Posts Tagged ‘Euro’

Weakened Euro continues

The recent financial turmoil for the Euro continues. Despite extensive funding programs from the European Central Bank, which was presented on March 1st, the EUR currency fell further against both the Japanese Yen (JPY) and the American Dollar (USD).

A lot of efforts

The efforts to curb the crisis in the Euro-area is (more…)

After weeks of gains, Euro lost 0.2 % from 5 month high, after risk rating agency Moody’s cut the Anglo Irish Bank’s ratings to Baa3. This was a downgrade of 3 notches, meaning Irish debt is considered to be graded just above junk status.

European banking sector at risk?

Some currency analysts start to worry about the European banking sector again after the downgrade. At the (more…)

Asian shares are rising and the euro seems to be about to turn upward after China’s central bank, The People’s Bank of China (PBoC), announces they will accept an increasing flexibility in exchange rates. Read more about the new Chinease currency policy below.

Gradual upgrade of Yuan

China’s central bank announced there will be a gradual easening of the local currency, Yuan. This is something many investors, Americans in particular, been waiting for a long time. Risk Appetite seemed rapidly increasing, and several stock (more…)

After the IMF, EU and the ECB put a 750 billion package to save the Euro and supporting Greece, the interventions from ECB has become inevitable. The euro’s not able to rise and the pressure is huge right now that the currency will continue to fall.

Lets see how big the pressure will be and whether the euro can continue to remain at similar levels, or if considerable (more…)

A stronger demand then previous t-bill auctions, made the euro gain slightly against the main trading partners on Tuesday.

Government t-bill auction received $780 million euros

Today’s auction was attracting double as much capital as the last time. The treasure bills sold had a lenght of 26 weeks at a yield of 4.55 %. Greece also offered t-bills with a lenght of 52 weeks, with a yield of 4.85 %.

Euro rise against Dollar & Sterling Pound

It seems like euro forex traders were happy about the successful t-bill auction. During the afternoon, the Euro have risen considerable against several other currencies.
Against the Dollar (EUR/USD) from 1.3626 to 1.3573, and against the Pound Sterling (EUR/GBP) from 0.8808 to 0.8839.

euro - us dollar, 13th of April

Intraday graph, Euro against US Dollar above. (See more dollar graphs here)

euro - sterling, 13th of April

Intraday graph, Euro against Pound Sterling above. (See more Euro graphs here)

Finally, the Euro against the Swiss Franc (EUR/CHF) went from 1.4390 to 1.4334.

euro - franc, 13th of April

Intraday graph, Euro against Swiss Franc above.

Or why not check our some more Euro graphs.

Where do you think the Euro is heading in the coming weeks?

The Krona have started to appreciate considerible against the Euro and other currencies lately. Many currency traders now belive it’s time to add the krona to their portfolios. At least as long the Euro is under pressure.

Swedish Krona – from loser to winner

Last quater, the krona was the worst performing major European currency. The link to Baltic banks and quickly increasing unemployment
rate was part of the problems. Now, it’s gone to the regions leading currency instead.

The reasons behind are a few. To start with, Sweden’s budget deficit are shrinking while most other countries deficit are growing. (more…)

Many European Investors believe the Euro crisis are about to spread to Spain and Portugal, after Greece took a hard hit in the beginning of the month. The Euro have taken a hard hit and lost over 6 % against the Euro the last weeks. Are Europe just in the beginning of the crisis, while US are on their way out?

Spain deny lost budget control

“We have control of the ship, we have a plan,” said María Teresa Fernández de la Vega, Spain’s deputy premier. Earlier the same day, the prime minister José Luis Rodríguez Zapatero, visited Washington
where he was confident about his home country: “Spain has a strong and solid financial system.”

Well, all are not as confident. Both Madrid and Lisbon ran up their budget deficits to dampen the effects of the economic crisis and partly because of (more…)

The last week have put a lot of focus on Greece and the Euro. Below are some possible outcomes of the crisis in Greece.

Increasing Budget deficit

How far can the statistics for Greece’s public finances be trusted? The Bank of Greece says the budget deficit in 2009 will be 12.7%. Two months ago the previous government said it would be 6.7%. The latest numbers reveal a debt level of 121 % higher then GDP. However, the true numbers might not be discovered
yet, in the highly corrupt country of Greece.

Even lower credit ratings

Both Standard & Poor’s and Moody’s have now lowered Greece credits ratings. Greece have now the lowest credit ratings in EU. But it’s still higher then many investors had expected. After the news of the adjusted credit ratings for Greece, the Euro fell 0,5 % against the dollar. (more…)