For the 24 hours to 23:00 GMT, EUR rose 0.88% against the USD and closed at 1.3872, after the European Central Bank stated that it would take steps to provide liquidity for the region’s struggling banks. The European Central Bank … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.49% against the USD and closed at 1.3751, supported by hopes that Europe would act decisively to manage their sovereign debt crisis. Euro received support, after French President, Nicolas Sarkozy and … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3684, as rise in the US stock markets and reports that China is in talks to buy Italian bonds calmed fears about the Euro … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3660, after the reports that Italy had asked China to make “significant” purchases of Italian debt. Euro also rose against the greenback after the … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.83% against the USD, on Friday, and closed at 1.3656, after reports that the European Central Bank (ECB) Executive board member Juergen Stark resigned, citing “personal reasons”. However investors speculated that … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.21% against the USD and closed at 1.3910, after the European officials cut their forecasts for Euro-area economic growth. The European Central Bank kept the key interest rate unchanged at 1.5%. … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4081, after the German court supported the country’s involvement with euro zone bailouts. Investor sentiment was further lifted after the Italian senate approved an … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD and closed at 1.4004. In the Euro-zone, the Gross Domestic Product (GDP), on a sequential basis, grew 0.2% in the second quarter of 2011 (2Q FY2011). Additionally, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4075, amid mounting fears over Europe’s sovereign debt crisis. On the economic front, Euro-zone’s Sentix investor confidence index edged down to -15.4 in September, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD, on Friday, and closed at 1.4206, amid renewed concerns over the Euro zone debt worries after the Greek government reported its inability to meet its deficit target. … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.4266, amid a slew of lacklustre manufacturing PMI data in Europe. Meanwhile, encouraging US economic data helped to boost the US dollar. On the … Continue reading →