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As at Thursday July 29th 2010
Euro Bounces on Confidence Report
The Federal Reserve said U.S. economic growth slowed in some areas over the past two months, dragged down by commercial real estate and the expiration of a tax credit for homebuyers. “Economic activity has continued to increase, on balance, since the previous survey,” the central bank said today in its Beige Book business survey,..............
As at Wednesday July 28th 2010
USD Advances
The dollar advanced against most of its major counterparts as a decline in U.S consumer sentiment revived demand for the greenback’s safety.
As at Tuesday July 27th 2010
Euro Rally Continues
The Euro may extend gains past $1.30 on this recent rally before slumping against the dollar because of continued concern about sovereign risks to European banks after last week’s stress tests. The general view is that the tests carried out on ..............
As at Monday July 26th 2010
EURO BACK OVER $1.2900
The combination of growing confidence in Europe’s economy and mounting evidence of a slowdown in the U.S. is driving the Euro higher. After tracking the Euros’ slide form $1.45 at the beginning of 2010, the median forecast of currency strategists has remained within 2-cents of $1.20 since the start of June. However some of the major banks including ..........
As at Friday July 23rd 2010
Euro Climbs as German Sentiment Outweighs Stress Test Concern
The euro climbed against the dollar as an unexpected surge in German business confidence outweighed concern that some European banks may fail stress tests today.
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