Euro Weakness Looking To Hold by admin 21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708.
No significant movements to report against the ye Read more ... Euro Down Slightly After Weekend On Spain Worry by admin 1 May 2012 at 4:41am
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 ... Euro Stability Still A Concern On Forex Markets by admin 24 Apr 2012 at 8:13am
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 ... Euro Mixed Against All Other Majors by admin 18 Apr 2012 at 7:53am
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 ... Fed Keeps Rates Low ? Euro Seems Without Trend by admin 14 Mar 2012 at 6:40am
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 ... Bernanke comments causes sell off by Tom 1 Mar 2012 at 4:55am
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 ... Euro firm however downside risks remain by Tom 28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ... Euro upside following Greek deal by Tom 22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ... Euro upside following Greek Deal by Tom 21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ... Euro sold as Greek Deal lingers by Tom 16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...
Uphill struggle to get Travel FX to return my cash
19 May 2012 at 5:30am Travel FX has seized £1,600 after its systems flagged up my currency exchange transaction as 'suspicious' In October last year I went to Nepal to climb the mountain Ama Dablam. I needed $2,500 in cash in order to pay the sherpas, so I searched on Google for companies that would give a better exchange rate than I would get at the airport. The best rate was offered by Travel FX, so I transferred ...
From the Archives: During Great Depression bank holiday, 'Prince' issued its ...
10 May 2012 at 10:26pm Following President Franklin Delano Roosevelt's declaration of a four-day nationwide bank holiday during the Great Depression, The Daily Princetonian issued its own currency in denominations of 25 cents. The currency first appeared on March 7, 1933, in the form of scrip, as seen in a March 18, 1933, picture in the ?Prince.? The Editorial Board of the ?Prince? was quoted in an article on the day ...
9 May 2012 at 8:18pm Irish consumers can save money in sterling thanks to a range of savings accounts which have been launched by Nationwide Building Society.
CONSUMER PRICE INDEX by alex 22 May 2012 at 1:58am
The Consumer Price Index is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is [...] Inflation Data key for GBP by alex 22 May 2012 at 12:48am
After the weekend G8 summit, sentiment on the markets was a little more upbeat yesterday. Markets took some comfort from news out of China that indicated it would fast track approvals for investment in infrastructure projects to combat a slowdown in the economy. This supports recent calls from the Chinese premier for policies to maintain growth after a series [...] Public Sector Net Borrowing by admin 21 May 2012 at 8:45am
The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is [...] Euro claws back some losses by alex 21 May 2012 at 12:43am
At the G8 summit this weekend, Greece’s political and economic upheaval, together with the growing instability in Spain and Italy, were high on the agenda as leaders sought to calm the situation. World leaders backed keeping Greece in the euro-zone and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by [...] Moody?s downgrades Spanish banks by alex 18 May 2012 at 1:41am
The potential ?Grexit? is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don?t want to risk it.
Not only Greece is in trouble. 16 Spanish banks have been downgraded by Moody?s last [...] Lower inflation expectations not good for GBP by alex 17 May 2012 at 12:53am
The UK inflation report released yesterday showed that the MPC now expect two-year inflation to be lower despite raising the near term projection. Their central inflation projection for two years ahead is 1.6%, about 0.2% lower than in February. The growth forecasts were also lowered in the near term reflecting a poor Q1 2012 and on-going concerns regarding the [...] Focus on Eurozone Politics continues by alex 16 May 2012 at 1:25am
Greece continues to capture the headlines with agreement expected today on formation of an interim Government and likely announcement of new elections as soon as 10 June. Meanwhile the first meeting between Merkel and Hollande resulted in a joint statement pledging commitment from both to keep Greece in the euro with introduction of ?growth measures? subject to adherence to [...] Currencies do not like political uncertainty by alex 15 May 2012 at 1:27am
Political risk events continue to dominate in Europe. The political deadlock continues in Greece although a Greek exit was not discussed at the Euro group meeting held yesterday, nonetheless, suggestions that Greece will leave the euro gained momentum leading to the EU Commission issuing a statement hoping that Greece would remain part of the euro [...] What if Greece Exits? by admin 14 May 2012 at 12:16am
From The Economist Online May 11th 2012, 0:22 by A.P. See original article
As the Economist argues in our briefing this week, a Greek exit from the euro zone would not just be chaotic for Greece itself but would also invite questions about the status of Portugal, Ireland and others. So what would policymakers have to [...] BoE decision today by alex 10 May 2012 at 1:08am
An event laden day lies ahead, kick started with the overnight releases of NZ Business PMI, Japanese Current Account, Trade Balance, China Trade Balance and Australian Employment data. Markets continue to be steered by the European political and sovereign debt crises and in the wake of this bond yield?s continue to remain elevated, notably Spain where [...]
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