For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3022. However, gains were limited as Portugal’s political crisis mounted after the back-to-back resignation of ministers from Prime Minister, Pedro Passos Coelho’s coalition government … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.2975. The greenback registered gains following a 2.1% (MoM) surge in the US factory orders in May. However, the New York City current … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3069, after the Purchasing Managers’ Index (PMI) in the Euro-zone rose to a 16-month high in June, while French, Spanish and Italian manufacturing … Continue reading →

  On Friday, EUR declined 0.13% against the USD and closed at 1.3019. Early on Friday, the US Federal Reserve Governor, Jeremy Stein, stated that the Fed might consider reducing the pace of its asset purchases by September. Stein also … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3036, as a string of solid Euro-zone economic figures instilled confidence in investors. The Euro-zone’s economic sentiment indices improved in June along with … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.3016, after the European Central Bank President, Mario Draghi, highlighted downside risks to Euro-zone’s growth and stated that the central bank would retain … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.3075. The greenback registered gains as stronger-than-expected US economic data added to speculation the Federal Reserve might scale back its quantitative easing programme. … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.3135. On the economic front, Germany’s Ifo business climate index rose to a reading of 105.90 in June, while the business expectations index … Continue reading →

  On Friday, EUR declined 0.67% against the USD and closed at 1.3139, pressured by political turmoil in Greece and expectations that the Federal Reserve would pull out its monetary stimulus. Greece’s political turmoil continued after disagreement with Prime Minister’s … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.4% against the USD and closed at 1.3228. On the economic front, manufacturing activity in Germany dropped unexpectedly in June. Meanwhile, manufacturing and services PMI’s in France and the Euro-zone improved … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.83% against the USD and closed at 1.3282. The US Dollar registered gains after the Federal Reserve Chairman, Ben Bernanke indicated that the US central bank’s policy setting committee could … Continue reading →