Dollar weakening due to failed Congress agreement; Greece downgraded yet again

Monday, 25 July 2011 11:59

Today’s market opened up with news that hit hard on the Dollar; the U.S Congress was not successful in reaching an agreement on an avertion of a debt default. The Dollar was places flat-out for the Euro to climb.

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Greek payment delayed yet again

Monday, 20 June 2011 12:41

EUR/USD starts the week with a downward spiral, resulting from the failure of agreement amongst the European leaders about the Greek bailout plan. Decision has been delayed up until July, whether or not Greece will receive the 12 billion euros as part of the 110 billion euros given to Greece in last year’s crisis.

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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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