The euro rose a little against the dollar and the yen today after the Greek parliament agreed on the austerity measures required to get the bailout, easing tensions around Greece and its debt problems. Greek Prime…
Posts published in February 2012
Euro Posts Weekly Gains, Future Remains Uncertain
The euro posts gains this week even though it’s unclear whether Greece would receive the next portion of the planned â¬130 billion bailout. The future of the euro remains uncertain as a good outcome…
Chile’s Finance Minister Worried About Strength of Peso
The Chilean peso rose today despite the negative influence that the deadlock in the talks about Greek bailout had on the currency markets. The peso may weaken in the future as Chile’s Finance Minister voiced concerns…
CAD Drops as Greek Story Takes Troublesome Turn
The Canadian dollar dropped today against the greenback and the Japanese yen, but rose versus the euro, as Greece won’t receive rescue until nation’s leaders would accept deeper budget cuts demanded…
Unrest in Greece Sends Euro Lower
Unrest in Greece and uncertainty about a Greek bailout deal are weighing on the euro today. Euro is lower as concerns about an incomplete Greek debt deal rise. Additionally, continued strikes in Greece,…
US Dollar Gains as Greece Jitters Re-Emerge
Earlier this week, many figured that the situation in Greece was pretty much sorted. However, it appears that this isn’t the case. With concerns rising about Greece yet…
Pound Goes Higher as PPI Grows
The Great Britain pound rose today as macroeconomic data showed that both input and output Producer Price Index rose in January more than was predicted by analysts. Both input and output…
Lira Falls as Bailout for Greece Postponed
The Turkish lira fell today as demand for riskier currencies with higher yield was deterred after the European Union held back the next portion of bailout for Greece. EU leaders, who were…
Aussie Declines After RBA Releases Monetary Policy Statement
The Australian dollar fell today after the Reserve Bank of Australia released its Monetary Policy Statement, reducing its growth forecast for this year and indicating that it’s ready to ease monetary…
Rand Falls as Manufacturing Deteriorates
The South African rand declined today as nation’s factory output slowed and before President Jacob Zuma will address lawmakers in his speech in Cape Town today. Manufacturing, which accounts for 15…