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Foreign exchangeForex trading
| Euro Down Slightly After Weekend On Spain Worry |
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Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain.
The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
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| Euro Stability Still A Concern On Forex Markets |
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Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021.
‘We expect fu Read more ...
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| Euro Mixed Against All Other Majors |
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The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro.
The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
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| Fed Keeps Rates Low – Euro Seems Without Trend |
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The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar.
The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
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| Bernanke comments causes sell off |
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Market sentiment received a bit of a boost yesterday when the results of the ECB’s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks €529.5 billion, somewhat above the €450 billion that the market had been anticipating and the €489 billion lent to 523 fi Read more ...
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