December 15th, 2011
The dollar continued its assault on the euro Wednesday, rising to its highest since January amid concerns that Europe’s recent summit did little to alleviate its sovereign debt crisis.
Ratings agency continue to warn on European government debt, and Italy’s…
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December 14th, 2011
The dollar leveled off Tuesday morning in New York, edging away from a 2-month peak versus the euro ahead of the latest interest rate announcement from the Federal Reserve.
The beleaguered euro got a lift from a better-than-expected reading on…
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December 9th, 2011
The dollar rallied versus most major currencies on Thursday, supported by its safe haven status after the European Central Bank said it will not be expanding its bond buying program.
Earlier in the week, comments by ECB President Mario Draghi…
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December 6th, 2011
The dollar was generally weaker versus other major currencies on Monday, following the release of disappointing news on the U.S. manufacturing sector.
Markets remained focused on Europe, where French President Nicolas Sarkozy and German Chancellor Angela Merkel pledged to fight…
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December 5th, 2011
The euro was steady versus the dollar Friday morning in New York, hitting a two-week high before leveling off after a relatively solid U.S. jobs report.
German Chancellor Angela Merkel gave the single currency a boost overnight, telling the Bundestag…
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November 24th, 2011
The dollar spiked higher versus the euro on Wednesday, blasting through resistance after a dismal German bond auction heightened fears that the European sovereign debt crisis has spiraled out of hand.
German officials and the European Central Bank have downplayed…
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November 23rd, 2011
The dollar wobbled against the euro on Tuesday, unable to sustain a mid-morning rally despite mounting concerns that Europe’s sovereign debt crisis is reaching a critical phase.
The International Monetary Fund introduced a new liquidity program that would provide “emergency…
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