Day: February 25, 2010

February 25
2010

Euro Rises Slightly Versus Greenback After Record Low

The dollar allowed the euro to retreat slightly after the Eurozone currency reached the lowest level in 2010 versus the greenback, as unemployment figures and durable goods data published today cooled down the optimism towards the U.S. economic recovery. Even with negative reports in North America, the euro had only a timid rise considering the extremely unfavorable market sentiment towards its region. EUR/USD is currently at 1.3528. Initial jobless claims rose […]

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February 25
2010

Yen Benefits on European Risk Aversion

The yen was one of the biggest winners in the beginning of this Thursday’s session in Asia, as risk aversion surging from Europe is attracting investors to the safety profile of the Japanese currency. Speculations that Japanese exporters are repatriating capital before this month’s end combined with a Standard and Poor’s statement suggest that Greece may encounter new credit downgrades allowed the yen to beat all of the 16 main traded currencies in foreign […]

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February 25
2010

Euro: The Endless Pit in 2010

The euro has just touched a new record low for 2010 versus the greenback and the yen on speculations that Greece will suffer its first credit downgrade this year, which would follow the two previously suffered last year as the southern European nation started to agonize with its growing budget deficits. After Standard & Poor’s announced that Greece may be subject to another downgrade on its credit rating […]

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