For the 24 hours to 23:00 GMT, EUR declined 0.77% against the USD and closed at 1.4259, amid lingering concerns about economic recovery and sovereign debt problems. In the economic news, the manufacturing Purchasing Managers Index (PMI) in the Euro … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD, on Friday, and closed at 1.4399, after the report showed that showed the US economy expanded less than expected in the second quarter of 2011. However, euro … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.4324, as weak European economic data and a jump in Italy’s borrowing costs heightened concerns over the Euro zone debt crisis. Meanwhile, the ongoing … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.4367. Standard & Poor’s on Wednesday downgraded Greece’s sovereign credit rating further into junk territory, lowering it to ‘CC’ from ‘CCC’, stating that the … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.4505, as the US edged closer to missing a dealing to raise its debt ceiling. If Congress fails to raise the nation’s debt limit … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.4372, after Moody’s Investors Service cut Greece’s credit rating. Moody’s Investors Service lowered Greece’s credit ratings from ‘Caa1’ to ‘Ca’, stating that the European … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD, on Friday, and closed at 1.4354, after Friday’s announcement of a rescue package for Greece. Euro came under pressure, over concerns that the measures announced to contain … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.00% against the USD and closed at 1.4410, after the European Union leaders agreed to a new $157 billion bailout plan for Greece to curb the debt crisis. The European Union … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.66% against the USD and closed at 1.4267, on optimism that the European politicians would take steps to resolve the debt crisis. EUR surged after the German Chancellor, Angela Merkel and … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.4174, on hopes that European officials would make progress to provide further aid for Greece at a summit later this week. In the economic … Continue reading →

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4124. Euro was pressurized after a poorly received round of European-bank stress tests and sovereign-debt worries in the US and Euro zone. In the … Continue reading →