For the 24 hours to 23:00 GMT, EUR declined 0.32% against the USD and closed at 1.3182, after Standard & Poor’s downgraded Spain’s credit rating to ‘BBB+/A-2’ from ‘A/A-1’, citing that it expects further deterioration of the country’s public … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.3225, after European Central Bank (ECB) President Mario Draghi stated that ECB expects banks to use its liquidity injection of €520 billion to … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3197, following the release of broadly weaker-than-expected US economic data on housing and consumer confidence. However, sentiments on the Euro remained weak after … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3154, on a downbeat Euro-zone economic data. Euro was also pressurized by political uncertainty in Netherlands and France. Separately, Bank of Spain stated … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.54% against the USD, on Friday, and closed at 1.3214, amid an upbeat German economic data and reassuring comments from the International Monetary Fund. Investor’s risk sentiment received a lift, … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3143, amid successful Spanish bond auction. Spanish government sold €2.54 billion worth of 2- and 10-year bonds, exceeding the government’s targeted range of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR traded almost unchanged against the USD and closed at 1.3120. The Euro-zone current account balance unexpectedly showed a deficit in February, compared to surplus in previous month. Additionally, downbeat construction output … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3127, amid persistent fears over Spanish debt woes. Earlier, Spain’s Economy Minister, Luis de Guindos, admitted that the nation is heading towards its … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3134, as better-than-expected US retail sales data, improved investors’ risk sentiment. In the US, the retail sales rose 0.8% (MoM) in March, compared … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.79% against the USD, on Friday, and closed at 1.3077, amid speculation that the European Central Bank (ECB) would restart its government bond purchase program. Additionally, a downbeat Chinese GDP … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.46% against the USD and closed at 1.3181, after European industrial production gained unexpectedly in February. However, the gains in the Euro came down later in the session, amid lack … Continue reading →