Tag Archives: Euro
Improvement in EURO?
The European Union fiscal accord reached earlier this month has been roundly declared a disappointment, prompting analysts to declare that there’s little preventing the common currency from setting new 2011 lows. More speculation that Europe’s most-indebted nations could have their credit ratings cut will likely pressure the euro this coming week, with a slowdown in […]
EUR consolidates in Asia after slump, but still looks vulnerable
The Asian session saw EUR and AUD trade a tad heavy early on a headline that China would withhold aid until the EU meets certain conditions. But once it was ascertained that the comment came from an academic at Peking University and not a policy-maker the slide halted. Tight ranges ensued thereafter.
Sunday Times: €3 trillion deal to ‘save euro’
G20 finance chiefs meeting in Washington have started to draw up a three-pronged plan to save Greece and the eurozone from collapse The world’s leading economies last night began work on a multi-trillion-euro package to save the eurozone. G20 finance chiefs meeting in Washington started to draw up a bold plan to expand the European […]
The euro is seen to depreciate versus emerging market currencies
EUR/PLN: Is seen dropping towards the May low at 3.8933. EUR/HUF: Trades back within the 265.00/263.06 support zone which may soon give way, however. EUR/CZK: Is about to fall through the 2011 support line at 24.105 and should retest the April low at 24.04.