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.
Read MorePhilly 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.
Read MoreU.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.
Read MoreEuro 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.
Read MoreDollar 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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