For the 24 hours to 23:00 GMT, EUR rose 0.05% against the USD and closed at 1.2918, amid speculation that Spain is moving closer to request sovereign bail out. In Spain, the Catalonia’s President, Artur Mas, stated a sovereign bailout … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.2907. Initially, the Euro advanced after Reuters reported that the Spanish government is ready to ask for an official bailout as soon as this … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.60% against the USD and closed at 1.2885, after Euro-zone manufacturing data came in better-than-expected. In the Euro-zone, manufacturing purchasing managers’ index (PMI) rose to a six-month high of 46.1 in … Continue reading →

For the 24 hours to 23:00 GMT on Friday, the EUR declined 0.47% against the USD and closed at 1.2852, amid risk aversion among investors following the weak US manufacturing and confidence data. In the US, the Chicago purchasing managers’ … Continue reading →

For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.2911, after Spain announced economic reforms and a tough 2013 budget based primarily on spending cuts. Speaking at a press conference, the Spain’s … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.2881, after the Bank of Spain reported that Spain’s gross domestic product would probably fall at a “significant rate” in the third quarter of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.34% against the USD and closed at 1.2897, as investors remain cautious amid uncertainty over whether Spain would request a full scale sovereign bailout. The Euro came under further pressure … Continue reading →

For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.2943, on a weaker-than-expected German sentiment survey and uncertainty over whether and when Spain would seek a bailout. In Germany, the business climate … Continue reading →

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.05% against the USD and closed at 1.2982. On Friday, the German Finance Minister, Wolfgang Schaeublem, stated that the Spain does not need a European bailout citing the nation … Continue reading →

For the 24 hours to 23:00 GMT, the EUR declined 0.57% against the USD and closed at 1.2975, after data showed that manufacturing activity in the Euro-zone remained in the contraction territory. Adding to the gloom, the Italian government revised … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.05% against the USD and closed at 1.3050. Yesterday, the Greek officials stated that the Troika of international inspectors has accepted Greek measures “worth €8.5 to 9.5 billion” out of a … Continue reading →