Continuing turmoil in Spain is seen to hamper the Euro’s stride alongside the US dollar today. After having fallen in the previous four months, the National Bank of Belgium’s business barometer reached a gain in July, reversing...
The release of the Preliminary GDP data is really bad news for the UK as the economy contracted by 0.7 percent in the second quarter of this year, more than the economic forecasts of only 0.2 percent,...
Even as the US Flash Manufacturing Purchasing Managers’ Index dropped more than expected to 51.8 points in July from the 52.1 points forecast, the American currency managed to win by 44 pips opposing the Swiss franc.
The week started with a degraded outlook on the Euro’s triple-A rated economies. Yesterday, the monetary union’s stability facility suffered the same fate.
Events in the single currency region are deemed to cause a pull on the Euro opposite the US dollar. Things are once more getting tough for the Euro Zone, and the markets are again on edge.
Reading from the news, it seems that every bit of it points to the looming demise of the Euro Zone. The bloc is not only dealing with the rising problems of Spain, but also with the economic...
The American currency climbed by 97 pips against the Swiss franc as the US economy is pictured to grow even at a slow pace. Though the policy fog, the problems in Europe, the global slowdown are making...
The slowdown of the Chinese economy was confirmed by the release of the GDP figures earlier this month, showing a growth rate of only 7.6 percent in the second quarter of this year, the slowest pace in...
The previous European trading session saw the decline of the Euro against the British pound as German Chancellor Angela Merkel’s comments shook the financial markets. In the UK, the unemployment rate in May dropped to 8.1 percent,...
Spain continues to be hit by the debt crisis as it faces yet another challenge to its financial system. Bad loans held by Spanish banks rose to an 18-year high in May, triggering concern that the costs...
