For the 24 hours to 23:00 GMT, EUR rose 0.97% against the USD and closed at 1.3015, amid optimism over a possible deal between Greece and its creditors. Further, Euro rose after Germany raised €2.54 billion through the issue of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.60% against the USD on Friday and closed at 1.2891, amid concerns over Greece’s fiscal crisis, as Greek officials and private creditorsstruggle to reach agreement on a debt-swap deal. Investors … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.2859, as risk appetite rose, after the news that the International Monetary Fund has proposed increasing its lending capacity and amid speculation that Greek … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.2740, as investor risk appetite improved on the back of positive economic data by Germany. In the Euro-zone, the consumer price inflation fell to … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2660, following successful bond auction in France. Ratings agency, Standard and Poor’s downgraded the EU bailout fund The European Financial Stability Facility (EFSF) by … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.35% against the USD on Friday and closed at 1.2640, after Standard & Poor’s downgraded France of its top credit rating and cut eight other euro-zone nations. EUR was further weighed … Continue reading →

For the 24 hours to 23:00 GMT, EUR advanced 0.83% against the USD and closed at 1.2813, after closely watched Spanish and Italian government debt auctions met strong investor demand at lower yields. The Euro also found support, after European … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.48% against the USD and closed at 1.2708, following a weak German GDP data. The Euro was further pressured after the head of sovereign ratings for Fitch Ratings indicated that the … Continue reading →

  For the 24 hours to 23:00 GMT, EUR retreated marginally against the USD and closed at 1.2770. Fitch Ratings agency stated that there is a “significant chance” that Italy would have its credit rating downgraded at the end of … Continue reading →

  For the 24 hours to 23:00 GMT, EUR rose 0.65% against the USD and closed at 1.2770, after German Chancellor, Angela Merkel and French President, Nicolas Sarkozy stated that they have made progress toward implementing tougher budget rules across … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD, on Friday, and closed at 1.2721. In economic news in Germany, the factory orders declined 4.8% (MoM) in November, compared to 5.0% rise in the preceding … Continue reading →