Greenback marginally higher, after losing ground yesterday

For the 24 hours to 23:00 GMT, EUR rose 0.73% against the USD and closed at 1.3724, after the Federal Reserve Chairman, Ben Bernanke, stated that persistent weakness in the jobs market requires the Fed to maintain its record low … Continue reading

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Euro continues its upward journey

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3624. In Germany, industrial production fell 1.5% (M-o-M) in December. In France the industrial sentiment index climbed to 110.0 in January. Meanwhile, the trade … Continue reading

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EUR rebounds after having fallen initially on disappointing German factory orders

For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3592. ECB governing Council member, Yves Mersch, stated that the bank could raise interest rates to contain inflation even before it exited measures to … Continue reading

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