Euro recovers slighty from it’s 7-week low; GBP/USD rises after CPI news
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.
Read MoreEuro slips to 1.40- line against Dollar
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%.
Read MoreU.S Dollar gains strength
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.
Read MoreAussie and Yen fall after news releases
Thursday, 12 May 2011 11:23
After the news report the Japanese currency weakened contrasting the U.S Dollar and traded at USD/JPY 81.15 from 81.02. The pair is currently trading at 81.06, strengthening the yen slighty from the 13 pip fall.
The Australian Dollar also fell against the U.S Dollar after Australian news about jobless claims and employment change were released with a negative attitude; as opposed to what was expected. While jobless rates remained the same at 4.9%; employment change fell by a staggering 22.1K from an expected 17.6K.
BoE boost Sterling
Wednesday, 11 May 2011 05:37
The Bank of England reported some good news, unheard of in a long time; inflation forecasts went up and boosted the GBP/USD breaking its resistance level.
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