Friday, 25th September 2020

European Union News Page 2.html

This is the category page for all European Union news here on ukfx.co.uk...

Euro steady and to hold attention

28 Aug at 9 AM

News Item Link: Euro steady and to hold attention

The euro started steadily in Asian morning trading today, but experts fear that it could see a downturn as investors worry that the European Central Bank maybe dragging its feet when it comes to resolving the region’s debt crisis. It is thought that the ECB may not now be able to present a plan at its next meeting on 6 September after the...

Euro rises to seven week high on Thursday

24 Aug at 11 AM

News Item Link: Euro rises to seven week high on Thursday

A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589. Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...

PM Samaras says Greece need more time for cuts

22 Aug at 2 PM

News Item Link: PM Samaras says Greece need more time for cuts

Before talks of its bailout, Prime Minister Antonis Samaras has asked for more time to execute harsh spending cuts. The issue is whether or not Greece has done enough to warrant getting its next €31.5 billion payment. If funds are not unlocked Greece will default on its public debt and may have to leave the euro. There is much pressure...

Euro moves away from high against sterling

20 Aug at 12 PM

News Item Link: Euro moves away from high against sterling

Following a statement from Germany’s Finance Minister about the unlikelihood of bond spreads being targeted by the European Central Bank, the euro eased away from a high session against the sterling today. A dip of 0.09% saw EUR/GBP finish at 0.7851 in morning trade after briefly reaching 0.7872. Friday’s high of 0.7876 was quoted as...

Dollar gains ground on yen and other currencies

15 Aug at 2 PM

News Item Link: Dollar gains ground on yen and other currencies

Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy. Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...

Euro gains on dollar

6 Aug at 6 PM

News Item Link: Euro gains on dollar

For a second session in a row, the euro went up versus the dollar in thin trading on Monday, driven by renewed hope that the European Central Bank will buy binds to reduce Italy and Spain’s borrowing costs. It is now the single currency’s best two-day gain versus the greenback on over nine months. Earlier today, it also climbed to a...

Euro falters but fall contained on ECB hopes

30 Jul at 4 PM

News Item Link: Euro falters but fall contained on ECB hopes

The euro dropped today as short-term technical charts reflected a bearish signal, but losses were restricted by hopes that the European Central Bank could soon begin fresh measures to tackle the debt crisis in the euro zone. The common currency’s downside was forecast to be limited in the build up to Thursday’s ECB policy meeting, with...

Euro exchange rate drops broadly as Spain troubles intensify

20 Jul at 2 PM

News Item Link: Euro exchange rate drops broadly as Spain troubles intensify

A struggling euro fell to a session low versus the US dollar and all-time lows against the Canadian and Australian dollars on Friday on the back of the Valencia region in Spain’s announcement that it would seek help from the central government in order to pay back its debts. This news heightened concerns that Spain, the fourth largest...

Italy downgrade keeps euro near two-year lows

13 Jul at 2 PM

News Item Link: Italy downgrade keeps euro near two-year lows

The euro fell close to two-year lows today after Moody’s Italy downgrade added to a bearish stance on the common currency, while commodity currencies went up on growth data from China which met expectations. The euro dropped to $1.2190, near its two-year low of $1.2166 hit on Thursday on the EBS trading platform and on course for its...

Dollar close to two-year high on major currencies

12 Jul at 9 AM

News Item Link: Dollar close to two-year high on major currencies

The dollar hovered near a two-year high versus a basket of currencies in early Asian trading on Thursday, having seen the euro slide to a two-year low, after Federal Reserve meeting minutes showed that further monetary easing was not going to happen at present. The report showed that the world’s largest economy would have to deteriorate...