Euro lost ground on Thursday

Note: This section contains information in English only.
Source: Bloomberg

On Thursday, August 9, the single currency lost ground versus its major peers, as the ECB's report signaled the further economic contraction, even worse, than it was predicted earlier. The Euro erased 0.5 per cent to $1.2303 during today's New York trading session. The single currency weakened against the Yen as well, with losing 0.1 per cent to 96.84 per yen.  At the same time, the ICE Dollar Index added 0.29 per cent to 82.64.

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Thu, 09 Aug 2012 17:57:15 GMT

ECB cut Eurozone's growth outlook for 2012

The European Central Bank cut its growth forecast for 2012, leaving more space for central banks to lower their interest rates or make other bold actions to curb the Eurozone's debt crisis. The Eurozone's economy is now expected to shrink 0.3 per cent in this year, from the previous estimate of 0.2 per cent. Moreover, the outlook for 2013 was also lower to 0.6 per

Fri, 10 Aug 2012 17:48:29 GMT

American home prices increased by 7.3% in Q2

U.S. home prices jumped 7.3 per cent in the second quarter, posting the strongest rise since 2006. Another sign that the U.S. property market is growing, is the rise by 75% of local markets. Despite the increase in prices, sales of homes tumbled by 0.7 per cent.  The increase of prices can be mostly explained by  drop in sales of lower-priced homes.

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