Euro touched a 10-year low today against the yen, and managed to lose ground against the US dollar and the UK pound as well. Most of the bad news for the eurozone resides in the news that Greece will…
Euro Struggles Far From Over
October 3, 2011
Posts published in October 2011
Australian Dollar Slides on Eurozone and Asian Stocks
October 3, 2011
Asian stocks ended Monday’s session lower, and eurozone fears continue to provide reason for concern. As a result, the Australian dollar is sliding, even hitting new 2011 lows during trading. Indeed,…
Pound Falls, Slows Decline as Manufacturing Expands
October 3, 2011
The Great Britain pound fell today as analysts predicted the report would show that the manufacturing in the UK contracted last month. The currency slowed the decline after the actual report showed the manufacturing expanded.…
US Dollar Corrects After Monthly Gains
October 3, 2011
The US dollar corrected today after it rallied in September despite the downgrade of the US credit rating by Standard and Poor’s in August and the speculation the US policy makers are debasing the currency’s strength. The dollar…