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Day: February 18, 2015
February 182015
Traders Unconvinced by Talks About Greek Loan Extension, EUR Sinks
The euro dropped today as traders felt unconvinced by rumors about probable extension of the Greek loan terms. The currency erased yesterday’s rally versus the US dollar but not against yen as the gains versus the Japanese currency were simply too big. Greece asked to extend its loan for six months but without the austerity measures that were demanded by the previous bailout program. Greek Finance Minister Yanis Varoufakis said: […]
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February 182015
Unemployment Data Makes Great Britain Pound Stronger
Very positive employment report from the United Kingdom propelled the Great Britain pound higher. The currency demonstrated big gains, rising to the highest level in more than month and a half against the US dollar and the highest more than seven years versus the euro. The Office for National statistics reported that unemployment claims fell 38,600 in January from December, more than economists anticipated. Average weekly earnings grew 2.1 percent […]
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February 182015
EUR/USD Bounces After FOMC Minutes
EUR/USD was falling today for the most part of the trading session as Greece asked its European creditors to extend the term of loan without the austerity measures attached to the bailout plan. Yet the currency pair rebounded after the FOMC released its policy minutes that turned out to be much more dovish than traders were counting on. Now, EUR/USD trades sideways. PPI dropped 0.8% in January. The drop was two […]
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