Tag Archives: euro

Euro pares gains after weak German retail sales

Euro is under pressure against the dollar after data showed retail sales in Germany fell unexpectedly last month. A report released by Destatis in early European session trading on Friday showed that retail sales fell to a seasonally adjusted minus 0.4 percent from minus 0.1 percent in the preceding month whose figure was revised up from minus 0.5 percent. The data was disappointing since...

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May 31, 2013 @ 7:28 am

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Euro lower on news out of EcoFin meeting and disappointing German data

The euro slid lower against the dollar on Tuesday after disappoint German investor morale highlighted a slower economic recovery. Despite a larger-than-expected increase in industrial production data from the euro zone and other positive news of a strong response to a Spanish debt sale, the euro was unable to hold its upward move early in the European session and began to...

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May 14, 2013 @ 1:31 pm

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Euro remains vulnerable on Cyprus concerns

The euro plummeted against every major counterparts as soon as markets opened on Monday, the first being in Asia to react to the negative news out of the euro zone over the weekend, which reignited fears of the debt crisis in the area. Reports of the terms of the Eurogroup rescue deal for Cyprus, the fourth EU member to require such financial assistance in order to save its banking sector,...

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March 18, 2013 @ 8:59 pm

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Euro slips after disappointing Italy debt auction

Investor confidence in the euro was dented after an Italian government debt sale ended short of meeting the upper target range, causing borrowing costs to rise higher. Euro dipped below the key psychological $1.3000 level as Italy’s benchmark 10-year bonds yields rose 7 basis points. The yields on the 3-year debt rose to their highest since December 2012. The political stalemate is clearly...

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March 13, 2013 @ 12:11 pm

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