Currencies Archive

The euro (EUR) is weakening against most of its major counterparts early in the European session, as market participants worldwide are trying to digest the Eurogroup deal on Cyprus. The small island, comprising just 0.2% of the Eurozone’s Gross Domestic Product (GDP), had been trying… Read more

The events in Cyprus are still driving volatility in the market and risk sentiment is of course being affected. There were big flows out of EUR/AUD as investors sell first and think later. The AUD/USD is more or less unchanged compared with yesterday but it’s… Read more

Euro recovers losses as markets price in risk The euro (EUR) recovered previous losses versus the US dollar (USD) after markets better priced in the risks associated with the Cypriot bail-in. The pair moved back up to 1.2969, which looks like its new resistance area,… Read more

The euro (EUR) edged higher against the US dollar (USD) after dropping on news of the Cyprus bailout in which small depositors would be hit by a 6.75% tax on their deposits. The pair is currently trading above 1.2945 as it looks like the markets… Read more

Euro tumbles after depositors hit by Cyprus bail-out   The euro (EUR) dropped 150 pips against the US dollar (USD) opening at 1.2950 in the Asian session. The pair continues to slide moving below 1.2890 as European markets near opening time. The move comes after… Read more

The euro (EUR), moving just above 1.3040 against the US dollar (USD), is seen regaining losses it incurred through last week’s eventful agenda. The pair is mostly consolidating as markets are expecting news regarding the Italian Government and the Cyprus bailout plan. Looking ahead, markets… Read more

The euro (EUR) dropped to 1.3015 against the US dollar (USD) after first rising above its previousresistance to 1.3050. The single currency is still under pressure as the continent’s political backgroundremains fluid. The Italian political system has yet to choose a leader after the ambiguous… Read more

The euro (EUR) rose above 1.3110 against the US dollar (USD) before correcting to 1.3085. The pair rose during the European Central Bank Press Conference, where ECB President Mario Draghi pumped confidence into the future of the Eurozone. He repeated his belief that the Eurozone… Read more

The euro (EUR) gained ground against the US dollar (USD) currently moving above 1.3028. The single currency had previously reached a six month low after Italian election results did not show a clear winner making negotiations for forming a strong government difficult. Yesterday’s Eurogroup meeting… Read more

The euro (EUR) dropped below 1.3000, and is currently at 1.2995 versus the US dollar (USD) as European markets open. Investors are weary of political developments in Europe as Eurogroup members meet today. The Italian election and the hung parliament result means that Europe’s largest… Read more