ECB increases rates by 25bps
Thursday, 7 April 2011 08:02
ECB rates the benchmark rate by 25 bps points. This means the Main refinancing operations (fixed rate) is now 1.25%, Marginal lending facility is now 2.00% and the Deposit facility is now 0.50%
Read MoreThe European currency hits a new high of 14 months
Wednesday, 6 April 2011 03:28
The Euro continues to appreciate making a new 14-month high against the American currency, boosting it to 1.4315. Analysts remain positive believing the currency could peak even higher at 1.4320 and 1.4356…
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 MoreGfk German Confidence Index
Tuesday, 29 March 2011 12:13
Following Merkel’s defeat in an important region of Germany resulting the Euro to drop, and a speech by Trichet which made the Euro to rise slightly against the Dollar to 1.4095, more news appear to affect the currency..
Read MoreVolatile Japanese Currency, US Dollar Frail
Tuesday, 22 March 2011 01:07
Despite the nuclear chaos in Japan, the currency is still holding strong trading at approximately 80 to 81.27 with the US Dollar making the American currency persistantly fragile.
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