Day: July 19, 2012

July 19
2012

US Dollar Loses Some Ground to Euro as Bundestag Decision is Released

US dollar was higher against the euro earlier, thanks in large part to concerns over Spanish debt. However, some of those fears have been allayed with the latest news out of Germany. Against other currencies, US dollar is a bit lower thanks to the risk appetite that is boosting equities around the world. Greenback has lost its advantage against the euro, thanks to the Bundestag vote to back the Spanish […]

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July 19
2012

Euro Continues to Struggle on Spanish Borrowing Costs

Euro continues to struggle today, with Spanish borrowing costs causing one of the issues, and underscoring the fact that eurozone leaders seem unable (or unwilling) to take the steps necessary to truly ending the crisis and integrating the eurozone countries into a more unified financial bloc. The big deal today for the euro is that Spanish debt costs rose. The yield on 10-year notes for Spain passed the psychologically important 7 per cent mark. As a result, […]

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July 19
2012

EUR/USD Moves Down on Worse-than-Expected US Jobless Claims

The euro fell surprisingly against the US dollar today following a report on the new unemployment claims that showed a bigger number than the traders had expected. The currency pair traded sideways with some minor volatility before the drop. The rest of the daily US news did not result in much chart action. Initial jobless claims rose from 352k to 386k last week, while the previous week’s value itself was […]

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