For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3109. Yesterday, the European Central Bank Executive board member, Joerg Asmussen, stated that the monetary policy will remain expansionary for as long as … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.24% against the USD and closed at 1.3117. Yesterday, the Federal Reserve Chairman, Ben Bernanke, stated that tapering its current asset purchases program depends upon economic and financial developments of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.69% against the USD and closed at 1.3148. The greenback stayed on back foot, ahead of Federal Reserve Chairman, Ben Bernanke’s testimony later today, in which markets anticipate that he … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3058. Yesterday, Fitch Ratings downgraded the European Financial Stability Facility (EFSF) rating to ‘AA+’ from ‘AAA’, with Stable Outlook. On the other hand, in … Continue reading →

  On Friday, EUR declined 0.20% against the USD and closed at 1.3061, after the Fitch rating agency lowered its credit rating on France to ‘AA+’ from ‘AAA’, following the nation’s uncertain economic outlook amid the ongoing Euro-zone crisis and … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3087. Yesterday, the European Central Bank (ECB) in its latest monthly economic report indicated that it sees key interest rates at present or … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 2.66% against the USD and closed at 1.3117, as the greenback came under pressure after the Federal Reserve Chairman, Ben Bernanke stated that the US central bank would continue to pursue … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.65% against the USD and closed at 1.2777, as the S&P ratings agency lowered Italy’s sovereign credit rating to ‘BBB’from‘BBB-plus’, with a ‘Negative’ outlook. Furthermore, Joerg Asmussen, a member of the … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.37% against the USD and closed at 1.2861. On the Euro-zone’s economic front, the economic scenario did not seem very bright as Germany’s trade surplus and current account surplus both narrowed … Continue reading →

  On Friday, EUR declined 0.47% against the USD and closed at 1.2831. The greenback registered gains as better-than-expected employment data in the US raised speculations that the improving US economy could prompt the Federal Reserve to lower its monetary … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.99% against the USD and closed at 1.2892, after the European Central Bank (ECB) President, Mario Draghi stated that the bank expects the key lending rates to remain at present … Continue reading →