For the 24 hours to 23:00 GMT, EUR declined 0.56% against the USD and closed at 1.3451, over investors’ speculation that the spreading debt crisis would curb economic growth and pressurize the European central bank to ease monetary policy. European … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.68% against the USD and closed at 1.3527, as a rise in Italian and Spanish bond yields reduced investors’ appetite for riskier assets. In German economic news, the Gross Domestic Product … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.20% against the USD and closed at 1.3619, amid renewed fears over the Euro-zone debt crisis after the Italian bond auction and poor Euro-zone industrial data. Italy’s Treasury auctioned €3 billion … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.06% against the USD, on Friday, and closed at 1.3752, supported by hopes that Italy and Greece are getting their fiscal houses in order. Euro rose as investors’ confidence in Italy’s … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.3608, after Italy successfully completed its bond auction and positive developments in Greece on forming a new government, eased investors’ fears about the debt … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 2.14% against the USD and closed at 1.3529, after Italian government bond yields rose to 7.5%, raising fears that the country would need a bailout. In the Asian session, at GMT0400, … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.44% against the USD and closed at 1.3825, following reports that stated that Italian Prime Minister, Silvio Berlusconi would resign after the 2012 budget is approved. In economic news in Germany, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.31% against the USD and closed at 1.3764, on investor concerns that Italy was next in the line of fire in the European sovereign debt crisis. Meanwhile, Greece continued to struggle … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.33% against the USD, on Friday, and closed at 1.3773, amid continued concerns over the debt crisis in the Euro-zone. Late Sunday, the Greeck Prime Minister George Papandreou agreed to step … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.70% against the USD and closed at 1.3818, after the Greek Prime Minister George Papandreou indicated abandonment of referendum on a bailout plan. Euro was initially pressurized after the European Central … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.48% against the USD and closed at 1.3722. French President Nicolas Sarkozy stated that Greece would not receive a “single cent” in aid without holding to the terms of its bailout … Continue reading →