Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
  Daily Currency News Euro US Dollar Educational Articles  
Posted April 17th, 2015 by Charles Purdy

Euro steady despite expectations of a Greek default

All things being equal it was probably a good week for the euro as the situation in Greece escalated. Economic data seems to be improving as the weak euro is boosting exports and the European Central Bank made no changes on Wednesday to their monetary policy.

Yesterday the yield on 10-year Greek bonds took a jump, and the yield on two-year bonds also spiked, as concerns begin to grow that Athens is no closer to reaching an agreement on their bailout with any of its creditors, heightening the expectation that Greece could be forced out of the euro zone.

Today we have the Consumer Price Index – a measure of inflation – out at 10am as the main release for the day, following balance of payments released earlier on in the day.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Comments are closed.

Posted February 27th, 2015 by Charles Purdy

Euro friendless and weakening

The euro continues to be under pressure losing over a cent against both the US dollar and sterling during the course of yesterday afternoon. Business and consumer confidence sentiment data released on Thursday disappointed as they came out worse than f…

Posted February 13th, 2015 by Charles Purdy

Eurozone troubles still centre on Greece

 The euro on Thursday remained under pressure. Over the course of the week it has held its own against sterling, although it did hit a seven year low at one point, and it has gained ground against the US dollar but is still close to eleven year lows.

Yesterday the German Consumer Price Index came out exactly as forecast, and year-on-year industrial production was worse than expected, at a negative 0.2%.

Greece is seemingly no closer to reaching a debt deal with its creditors as Wednesdays meeting of Eurozone Finance Ministers passed without progress.  On Monday we have the next meeting in what is a painfully tense process which could result in the breakup of the euro zone.

Posted April 16th, 2014 by Charles Purdy

Euro unaffected, as yet, by problems in Ukraine

Yesterday was a quiet day for the euro as it remained relatively stable against the US dollar – hovering around the 1.38 mark – and weakened slightly against sterling. German Economic Sentiment data came through weaker than expected, highlighting the more sceptical outlook from analysts in the Eurozone’s biggest economy. This failed to have much of an immediate effect on euro rates yesterday, although these worries may have a greater effect in the long-term if concerns by analysts over the escalating situation in Ukraine and continued slowdown in Chinese growth are justified.

Eurozone Consumer Price Index data is due out today, which has the potential to affect the performance of the single currency.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus