February 1st, 2012
The dollar continued to struggle versus the euro Tuesday morning in New York, as Greek officials assured that a deal between the nation and its private creditors is imminent.
Meanwhile, members of the European Union, except the United Kingdom and…
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January 31st, 2012
The dollar steadied Monday morning in New York, supported by lingering concerns that Greece lacks the will to work out a deal to restructure is massive sovereign debt.
European Union leaders are meeting today in Brussels to discuss a fiscal…
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January 18th, 2012
The dollar steadied on Tuesday after losses in the previous sessions, as traders remained uncertain about the outlook for the global economy.
While Chinese GDP figures signaled a soft landing for the world’s fastest growing economy, warnings about the European…
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January 16th, 2012
The euro was under renewed pressure on Friday, amid reports suggesting that ratings agency S&P will downgrade a number of euro zone nations, including France and Germany.
Multiple sources say that the ratings agency will make the move later today,…
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January 12th, 2012
The dollar rallied versus the euro on Wednesday, amd expectations that the European Central Banks may soon announce more liquidity-adding measures in support of the region’s trubled banking sector.
The ECB meets Thursday, and while no change to their benchmark…
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January 11th, 2012
The dollar was slightly weaker versus major rivals on Tuesday, but steadied in afternoon dealing amid lingering worries that Europe is not moving fast enough to quell its prolonged sovereign debt crisis.
Encouraging economic news from France and China fueled…
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January 10th, 2012
The dollar fell for the first time in four days on Monday, as traders covered short bets on the euro amid signs of progress on a new treaty to govern the euro zone.
German Chancellor Angela Merkel and French President…
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