EUR/USD Due to worries about the cost of protection against the government debt in Ireland and Portugal, the euro fell to 1.3775 dollars. The G20 summit of advanced and developing economies is still maintaining a high level of currency tensions. In contrast, the dollar rose to its highest levels since late October against major currencies. [...]
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 [...]
