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.
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 MoreEUR appreciates to 15-month high
Wednesday, 20 April 2011 03:26
European currency peaks to over a year high price against the Greenback.
Read MoreUSD slips against JPY
Tuesday, 19 April 2011 01:23
The U.S dollar is edging lower against the Japanese currency in the forex market trade. USD slipped against JPY to 82.20, and is currently trading at 82.54. The US was warned that their current AAA rating by Standard & Poors is in danger of being downgraded; unless the deficit problem is being dealt with.
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