For the 24 hours to 23:00 GMT on Friday, EUR rose 0.56% against the USD and closed at 1.3271, following reports that Euro-zone Finance Ministers are moving closer to agreeing a combined rescue fund of around €700 billion next week … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3197, after series of weak economic data from the Euro-zone. In Euro-zone, the preliminary manufacturing Purchasing Managers’ Index (PMI) fell to a reading of … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.3211, as risk aversion returned and market participants remained cautious as the focus shifted to Spain and away from Greece. Spanish bond yields climbed … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.3237, after Greek Prime Minister, Lucas Papademos, won parliamentary approval for second international bailout package. Meanwhile, the Federal Reserve Chairman, Ben Bernanke stated that … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.3233, after Greece completed the first phase of auction to determine the payout on credit default swaps. Risk sentiment was further boosted, after the … Continue reading →

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.75% against the USD and closed at 1.3177. Euro rose after comments from German Chancellor, Angela Merkel, that the European officials have discussed combining Euro-area bailout funds to reinforce … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3079, after the executive board of the International Monetary Fund (IMF) approved a €28 billion ($36.49 billion) loan for Greece. The approval would allow … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.38% against the USD and closed at 1.3029, amid weak data from the Europe. On a yearly basis, industrial production in the Euro-zone fell 1.2% in January, compared to a 1.8% … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.58% against the USD and closed at 1.3079, after European Central Bank council member, Jens Weidmann stated that policy makers might withdraw some of the emergency cash injected into the region’s … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.3156, after Euro-zone Finance Ministers gave their final approval to a €130 billion second bailout for Greece and turned their attention on Spain, demanding … Continue reading →

For the 24 hours to 23:00 GMT on Friday, EUR declined 1.20% against the USD and closed at 1.3116, after the International Swaps and Derivatives Association (ISDA) stated that Greece’s recent debt restructuring with private creditors constituted a “credit event”. … Continue reading →