EUR keeps it between the lines of 1.44

Wednesday, 11 May 2011 12:05

The European currency hit a week low at 1.4253 against the American currency. Analysts are saying that the euro will probably stay at around the 1.45- line unless shaky news such as a rate hike renewal hits from the European Central Bank.

Speculation about the a Greek bailout plan was also one of the factors affecting the euro, though it is yet unknown whether a bailout package for Greece will indeed be put forward.

Greece struggles to escape downward spiral

Tuesday, 10 May 2011 12:25

Headlines has been covered with ‘Greece’ this past week as news of ridding the Euro and downgrade have been surfacing. In yesterday’s announcements Standard and Poor downgraded Greece from BB- to B while Moody’s is threatening to also downgrade the country in the near future.

ECB highly anticipated press Conference shoot Euro upwards

Thursday, 5 May 2011 01:01

UK Services PMI (Purchasing Managers’ Index) came out earlier today with weaker news than expected. April’s Activity Growth fell from March’s 57.1 to 54.3; while expectations cicled around 55.8.

GBP/USD is trading at 1.6482. EUR/GBP is trading just above the 90 cent line at 0.9016.

European currency shining at 13-month high

Wednesday, 4 May 2011 05:19

The Euro is trading better against the Greenback than it has for the past year and a half passing the border of 1.49, trading at 1.4927; a 17-month peak. The news releases have been on a toll today, announcing Retail Sales during the European Session and ADP Employement change in the US. The European Currency was not affected by the lower than expected Retail Sales and really pushed its barrier when US ADP figures were released lower than the US forecasted. The US release pushed the Euro higher against the Dollar.

USD hoping for a rise

Monday, 2 May 2011 04:53

The world’s least well-performing currency is looking out to be the USD, for the past three months. Hitting 3-year lows and struggling against the by the day; rebound seems far from real this year for America. The Euro hit 16-month high thanks to the weak dollar, and JPY has had it’s shiny moments.