Two notch downgrade for Ireland

Friday, 15 April 2011 10:53

Ireland was downgraded by Moody’s Investor Services by two notches to Baa3 Baa1, possibly causing EUR/USD to dip down by 17 pips from 1.4468 to 1.4450 in the space of less than 5 minutes. EUR/USD is currently trading at 1.4492, gaining strength from its opening level.

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Euro falls hard.

Thursday, 14 April 2011 02:31

The Euro has tumbled from 1.45117 to 1.43752 this afternoon, further concerns regarding Ireland and the ECB statement that they are not going to continue bailouts forever has once again put pressure on the Euro.

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USD against EUR and JPY.

Thursday, 14 April 2011 11:55

The Euro gained almost 0.5% against the US Dollar, to trade at 1.4508; currently trading at 1.4479. US dollar also fell against the Japanese Yen, hitting a 83,20 low and currently trading at 83,37 – USD is slipping ta a 16-month low in the Asian trading market.

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Asian Markets quiet

Thursday, 14 April 2011 09:27

Asian markets were off or slight up on low volume trading. Australia is down as well but all in the 0.50~1 % levels.

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EuroDollar trading 1.45

Wednesday, 13 April 2011 01:25

For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.

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