May 9, 2012
The Euro strayed near to a recently struck 3-month low during the Asian trading session as investors worry that political uncertainty in the Eurozone may jeopardize plans to tackle the debt crisis there.
EUR Pressured by Political Uncertainty
May 8, 2012
The Euro remains under pressure in the wake of Eurozone elections but analysts say that short covering could provide some support.
Euro Uncertainty Follows E.U. Elections
May 7, 2012
The Euro tanked hard against the U.S. Dollar in Asian trading as the results of the Greek and French elections suggest uncertainty for the Euro’s future. In France, Nicolas Sarkozy has lost his bid to become a 2-term president and in Greece, the current ruling party has lost its majority.
USD Trading Subdued, Labor Data Looms
May 4, 2012
The U.S. Dollar steadied in Asian trade versus both the Japanese Yen and the Euro but could be under significant pressure if today’s U.S. Non-farms data disappoints as it did in March.
Euro under Pressure as ECB Looms
May 3, 2012
The Euro slipped and held near to a 2-week low versus the U.S. Dollar, falling overnight as still more dismal economic news puts pressure and the spotlight on the European Central Bank which will announce the outcome of its monthly policy meeting later today.