November 22nd, 2011
The dollar tumbled versus the euro in late morning dealing Monday, after reports surfaced indicating that the International Monetary Fund may provide financial aid to Italy.
Luc Everaert, the IMF’s European division, said the IMF cannot rule out targeted funds…
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November 21st, 2011
The dollar fought back from early losses versus the euro on Friday, as Germany and France argued over whether the European Central Bank should be the lender of last resort for their debt-ridden neighbors.
In a speech in Frankfurt, German…
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November 18th, 2011
The dollar wavered on Thursday, unable to extend a monthly high set earlier this week despite mounting concerns that Europe’s sovereign debt crisis will derail the global economic recovery.
A pair of encouraging U.S. economic reports gave the dollar little…
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November 17th, 2011
The dollar leveled off on Wednesday versus the euro, easing slightly from last night’s monthly high amid hopes that the global economy can find its footing in the fourth quarter.
Despite some ominous signs from Europe, analysts say that encouraging…
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November 15th, 2011
The dollar rallied in early dealing versus the euro on Monday, and gradually extended its gains in mid-day trading, as Italy continued to a pay a heavy price to borrow.
Italian 10-year yields were down to 6.64 percent, but borrowing…
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November 14th, 2011
The dollar fell sharply versus the euro on Friday, paring nearly all of its weekly gains amid hopes that Italy and Greece have made steps to avert a sovereign crisis.
Italian Senate passed austerity measures this morning, clearing the way…
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November 9th, 2011
The dollar continued to show a lack of direction versus the euro on Tuesday, where Silvio Berlusconi won a crucial vote on the country’s 2010 budget plan, but failed to secure simple majority in the Parliament.
A report on last…
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