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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 ...

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Complaints to Ombudsman rocket 35%
23 May 2012 at 12:25am
Complaints to the Financial Ombudsman Service about mortgages rocketed by 35% in the last year. There were 9,537 mortgage-related complaints, compared with 7,067 in the previous year, says the FOS’s annual report covering the 12 months to the end of March. Of the complaints, 16% were against intermediaries, down from 18% the...
FTBs' scramble to save 1% Stamp Duty puts their prices up
23 May 2012 at 12:24am
First-time buyers paid 2.8% more for their homes in March as they tried to make savings of 1% in Stamp Duty. The Office for National Statistics said that first-time buyers were unique in paying higher prices this March than March of the previous year. For owner occupiers moving homes, prices decreased by...
Bridging loan industry now worth �1bn
23 May 2012 at 12:24am
The value of the bridging loan industry has broken the £1bn barrier for the first time, driven by buy-to-let investors unable to get funding elsewhere. West One’s latest quarterly bridging index found that gross lending in the 12 months from March 2011 to March 2012 rose sharply to reach £1.1bn, 21...
FSA's ban on dishonest broker upheld
23 May 2012 at 12:22am
The FSA has banned self-appointed insurance broking director Derek Wright from performing any FSA-regulated functions. Wright had previously worked as a director in the regulated insurance market, and in 2001 was disciplined by the Lloyd’s Disciplinary Tribunal. Wright thought he was not being fairly remunerated, and dishonestly diverted premiums and client...
Nearly 6,000 PPI claims totally bogus
22 May 2012 at 1:27am
Nearly 6,000 claims last year to the Financial Ombudsman for mise-selling of Payment Protection Insurance were bogus. They were from people who had never had a PPI policy. Most of the bogus claims were submitted by claims management companies. The false complaints made up less than 4% of the PPI claims received,...
Buy-to-let fund Hearthstone gets go-ahead from FSA
22 May 2012 at 12:42am
Hearthstone Investments, the buy-to-let fund quarter-owned by the estate agency chain Connells, is to launch this summer after receiving FSA approval. The UK’s first regulated residential property fund, it will give investors with as little as £1,000 access to the residential property market without having to directly own any property themselves. Although...
Mortgage lending falls 19% after Stamp Duty break ends
22 May 2012 at 12:41am
Gross mortgage lending tumbled by 19% in April, its downward trajectory propelled by the ending of the first-time buyers’ Stamp Duty holiday. Lending fell from £12.6bn in March to an estimated £10.2bn in April, says the Council of Mortgage Lenders, which warned that worse could follow if the eurozone crisis deepens. CML...
Building Societies Association launches hub for social housing
22 May 2012 at 12:40am
The Building Societies Association, together with Nationwide, has launched a shared home ownership website called The Housing Hub to bring together lenders and housing associations. It was launched at the Commons at an event hosted by MP Clive Betts. The Hub’s aim is to promote information sharing about alternative home ownership models,...
Sesame does five year deal with Mortgage Brain
22 May 2012 at 12:39am
Sesame Bankhall Group has done a long-term deal with Mortgage Brain. As a result, the All New MortgageBrain sourcing and Key point-of-sale systems will be available to members of the AR network for the next five years. John Cupis, managing director for mortgages at Sesame, said: “Sesame has a strong commitment to...
Young couples feel 'stuck' renting
22 May 2012 at 12:37am
A discount search website which noticed an increasing number of searches for mortgages requiring 5% deposits was prompted to do research among its younger users. MyVoucherCodes found as a result that most young co-habiting couples feel stuck in rental accommodation, spending an average of £6,900 a year on rent. A total of...
Asking prices stay flat as market loses momentum
21 May 2012 at 12:46am
Asking prices of properties new to the market have not risen in May – and this is the first time in a decade that this has happened. Rightmove says it is unique in the ten years that it has been in existence that new sellers in May have not raised their...
NewBuy mortgage 25% more expensive than renting
21 May 2012 at 12:45am
The cost of a NewBuy mortgage is 25% more expensive than the cost of renting. A new research paper from the property analyst firm Hometrack, says that the repayment costs are higher than those of an equity scheme such as FirstBuy, as well as being more expensive nationwide than renting. Richard Donnell,...
New insurance launches to protect against planning breaches
21 May 2012 at 12:44am
A new insurance policy has been launched to protect home buyers and owners from breaches of planning regulations that may have been committed in the past without their knowledge. The initiative, by First Title, comes in the wake of the Localism Act 2011, which has created new powers for enforcement...
House building falls as funding dries up
21 May 2012 at 12:43am
Building of new housing has fallen sharply this year. According to the Office for National Statistics, there were 24,140 house-building starts in the first quarter, down 11% on the previous quarter. Private house-building starts were 8% lower and social housing starts were 21% lower. Simon Rubinsohn, RICS chief economist, said: “The data...
Ex-Countrywide boss Hill snaps up conveyancing firm
21 May 2012 at 12:41am
Former Countrywide boss Harry Hill’s company In-Deed has bought one of the country’s top ten firms of licensed conveyancers for up to £4m after admitting that it had failed to make headway in its original ambitions. It had originally hoped to cut out introducers, such as estate agents, and deal with...
[[ct]]: Euros Dollars

NYC Shops Accepting Euros Dollar Collapse/Crash

7 Feb 2008 at 8:30am

Visual Basic Tutorial - #2 - Euro/Dollar Converter Machine

8 Sep 2010 at 6:05am

Next page: Currency Exchange Rates

If the Uk is apart of the EU then why don't they use the Euro dollar? And do they use a E U passport?

