For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD and closed at 1.4371. German Chancellor Angela Merkel’s cabinet approved on Wednesday a modified plan of the euro zone rescue fund. European leaders agreed at the summit … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.58% against the USD and closed at 1.4435, after a weak reading on consumer sentiment reinforced concerns that the region’s economy would slow in the months ahead as political leaders struggle … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.4519, amid renewed confidence that the euro zone can withstand a lingering sovereign debt crisis and questions about the health of its banking sector. … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.85% against the USD and closed at 1.4494 on Friday. The greenback came under pressure as investors refocused on the Federal Reserve’s accommodative policy, dampening a burst of dollar-buying after Fed … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.26% against the USD and closed at 1.4372, following a disappointing German business confidence data and on speculations that Germany could ban short-selling. The euro also slipped against the greenback as … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.4409, after another round of downbeat economic data in Europe dented investor sentiment. New industrial orders in the Euro-zone declined unexpectedly by 0.7% (MoM) … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.49% against the USD and closed at 1.4431. In the economic news, the manufacturing Purchasing Managers’ Index (PMI) in the Euro-zone declined to a reading of 49.7 in August, compared to … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.4360, amid speculation that the Federal Reserve Chairman, Ben S. Bernanke would signal additional steps to bolster the US economy. The German Finance Ministry … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD, on Friday, and closed at 1.4390. The Economic and Monetary Affairs Commissioner, Olli Rehn, indicated that the European Commission plans to initiate the Euro bond proposal despite … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD and closed at 1.4311, amid rising fears that the European banking system is on the verge of a meltdown. With the region’s sovereign debt crisis unresolved despite … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4435, amid speculations that the European Central Bank was purchasing Spanish and Italian sovereign bonds. The Federal Reserve Bank of Dallas President, Richard Fisher … Continue reading →