EUR/USD Last week the Irish government released a plan to cut spending and raise taxes by 6 billion euros in 2011. Due to concerns over the Ireland’s budget deficit, the euro fell for a second day versus the dollar. In fact, the single currency weakened versus 13 of its 16 opponents. The arrival of the [...]
EUR/USD The euro is said to benefit from a “currency war,” in which many countries step in to keep their currencies weak, and thus to protect exports. “The euro is one of few major currencies where there are no deliberate measures to try to weaken the currency, either directly through intervention or indirectly through QE [...]
EUR/USD traders should expect a busy week, economists warn. The pair continued falling at the beginning of the week, dropping below 1.3830. It then recovered and managed to reach the current 1.3977. The quantitative easing program in the US caused the vulnerability of the EUR/USD, as it is said to exceed $500 billion. In addition, [...]
