Tag Archives: currencies

Euro posts gains against dollar while waiting on Slovakian vote

The Euro gained against other major currencies on Tuesday on optimism that lawmakers in Slovakia will pass a bailout fund this week. The country is the only one of the 17 euro members to have turn down a revamped bailout …

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Federal Reserve come up short with stimulus plan, dollar rises

The U.S. Dollar increased its appeal as a safe haven currency on Wednesday after the Federal Reserve announced that its will increase holdings of longer-maturity Treasuries and reinvest in mortgage securities. The move its anticipated to limit borrowing costs and …

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Swiss franc drops on speculation central bank will devalue currency

The Swiss franc dropped against a board of major currencies on Tuesday after investors speculated that the Swiss central bank may take steps to weaken its currency against the euro.

The speculation comes after a number of publishers reported that …

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euro drops after finance ministers delay Greek bailout funds

The euro posted losses against the U.S. dollar on Friday after a decision to give Greece more financial aid was pushed back by European finance ministers.

At a meeting in Wroclaw, Poland the finance ministers said that they will now …

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Merkel assurance pushes Euro higher

The Euro rose slightly against other major currencies on Tuesday following reassurance from Germany’s Chancellor Angela Merkel that Greece would not default on its debts and slip into bankruptcy.

Merkel stated on Monday that Greece should receive the financial aid …

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Dollar closes higher following release of Fed minutes

The U.S. dollar grew stronger against the euro on tuesday after economists and currency traders got better insight in the Federal Reserve’s outlook on the U.S. economy after the release of the minute’s from the Fed last meeting.

During early …

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