For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3031, after the European Central bank council member, Jens Weidmann stated that inflationary pressures across the Euro-zone remain light, which investors interpreted as a … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.3033. In economic news, the non-seasonally adjusted trade surplus in Germany widened to €13.7 billion in January, from a €12.1 billion surplus recorded … Continue reading →

On Friday, EUR declined 0.87% against the USD and closed at 1.2994. Demand for the greenback soared after the reports that hiring took place at a much faster pace than expected in the US last month. The US Department of … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.00% against the USD and closed at 1.3108, after the European Central Bank (ECB) left benchmark interest rates unchanged at 0.75%, in line with the market expectations. Furthermore, the ECB President, … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.53% against the USD and closed at 1.2978, after economic data indicated that the gross domestic product in the Euro-zone contracted 0.6% (QoQ) in the Q42012, in line with market … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3047, as services PMI data released across Europe surprised market participants on the upside. Economic data showed that Germany’s services PMI rose to … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3035. Earlier the Euro came under pressure, after the release of weak investor confidence data from the Euro-zone. The Sentix investor confidence index … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, EUR declined 0.34% against the USD and closed at 1.3017, after preliminary data showed that consumer price inflation in the Euro zone slumped to an annualized rate of 1.8% in … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.3061, as political uncertainty in Italy and impending US government spending cuts reduced investors’ risk appetite. Moreover, adding to the gloom Euro-zone’s consumer price … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.67% against the USD and closed at 1.3156, after Italy saw its borrowing costs rise less than had been feared. Moreover, upbeat European economic data also helped buoy the single currency. … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3067. Earlier the Euro came under pressure, as market angst about the Euro-zone debt crisis situation re-emerged, after Italian elections served up a … Continue reading →