The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
Hopes that the Eurozone’s leadership has moved closer to finding resolution to the debt crisis plaguing the region has given the Euro some support, though the single currency did slip lower versus the U.S. Dollar on some light profit taking.
A deep divide among the Eurozone’s policymakers has put pressure on the common currency during the Asian trading session, though the Euro has held hard to earlier gains the outlook appears rocky.
Ongoing doubts over the Eurozone’s policymakers’ ability to create a plan which will help to stop the Eurozone crisis are putting significant pressure on the common currency
The Euro gained some ground in the Asian trading session after taking a fall on Monday when Germany's policymakers threw cold water on a quick resolution to the Eurozone crisis.
The common currency continues to hold onto most of last week's gains and is poised for more as investors pinned their hopes on the European Union's policymakers, that a decisive response to the Eurozone's debt worries will be addressed later this week.
S&P, the ratings agency, downgraded Spain’s sovereign debt, a move which effectively put fear back into the markets that the Eurozone’s contagion was, indeed, spreading.
The single currency moved higher against the U.S. Dollar in late Asian trading and remains steady near a 1-month high struck yesterday.
After the Slovakian parliament rejected the amendment which would bolster the firepower of the Eurozone’s emergency fund, the EFSF, the common currency fell broadly in Asian trading, reversing much of the gains made in the recent corrective rally.
In Asian trading, the Euro held onto Monday’s gains as hope for a comprehensive Eurozone debt plan continues to gain momentum.
The common currency edged higher in Asian trading today following news from Germany and France that policymakers there will provide a new and comprehensive plan which will shore up under-capitalized Eurozone banks.
the Eurozone’s policy makers are at last working toward resolution of the Eurozone debt crisis, the common currency has held onto its recent gains during trading in the Asian session.
While the head of the ECB, Jean-Claude Trichet, has maintained his hawkish tone, renewed calls for additional stimulus to spur the sluggish Eurozone economy may be enough to sway the policymakers.
Government agencies, public transportation services and tax offices were closed on Wednesday in a large-scale effort to protest against the austerity measures set to be imposed by the EU/IMF bailout, which was, in its ideal form, set to remedy Greek’s debt problems.
After a brief rally triggered by a late rise on Wall Street, the Euro which had struck $1.3355, is now back under pressure in Asian trading, and edging toward a 10-month low against the U.S. Dollar.
The Euro slipped close to a 9-month low against the U.S. Dollar as new-found fear grips investors worried that Greece is imminently about to default on its sovereign debt.
