For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.4393, after summit talks between France and Germany failed to quell investor concerns over the future of the 17-nation eurozone. The German Chancellor, Angela … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.16% against the USD and closed at 1.4437. Euro was supported by investors speculation that the meeting between French President Nicolas Sarkozy and the German Chancellor Angela Merkel would result in … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD, on Friday, and closed at 1.4248. The greenback came under pressure, after the reports showed that the US consumer confidence fell more than expected in August. The … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.4226. The European Central Bank (ECB) indicated that it would continue to monitor ‘very closely’ all developments relating to the upside risks to price … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.61% against the USD and closed at 1.4137, amid initial speculation that France’s top-tier AAA credit rating could be downgraded. However, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings later … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.33% against the USD and closed at 1.4369, after the Federal Reserve stated that it would keep interest rates low for at least the next two years. EUR was also benefitted … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 1.01% against the USD and closed at 1.4180. Even with the US credit downgrade and the European Central Bank aggressive bond buying of Italian and Spanish bonds, the euro lost ground … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.51% against the USD, on Friday, and closed at 1.4278, after reports indicated that the European Central Bank (ECB) would commence purchasing Italian bonds in exchange for fiscal reforms. Late Friday, … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 2.00% against the USD and closed at 1.4066, after the European Central Bank (ECB) President Jean-Claude Trichet stated that he saw downside risks to the regional growth amid growing uncertainties surrounding … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.28% against the USD and closed at 1.4353. The greenback fell versus the Euro, on speculation the Federal Reserve would consider increasing monetary stimulus to counter a slowdown in the US … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4172, on speculation that the European Central Bank would signal an interest-rate hike at its meeting tomorrow. Further, the Euro was also pressurized by … Continue reading →