For the 24 hours to 23:00 GMT, EUR declined 0.67% against the USD and closed at 1.2775, amid renewed concerns about political uncertainty in Italy as the country’s Democratic Party leader ruled out the possibility of a broad coalition … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2861, though concerns remained that the banking solution in Cyprus could be a model used in other economically challenged European nations. Meanwhile, investor … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 1.24% against the USD and closed at 1.2857, after head of the Eurogroup, Jeroen Dijsselbloem, reportedly stated that the rescue program agreed for Cyprus represents a new template for resolving … Continue reading →

  On Friday, EUR rose 0.62% against the USD and closed at 1.2983, as sentiment improved after Cyprus agreed with Greece on a takeover of the Greek units of Cypriot banks, easing fears of the country’s exit from the Euro-zone. … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.2903, as investors feared that Cyprus may not be able to come up with a new bailout plan by next week’s deadline as … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.2939, as immediate fears about a financial meltdown in Cyprus eased following news that Cypriot government would come up with a new plan to … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.2864, after the Cypriot Parliament voted down a bank-deposit levy needed to secure a bailout, thereby raising fears over the stability of Euro-zone’s … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.2944. Earlier, the Euro came under pressure after Cyprus indicated it plans a one-time levy on bank deposits as part of a bailout deal … Continue reading →

  On Friday, EUR rose 0.34% against the USD and closed at 1.3056, as the EU leaders, at a meeting in Brussels, stated that balanced budgets remained the goal and that there was no talk of large-scale spending programs or … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.3012, as calls for greater focus on growth and less on austerity helped boost the single currency against the greenback. Leaders in the European … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.56% against the USD and closed at 1.2959, as disappointing economic data from the Europe dampened investors risk appetite. Industrial production in the Euro-zone fell 0.4% (MoM) in January, compared … Continue reading →