ECB approves Latvia's Euro adoption

Source: Bloomberg
© Scanpix\Reuters
The European Central Bank announced that Latvia can join the Eurozone, although officials are worried that the country might struggle with keeping the economy afloat. Latvia plans to introduce the Euro on January 1, 2014 and it will become the 18th country of the Euro block. Inflation rate in the Nation was 1.3% in the 12 month period through April, well under the reference measure of 2.7%.
Back to articles

Actual Topics

Wed, 05 Jun 2013 13:47:08 GMT

Dollar remains weak against Yen following ADP data; Euro gains

The U.S. Dollar reached the weakest a session low versus the common currency and the Japanese Yen on Wednesday as data indicated less-than-expected private sector payrolls were created in he U.S. last month. The report showed only 135,000 new jobs were created instead of 165,000 predicted. The 17-nation currency advanced versus the greenback to $1.3114 following the data.

Wed, 05 Jun 2013 12:42:37 GMT

Japan's Yen appreciated after shares fall following Abe speech; Aussie drops

The Japanese currency appreciated against the U.S. Dollar and the Euro after Japan's shares decreased as Prime Minister Shinzo Abe did not provide any additional information amid QE measures, increasing demand for safer assets. The Japan's Yen gained 0.5% to 99.58 against the U.S. Dollar and 0.6% to 130.08 versus the Eurozone's currency.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.