For the 24 hours to 23:00 GMT, EUR declined 1.32% against the USD and closed at 1.3656, as Greek Prime Minister’s decision to seek a referendum on the bailout package, raised concerns about the ability of the bailout fund to … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 2.17% against the USD and closed at 1.3839, amid doubts whether Italy’s fiscal problems would be solved by the EU’s expanded sovereign debt rescue package. In economic news, the Consumer Price … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD, on Friday, and closed at 1.4146, as a rise in Italian borrowing costs raised investors’ concerns that the European Officials had not done enough to contain the … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 2.24% against the USD and closed at 1.4178, amid announcement of a plan by the European leaders to contain the debt crisis. Eurozone leaders agreed on a deal to stem the … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.29% against the USD and closed at 1.3868. A summit in Europe failed to clear up doubts about the euro-zone, putting pressure on the Euro. Meanwhile, the greenback gained after new … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.3909, after the cancellation of a European finance ministers meeting that raised doubts whether an EU summit would deliver a bold plan to tackle … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.3923, after Germany agreed to leverage the European Financial Stability Facility to more than $1.39 trillion. In Germany, the Manufacturing Output Index declined to … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.82% against the USD, on Friday, and closed at 1.3895, over raised investors’ optimism ahead of European Officials meeting on Sunday. European Officials, on Sunday, outlined plans to aid banks and … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3782, ahead of eurozone summit on Sunday. In the Eurozone economic news, the consumer confidence declined to -19.9 in October from a revised reading … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.22% against the USD and closed at 1.3765, over revived investor’s speculation that European leaders would take aggressive steps at the weekend summit to resolve the region’s debt crisis. In economic … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.3735, as Moody Investors Service, late on Monday, warned that France’s Aaa credit rating could be at risk. Also, yesterday, Moody’s downgraded Spain’s credit … Continue reading →