For the 24 hours to 23:00 GMT, EUR rose 0.39% against the USD and closed at 1.4077, after European Central Bank President (ECB), Jean-Claude Trichet’s remarks raised expectations that the ECB could hike interest rates as soon as next month. … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.4088. Though European Union officials agreed on a permanent bailout fund at a meeting in Brussels, no concrete steps were taken to bail out … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4176, even after Portugal’s opposition party rejected austerity plans aimed at dealing with the nation’s staggering debt load. In the EU, composite Purchasing Managers … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4098, after Portugal’s parliament rejected Prime Minister Jose Socrates’s plan to impose further austerity, after the opposition voted against a government plan to impose … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.4184, amid worries that Ireland is having trouble paying off its debt, bringing sovereign-debt worries in the region again to the forefront. In the … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.30% against the USD and closed at 1.4217. The European Central Bank (ECB) President, Jean-Claude Trichet signaled that the ECB is likely to increase interest rates tentatively in the next month. … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 1.19% against the USD on Friday and closed at 1.4180. On a seasonally adjusted basis, the trade deficit in the Euro-zone widened to €3.3 billion in January from trade deficit of … Continue reading →

For the 24 hours to 23:00GMT, EUR rose 0.66% against the USD and closed at 1.4013. In the EU, construction output rose by 1.8% (M-o-M) in January following a 2.0% decline in December. In the US, consumer price index (CPI) … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD and closed at 1.3921, after Moody’s downgraded Portugal’s debt rating by two levels, highlighting concerns that European officials would not be able to prevent a wider sovereign … Continue reading →

For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3982. The EU finance commissioner, Michel Barnier stated that the EU cannot afford to delay proposals to restrict short selling over concerns that the … Continue reading →

For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3993, after the European Union leaders decided to widen the scope of a rescue fund aimed at resolving the debt crisis and reduce the … Continue reading →