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Euro at two-and-a-half month high

24 Feb at 2 PM

News Item Link: Euro at two-and-a-half month high

The euro was at a two-and-a-half month high on Friday, keeping a hold of the hefty gains made a day earlier after data on improved business sentiment in Germany encouraged traders to cover their positions, reports Forex. The euro rallied one per cent on Thursday, easily spiking above the Ichimoku cloud on the daily charts. It also breached...

Euro flat against dollar with Greek realities weighing

22 Feb at 10 AM

News Item Link: Euro flat against dollar with Greek realities weighing

The euro traded flat versus the dollar yesterday, after almost hitting a two-week high earlier, as investors turned their focus to the obstacles to implement a Greek bailout package and the implications it will have on the eurozone economy. Reuters reported that eurozone finance ministers reached a deal on a 130bn euro bailout for Greece...

Euro rises on Greek hopes

17 Feb at 6 PM

News Item Link: Euro rises on Greek hopes

The euro clung to through-the-night gains in Asia today, having gone up on the hopes that Greece was nearing agreeing a second bailout package, says Reuters. Meanwhile, improved risk appetite saw the yen go down across the board. The euro stood at $1.3132, after it recovered from a three-week trough of around $1.2973. Traders said that any...

Shares slide on Greece woes

16 Feb at 9 AM

News Item Link: Shares slide on Greece woes

Stocks slumped yesterday in one of their poorest showings in 2012 as Greece continued its negotiations with other nations over a bailout, reports the New York Times. The Dow Jones industrial average fell by 97.33 points (0.76 per cent) to finish the day at 12,780.95. It was the Dow’s biggest one-day decline to date this year, as it only...

Euro dips as Greece bailout not finalised

9 Feb at 9 AM

News Item Link: Euro dips as Greece bailout not finalised

The euro dropped from a two-month high today after Greece stopped short of signing a deal on austerity measures, but hopes that a deal can be agreed soon limited the damages, according to Reuters. Lucas Papademos, the Greek prime minister, said that political leaders in Greece have agreed on every point of a bailout package bar one, on...

Greek debt dominates Forex as GBP trims losses against USD

7 Feb at 4 PM

News Item Link: Greek debt dominates Forex as GBP trims losses against USD

As reported by Forexpros, the GB pound trimmed losses on Monday against the US dollar, which was supported by promising euro zone figures, but the sterling remained uncertain as worries over the Greek debt talks continued to dominate. GBP/USD went from 1.5729, the lowest figure since February 1, and hit 1.5761 during the European afternoon...