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Has killing Saddam made you feel safer?
I mean, do you really feel safer walking down the street at night, free from fear of drive by shootings, drug wars, rapists, drunk drivers, burglars, bank robbers etc. I just see this Iraq farce as such a waste of money that could be better spent protecting our own streets, giving us more police and more police resources. I certainly don't feel safer now that Saddam is dead. I think this has been a personal vendetta for Bush and Blair due to the petro dollar and Euro dollar issue in the oil trade. Saddam alive was never a threat to me so I really don't see the point in executing him. By executing him, the US and British have simply made a martyr out of him and have probably just sent many young men and women flocking to the ranks of the insurgents in Iraq. So for every car bomb or roadside bomb that kills British and US troops all I can say is "What do you expect?" For those who talk about giving justice to those killed under Saddam's regime, who is going to give justice to those killed as a result of the US and British invasion of Iraq? Estimates range from 100,000 innocents to 600,000. Who is going to serve justice on the US and British governments? For those who say that the execution was necessary, just ask yourselves for whom it was necessary - who wins most out of executing Saddam. That's right, George Dubya!!! He is the one that gets to tell gullioble right wingers that they are winning the war just because they killed some homicidal pension who the US helped put into power. George Dubya gets to say that they got Saddam, and that they need your sons and daughters to join the military and go after all that oil in Iran and potentially in Venuzuela which is all going to be sold in Euros soon, and thus damage the US economy - mmmm wait a minute, wasn't that exactly what Saddam did that pissed off George Dubya and led to this war? To Rocky. You are racist. Your views on Muslims is grounded in ignorance. Your views on WMDs is even more ludicrous. If we could see these WMDs by satellite and by the constant fly overs from the airforce, how could Saddam move them to another country without our knowing about it. Oh maybe he developed a cloak of invisibility! As for your question about whether the US and britain bomb other countries civilians - you need a little history lesson. Vietnam saw US troops kill civilians, as does the current conflict in Iraq. John Piliger the Australian journalist covered daily bombings of Iraqi civilians by US and british warplanes while patrolling the no fly zones in Iraq. Read about British collusion in Ireland and bombings of Dublin and Monaghan. Read about the number of innocent people British troops killed in N. Ireland and throughout their empire. Look how many dictators the US have helped into power and stood back and watched as they massacred the opposition in those countries! As for neo con Andy C, I bring up oil because that is exactly the reason that Saddam was executed. His crime against the US that led to the mess in Iraq was selling his oil in Euros. As for the connection to crime etc - just ask yourself how much that little war is costing and how that money could be better spend at home on making tax payers safe! You aren't smart enough to see the connection so it needs to spelt out for you. And as for running down the Bush Administration - yeah sure I don't like their foreign policies of murder and mass murder for oil but I don't need to run him or his administration down. I think he does a good enough job of alienating himself from people on his own. So crawl back into your neo con little hole in the ground and stick your tongue back up your president's a**e before that nice taste you like so much disappears.

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is it true that america is going to war with iran ,just because iran want to use the euro?
they (iran) want to change from the euro dollar to the petro dollar ...... it's a no brainer with the state of the euro power risis . if iran use the petro euro and other oil producing countries follow suit then it would be a massive disaster for the us .lets not forget that saddam switched his oil to trade in the euro ,and immediately after we invaded the powers that be switched back .as reported on the bbc .

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Euros Dollars News

YOUR MONEY; A Fee That Hides In the Luggage

20 Feb 2010 at 12:00am

Starting Monday, your credit card company will have to follow a long list of new rules. Because of legislation that President Obama signed last year, your bank won't be able to charge you a fee for spending more than your credit limit anymore, unless you've told the company that you want to be able to exceed the limit. Banks will have to give you...

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Economic Scene; Paper currency can have value without government backing, but...

15 Jan 2004 at 12:00am WHY is that dollar bill in your pocket worth anything? One answer is that it's valuable because it says it is. To the left of the portrait of George Washington, the dollar proclaims: ''This note is legal tender for all debts, public and private.'' Dollar bills are ''fiat'' money -- they are valuable because the government in power says so. People...

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Currency Updates

CurrencyUK

Euro at risk for major drop
by alex
23 May 2012 at 1:35am
The Consumer price inflation(CPI) in the UK fell to 3.0% in April, down from 3.5% in the previous month. Although this was only marginally faster than the markets had anticipated (consensus 3.1%), this will come as relief to the BOE following last month?s rise in inflation.�It is also of symbolic importance that Sir Mervyn King [...]
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 [...]

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