Written by The euro declined, headed for a sixth monthly loss against the dollar, amid concerns European measures to reduce fiscal deficits and contain the region’s sovereign debt crisis will undermine the global recovery. READ MORE »
Posts tagged European Central Bank
FOREX-US jobs gain boosts dollar, Greek worries linger
* US employment grows at fastest pace in 4 yrs, boosts dlr
* Euro rebounds; G7 finance officials discuss Greece
* Euro on track for biggest weekly loss since Oct 08
* Sterling hits 1-yr low on uncertainty after UK vote (Updates prices, adds comment, US data, changes byline, dateline) READ MORE »
Gold arrests slide made after EU rescue deal
Gold cut early losses of near 2 percent on Monday amid expectations a $1 trillion aid package aimed at alleviating the euro zone’s debt crisis could cement easier monetary policy, and potentially spark inflation. READ MORE »
Euro hits multi-year low, recovers on short covering
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »
Yen Is Near Highest Since 2001 Against Euro on Slowing Growth
The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. READ MORE »