For the 24 hours to 23:00 GMT, EUR declined 1.16% against the USD and closed at 1.2785, after French borrowing costs increased at the bond auction. The French government has sold €8 billion of various government bonds, including €4.02 … Continue reading →

  For the 24 hours to 23:00 GMT, EUR declined 0.89% against the USD and closed at 1.2935, as concerns over Euro-zone debt crisis continued to weigh on investor sentiment. Italian Former Economy Minister, Giulio Tremonti, cautioned that the biggest … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.40% against the USD and closed at 1.2986, as a surge in the Italian borrowing costs, renewed fears about the European debt crisis. Italian Treasury sold €3 billion of 5-year bonds … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.04% against the USD and closed at 1.3039, after reports that German Chancellor, Angela Merkel rejected raising the upper limit of funding for Europe’s permanent bailout mechanism. Angela Merkel told coalition … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.43% against the USD and closed at 1.3175, over investors’ speculation that European leaders are not doing enough to contain the sovereign-debt crisis. Fitch Ratings and Moody’s Investors Service, yesterday, stated … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD, on Friday, and closed at 1.3373, after an agreement by European leaders on closer fiscal ties and other measures to stem the region’s debt crisis. On Friday, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3349, after comments from European Central Bank President, Mario Draghi renewed concerns over the handling of the Euro-zone’s sovereign debt crisis. In economic news, … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3415, as German industrial production recovered at a faster-than-expected pace in October after easing for two straight months. In Germany, the industrial production rose … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.10% against the USD and closed at 1.3405, ahead of Euro-zone summit scheduled later this week. Euro also received support from reports that the European Union leaders are in talks to … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.3392, after Standard & Poor’s warned that it may downgrade the credit ratings of 15 Euro-zone nations’ if EU leaders fail to reach an … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD, on Friday, and closed at 1.3401. German Chancellor, Angela Merkel, on Friday, stated that European nations are moving toward a “fiscal union” with more stringent budgetary oversight … Continue reading →