EUR/USD The Euro initially stabilised against the US dollar during the European session on Friday and nudged higher early in the US session as risk conditions attempted to stabilise and there was a more robust round of short covering late in the US session. After very sharp losses the previous day, there was a strong [...]

  The euro (EUR) edged higher to 1.2812 rebounding from a four-month low at 1.2641 against the US dollar. The single currency tumbled on Friday on concerns over Greece’s political uncertainty as well as growing instability in the Spanish banking sector. European leaders of G8 met during the weekend to discuss steps needed to fight [...]

EUR/USD The Euro hit resistance close to 1.2750 against the dollar during Thursday and remained under pressure during the European session. There were further fears surrounding the European banking sector which had an important negative impact on the currency. There were reports of substantial capital withdrawals from the Greek banking sector and there were also [...]

  The euro (EUR) plummeted against the dollar sliding to a four-month low at 1.2655 from 1.2748 as risk aversion dominates the markets. World equities tumbled as investors fear that Greece may leave the euro after the second election in the country in June. Poor economic data from the US and concerns about the growing [...]

EUR/USD The Euro found some support below 1.27 against the dollar in Europe on Wednesday and attempted a corrective recovery, although the main feature was a further increase in volatility. There were further market fears surrounding the Greek situation with continuing speculation over the threat of a Euro-zone exit with confirmation that new elections will [...]