For the 24 hours to 23:00 GMT, EUR declined 0.33% against the USD and closed at 1.3069. During the European session, the Euro received some support after Spain’s yield on 10-year government bonds fell to the lowest level since … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3112. A spokesperson for Spain’s Prime Minister stated that the country’s stance on a bailout had not changed and the government had not … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 1.07% against the USD and closed at 1.3106, amid reports that the Spanish government is drawing closer to an official bailout request. Meanwhile, Michael Meister, a deputy caucus leader of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.26% against the USD and closed at 1.2968. Yesterday, investors were left disappointed as Spain did not request financial aid over the weekend and as investors speculated that request for … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, EUR rose marginally higher against the USD and closed at 1.2934, as positive industrial production data from the Euro-zone boosted investor sentiment. On Friday, at the 2012 Annual Meetings of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.2932, amid speculation that a ratings downgrade on Spain by Standard & Poor’s would compel Madrid to formally request a bailout, which investors … Continue reading →

  For the 24 hours to 23:00 GMT, EUR ended flat against the USD and closed at 1.2859. The Euro came under pressure after Standard & Poor’s lowered Spain’s long-term credit rating to ‘BBB-’ from ‘BBB+’ and cut its short-term … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.2852, as investors sought the safety of the greenback a day the after International Monetary Fund lowered its 2012 and 2013 global growth forecasts. … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.32% against the USD and closed at 1.2973, as the International Monetary Fund lowered its growth forecast for the currency bloc and as the European leaders continue to struggle to … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, EUR rose 0.11% against the USD and closed at 1.3027, after strong US jobs data in September fuelled demand for higher-yielding currencies. The US Labor Department indicated that initial jobless … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.73% against the USD and closed at 1.3017, after European Central Bank (ECB) President, Mario Draghi reiterated that the single currency is “irreversible” and said that he remained committed to preserving … Continue reading →