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euro exchange rate hits three week high against us dollar

Greece which has been meeting with its creditors to lower its debt are near to closing a deal which has caused a ripple affect in the currency markets today. Due to Greece bailout the euro currency exchange rate increased to a 3 week high against the US dollar. Greece is close…

Euro foreign exchange rate racks up losses against Greece

The euro’s foreign exchange rate racked up losses against most major currencies on Thursday and slipped below the psychologically significant $1.30 level against the US dollar as confusion about Greece’s bailout package rattled investor nerves. The single currency traded as low as …

700 million euros drawn out of Greeks Banks

As Greece are set up for a new election date the Greek bankers are trying desperately to play down their fears as over 700 million euros ($891 million) has been withdrawn and the situation could worsen. Today Greece has put a senior judge in charge of an emergency government…

Foreign exchange rates in the US improve for property developers

Foreign exchange rates for property developers looking to construct new buildings in the US are at their most favourable for three months. Reuters Currencies reports sterling rose this morning (July 26th) to its highest point against the dollar since mid-April. It is thought the…

Euro recovery starts trading again

Euro Showing Signs of Recovery which causes millions of pounds to be traded in foreign currency The just out European manufacturing PMI reports have confirmed the continued expansion in manufacturing activity in the region, although the largely upbeat numbers had little positive…

Euro Deflationary Pressures

The simmering concerns in Eastern Europe remains a key determinant of the trend in currency markets. Although geopolitical risks emanating from Eastern Europe pose serious challenges to the common currency bloc, the Euro continues to post modest gains against the US Dollar in…

Buying euros at the right price

Euro Treading Water Data released earlier today indicated that manufacturing and services activity expanded at a faster than expected pace in Germany and the Euro zone for April, leading the common currency to trade higher against its major peers this morning. However,…

Euro under pressure

Euro foreign exchange rates are under pressure In today’s trading session, the common currency is trading under pressure against the majors after the ECB Chief, Mario Draghi, over the weekend warned that strengthening of the Euro could compel the central bank to unleash a…

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