Some analysis believe the euro may fall

Thursday, 14 April 2011 12:46

Some analysis believe the euro may fall below $1.40 after recent gains made it close to 20 percent overvalued in terms of purchasing power.

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EuroDollar trading 1.45

Wednesday, 13 April 2011 01:25

For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.

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Euribor lending rates rose to near a two-year high

Wednesday, 13 April 2011 01:14

Euribor lending rates rose to near a two-year high yesterday mainly off the back of expectations that the European Central Bank will continue to increase euro zone interest rates this year. The three-month Euribor rate rose to 1.327 percent from 1.320 percent on Tuesday.

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Currency options showing possible Euro downside

Tuesday, 12 April 2011 10:28

Traders in the currency option market are still betting on downside in the euro verses the dollar, with risk reversals for short dated options still showing a solid bias for “puts” despite an 8.3 % rise in the Euro this year.

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Inflation in the UK slowed in March

Tuesday, 12 April 2011 02:06

Inflation in the UK slowed in March for the first time in eight months, consumer prices rose 4 % from a year earlier after a 4.4 % increase in February. The cost of food fell the most in almost four years due to heavy discounting at supermarkets and food outlets.

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