Euro subdued on doubts over European Central bank bold steps

The euro was subdued against the dollar on Tuesday, trading below recent three week highs on growing doubts the European Central Bank can meet market expectations of bold steps to combat the euro zone debt crisis. The euro hit a record low against the growth-linked Australian dollar, with higher-yielding currencies retaining gains on expectations that both the ECB

A large decline in the euro currency value could save Spain

The declining value of the euro holds the key to the eurozone’s survival and could save Spain. The interest rate on Spanish government debt has soared above 7 per cent, reflecting its lack of progress in reducing its fiscal deficit and those of Val

Euro foreign exchange rate weakens further as European debt and politics weigh

The euro's foreign exchange rate weakened further in currency trading this morning as European debt concerns in Italy, Spain and political battles rage in France and the Netherlands weighed heavily ...

Euro currency could be close to brink of collapse according to the IMF

The euro currency is teetering on the brink of collapse, the IMF (International Monetary Fund) acknowledged for the first time yesterday, whilst a report from the global financial organisation admitted ...

Euro foreign exchange rate moves higher against UK sterling but remains in limbo

The foreign exchange rate of the euro was higher against UK sterling again on Tuesday, but the euro zone currency remains in limbo as choppy trading continue to dominate the ...

Euro foreign exchange rate firm as banks raise currency forecast estimates

Strategists at Bank of America and Morgan Stanley raised their currency forecast estimates for the euro's foreign exchange rate this month, as the median estimates of more than 50 strategists ...

Euro foreign exchange rate falls to one week low against US dollar on profit taking

The euro's foreign exchange rate fell to a one week low against the US dollar on Thursday on profit taking after a huge injection of cash by the ECB, with ...

EC euro zone economy updates figures to contract by 0.3 percent in 2012

The European Commission has updated it's prediction that the euro zone economy will now contract by 0.3 percent in 2012, from its previous forecast in November 2011, when it said ...

Euro foreign exchange rate hits 10 week high against UK sterling on QE, Germany

The euro's foreign exchange rate has hit a 10 week high against UK sterling on Thursday, extending currency market gains from the previous session when Bank of England minutes raised ...

Euro foreign exchange rate racks up losses against major currencies on Greece concerns

The euro's foreign exchange rate racked up losses against most major currencies on Thursday and slipped below the psychologically significant $1.30 level against the US dollar as confusion about Greece's ...
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