Euro advances on Spain's call for bailout

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank SA
The 17-nation currency strengthened versus its US peer on Monday after European officials agreed to give Spain a rescue loan. Euro hit a two-week record high at USD 1.2671 on Friday and later closed 0.9% up at USD 1.2631. Currently EUR/USD is trading at USD 1.2638.
Back to articles

Actual Topics

Mon, 11 Jun 2012 06:31:36 GMT

Spain's bailout package weakens PM's authority

Spanish PM Mariano Rajoy's capitulation to ask for a bailout from European governments may weaken his authority, experts suggested on Monday. Rajoy's call for rescue diminishes credibility the PM will be able to meet his goals for budget deficit reduction.

Mon, 11 Jun 2012 07:19:37 GMT

Mariano Rajoy said financial aid to banks will shore up ailing economy

Spanish government agreed on Saturday to accept $125 billion in financial aid for Spanish banks. Prime Minister Mariano Rajoy said on Sunday that the EU bailout for the ailing banks will prop up the country's economy. "It will allow the restarting of credit to families, entrepreneurs, small and medium-sized businesses so that they can all carry out their projects," Mr.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.