ECB rate hike possibility hurts $
Sunday, 3 April 2011 08:01
The growing belief that the European Central Bank will be the first central bank to raise interest rates at a policy meeting next Thursday put pressure on the dollar this last week.
Read MoreEuro inflation spikes to 2.6 percent
Thursday, 31 March 2011 02:06
The central bank’s target to keep inflation lower than 2 percent isn’t looking promising as inflation jumped very high for the European currency, a lot higher than the year before and a lot higher than anticipated, to 2.6 percent..
Read MoreEuro continues to strengthen against the Dollar
Thursday, 31 March 2011 01:22
The Euro has continued to strengthen against the dollar after inflation figures were above the ECB 2% limit for the forth month in a row. Trading to levels of 1.4224 were seem, inflation numbers in the 17 nation region are around 2.6% and have risen at the fastest pace since 2008
Read MoreEuro Struggles after German Election
Monday, 28 March 2011 12:54
Angela Merkel suffered a crushing defeat in Baden-Württemberg, which plays against her leadership roles even though it was just a local vote. This caused the Euro to slip as it opened on Monday starting the new week in Asian trading.
Read MorePortuguese two notch downgrade causes Euro to sink
Thursday, 24 March 2011 11:21
Portuguese politics weigh the Euro down as the currency falls by 0.6% against the Dollar to a four day low at 1.4069. Moodys downgraded Portugal from A1 to A3 and outlook seems weaker for economic growth.
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