The euro (EUR) dropped to a 22-month low falling to 1.2545 from 1.2686 against the US dollar on a heightened risk aversion in the markets. Concerns that Greece may face a damaging default and a messy exit from the eurozone weighed on the single currency after talks said that Eurogroup was asked to prepare [...]

EUR/USD The Euro again stalled in the 1.28 region against the dollar in European trading on Tuesday and initially dipped to lows in the 1.2730 area during the US session. In the latest Spanish Treasury Bill auction, there was a rise in yields and lower bid/cover ratios compared with the previous sale. Although a relatively [...]

  The euro (EUR) dropped near a 21-month low falling to 1.2645 from 1.2814 against the US dollar as risk aversion dominates the markets. Comments from former Greek Prime Minister Lucas Papademos raised concerns after he said that Greece has two options, stick to a painful austerity program or face a damaging default and a [...]

EUR/USD The Euro was unable to make any fresh attack on the 1.28 region against the dollar on Monday and drifted weaker to test support below 1.2740 before rallying again during the US session. There was further evidence of caution over aggressive Euro selling, especially with speculative short positions at a record high which maintained [...]

  The euro (EUR) edged higher to 1.2824 rebounding from 1.2724 against the US dollar on hopes that EU leaders will agree on steps to fight the debt crisis in Europe. Investors expect the French President Francois Hollande to suggest joint eurozone bonds at the EU meeting in Brussels on May 23. The idea of [...]