumer sentiment declined from 1.69 to 1.59 in April.

CHF tops USD and EUR

Friday, 27 May 2011 12:56

The Swiss Franc took a turn for the better as it’s rising higher against major currencies such as the American Dollar and the 17 nation currency. CHF hits all-time record highs against both currencies; USD/CHF slumped by 0.9% from 0.8620 to 0.8531, hurting the Dollar while making the Swiss merrier. The record high versus the Euro reached 1.2162.

Slight recovery for Euro after all-time low versus Swiss Franc

Thursday, 26 May 2011 11:35

Yesterday’s Euro session had mixed feelings, trading flat against the Dollar and lower versus the Streling and Swiss Franc. Today’s session seems to be a little brighter for the 17 nation European currency as it’s trading stronger against the Dollar above the 1.40 zone.

Euro losing strength

Monday, 23 May 2011 05:05

The Euro stripped down to a new two-month low, below the 1.40 zone, hitting 1.3968 earlier today versus the Dollar. Later on through the day, the Euro was trading steadily against the U.S Dollar along the lines of 1.40-41, currently lining in 1.4000.