Eurozone Retail Sales index lower than expected, Portugal downgraded
Tuesday, 5 April 2011 04:25
The Retail Sales index data came out in Europe below expectations at 0.1% and – 0.1%, while the anticipated result was to value at 0.6% and 0.4%. Despite the unattractive news the European currency didn’t change, trading at the 1.4187 level.
Read MorePortuguese two notch downgrade causes Euro to sink
Thursday, 24 March 2011 11:21
Portuguese politics weigh the Euro down as the currency falls by 0.6% against the Dollar to a four day low at 1.4069. Moodys downgraded Portugal from A1 to A3 and outlook seems weaker for economic growth.
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