ECB won’t let Greece fall

Tuesday, 5 July 2011 04:28

The Euro is taking a bit of a hit in today’s trading session, as the 17 nation currency traded 0.5% down from yesterday’s session, at 1.4477 against the Dollar.

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Sterling loses ground

Friday, 1 July 2011 12:08

United Kingdom’s Manufacturing PMI was released earlier today to a lower rate than initially expected. Purchasing Managers’ Index was predicted to rise even more than May’s release of 52.0, at 52.2. Instead the Index fell lower than previous announcement and lower than expected, at 51.3.

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U.S Jobless Claims at 428,000

Thursday, 30 June 2011 04:35

Initial Claims in the United States was announced at 428,000; higher than 419,000 as it was predicted by economists. The release wasn’t so bad, as the number of individuals filing for unemployment were 1,000 less than last week; which has 429,000 individuals who claimed unemployed.

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Euro losing ground versus Dollar

Thursday, 30 June 2011 02:48

The Euro/Dollar pair was seen trading as high as 1.4424 in today’s session. The pair tumbled down later on to trade at the current price of 1.4460. The lowest level recorded today 1.4457.

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Greece votes ‘yes’

Wednesday, 29 June 2011 04:25

With 155 votes of ‘yes’ Greece has enough votes to pass the Austerity Bill. Voting now continues to tomorrow, facing implementation laws.

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