Euro to reach one-week low against US dollar

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

On Friday Asian trade Euro moved close to one-week record low against the greenback after European officials failed to reach unanimous agreement for halting debt crisis. 17-nation currency fell from $1.3341 yesterday to $1.3334 in Tokyo morning trade and in total has lost 0.4% since December 2. Euro has lost 0.9% against Japanese Yen this week. EUR/USD currently is trading at $ 1.3313 and EUR/JPY is trading at ВҐ103.31.

Back to articles

Actual Topics

Fri, 09 Dec 2011 08:35:51 GMT

Aussie and Kiwi decline on European concern

New Zealand and Australian home currencies dropped to one-week record lows on investor speculation EU summit will not provide a tangible solution for debt crisis, hampering demand for upward yielding assets. Australia's dollar lost 0.6% against the Greenback reaching $1.0102 in Sydney trade while New Zealand Dollar gave up 0.8% to $0.7668. The AUD/USD currently is trading at $1.0065 and NZD/USD is trading at $0.7646.

Fri, 09 Dec 2011 07:53:43 GMT

EU officials keep working on rescue plan

1.       On Thursday night European leaders worked on plan how to stop debt crisis that has been extending for more than two years and created much doubt on the stability of Euro. Officials discussed the fiscal impact aimed at restoring bondholder confidence and allowing ECB and IMF to provide contributions to the rescue fund. However, no consensus has yet been reached. 

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.