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%

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The 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…

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Euro 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

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Gfk 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..

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Volatile 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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