For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2288. In its testimony to Congress, the Federal Reserve Chairman, Ben Bernanke, offered no new hints at a need for monetary stimulus. In a … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.2268. The US Dollar came under pressure amid growing speculation of monetary easing after retail sales in the US fell 0.5% (MoM) in June. … Continue reading →

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.27% against the USD and closed at 1.2241, as successful bond auction in Italy offset renewed concern over nation’s fiscal reforms after Moody’s downgraded country’s rating by two notches … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.2208, amid risk aversion among investors after European Central Bank (ECB) stated that the economic outlook remain weak in the Euro-zone. Adding to the … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2245. The greenback rose after Federal Reserve in its minutes of its latest monetary policy meeting gave no hint to stimulate the US economy, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2251, as investors questioned whether the latest agreement by European leaders to aid Spanish banks would resolve nation’s debt problems and as German court … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.2321, amid optimism that Euro-zone finance ministers meeting to discuss “breakthrough” measures for ailing Spanish bank would calm regions debt crises. The Euro received … Continue reading →

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.78% against the USD and closed at 1.2291, as risk aversion grew among investors following weak US jobs data and political disparity among Euro-zone nations. The US Bureau of … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.2388, after the European Central Bank (ECB) President, Mario Draghi, cautioned that downside risks to Euro-region growth are materializing. Yesterday, ECB also cut its … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.2524, amid weak service sector data from the Euro-zone. In the Euro-zone, services purchasing manager index (PMI) continued to remain in contraction but rose … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.2604, as speculation over a fresh round of easing by global central banks weighed on the US Dollar ahead of monetary policy meetings later … Continue reading →