Euro recovers slighty from it’s 7-week low; GBP/USD rises after CPI news

Tuesday, 17 May 2011 12:01

The Euro kept steady above the 1.40- line, and the 7-week low since March, as it traded between 1.4129 and 1.4174 in today’s session against the U.S Dollar. The pair mostly focused at 1.4155 while it’s currently trading at 1.4178. Portuguese bailout news eased the euro’s downward spiral against the Dollar, finding support for the currency at 1.4150.

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Euro slips to 1.40- line against Dollar

Monday, 16 May 2011 12:50

Eurozone decided that it will help Portugal with a bailout package, which will most likely be approved on Monday, after the eurozone finance ministers accept and agree with Finland’s conditions. Portugal’s loan sums to a 78 billion euro price tag. Interest rate on the 78 billion euro Portuguese debt which will be decided by the ministers, would be between 5.5% and 6.0%.

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Portugal under pressure with bailout plan

Friday, 15 April 2011 01:01

Parliamentary elections are being looked forward to on Sunday. Parties opposing a Portuguese bailout and increase in the size of EFSF are acquiring huge support. The Finns are particularly the only ones in Europe that their parliament approves the EFSF loan, and not the government. With 20% of the command, the Social Democrat Party is asserting that Portugal should be restructing its debt..

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