For the 24 hours to 23:00 GMT, EUR declined 0.33% against the USD and closed at 1.3053, as weak US economic data dented investor sentiment. In the US, the Empire State manufacturing index dropped to a reading of 3.05 … Continue reading →

On Friday, EUR declined 0.27% against the USD and closed at 1.3080, as disappointing US economic data dented investor sentiment. In the US, retail sales retreated 0.4% (MoM) to $418.3 billion in March, compared to a downwardly revised rise of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.48% against the USD and closed at 1.3116. The European Central Bank (ECB), in its monthly bulletin indicated that, it would closely observe the economic and monetary developments of the … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.22% against the USD and closed at 1.3052. The Euro was hit by mixed industrial production data across the Europe. Industrial output in France rose 0.7% (MoM) in February, compared … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.3081. The Euro crossed the crucial 1.30 level after Germany bounced back with some decent economic data including the trade balance. Trade balance in … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.3029. The US Dollar dropped as traders speculated that the policy makers in the US would maintain or expand monetary stimulus measures, after … Continue reading →

  On Friday, EUR rose 0.67% against the USD and closed at 1.3012. On the economic front, retail sales in the Euro-zone dropped 0.3% (MoM) in February, compared to a revised 0.9% growth recorded in the previous month. However, German … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.60% against the USD and closed at 1.2926, as an unexpected rise in the US initial jobless claims data for the week ended 30th March 2013 pressured the greenback. However, … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.2849, after the International Monetary Fund (IMF) announced that it would contribute around €1 billion ($1.3 billion) to Cyprus, as part of the … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.2820, as weak economic data out of the Euro-zone indicated that the region was well into contraction territory last month. In economic news … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.2849. Over the weekend, the Cypriot central bank confirmed that major depositors in Cyprus’s biggest bank would lose around 60% of savings over … Continue reading →