New Finance Minister appointed in Greece

Friday, 17 June 2011 12:03

The 17-nation currency experienced another low yesterday when EUR/SUSD fell to 1.4070. The Euro slightly recovered today, in friday’s session, as it’s trading back at 1.4165.

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Philly Fed Manufacturing Index

Thursday, 16 June 2011 05:30

The Philly Fed Business Outlook Survey measures the level of a diffusion index based on surveyed manufacturers in Philadelphia. Previoud month’s Index was relesed at 3.9; this month economists expected the Index to be announced at 7.1; instead the news came out at 7.7.

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U.S Jobless Claims down by 16K

Thursday, 16 June 2011 04:29

The Euro is seen tumbling towards the downwards direction, the currency against the U.S Dollar managed to plunge to 1.40 levels; Reasoning for this can be put upon complications in Greece as the debt in Europe is receiving all the spotlight. The pair pushed a litte higher after the U.S Unemployment Claims, Building Permits and Housing Starts; trading at 1.4131.

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Euro struggling versus Dollar

Wednesday, 15 June 2011 11:31

The Euro is continuing to weaken against the U.S Dollar; after crawling back to 1.4405, it struggled to stay there and fell to presently trade at 1.4375. Euro is struggling as Greece’s debt problem resurfaced again.

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Dollar staying steady;

Tuesday, 14 June 2011 02:57

Earlier in the day, the British currency was rising higher against the Dollar; reaching 1.6426 while anticipating U.K Consumer Price Index. Meanwhile the news was expected to be released the pair rose even more to 1.6440, only to fall to 1.64 after the release and currently trade much lower at 1.6396.

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