Euro Falls as Greek Debt Solution Proposal Rejected

EUR/GBP     £0.8385 In general, the Euro is falling as concerns over the debt crisis are still present and also as the euro zone finance ministers rejected a restructuring plan on the Greek debt by creditors. However, it is outperforming the Pound, and currently upgrading against the sterling as it’s trading at £0.8385. GBP/EUR     €1.1921 The Pound was the worst performing currency in the last 24-hour period, as even the Euro outperformed the sterling.  It is still downgrading against the Euro and currently trading at €1.1921. EUR/USD     $1.3043 After three-weeks high,…

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The Pound – Worst Performing Currency Last Week

EUR/GBP     £0.8274 The pair EUR/GBP is quite unstable at the moment. Right now, the Euro is gaining strength and is trading at £0.8274. GBP/EUR     €1.2082 The Pound was said to be the worst performing currency last week. However, it has a great advantage ahead of its counterparts, which is that the UK is not a member of the Euro Zone. Such independence allows the country to control its own monetary policy, and is more flexible when it comes to shifts in market trends that are deepening the Euro crisis. Still,…

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Any Dollar Rebound Will Be Temporal – for Now

EUR/USD 1.3814 GBP/USD 1.5707 GBP/EUR 1.1427 (0.8751) The euro slid to a two-week low at $1.3697 yesterday, but it gained back to $1.3814 this morning. The dollar fell due to speculations that the Federal Reserve officials will signal further credit-easing measures to support economic growth – possibly $100 billion a month in bond buys. The U.S. dollar index, which tracks the greenback versus six other currencies, released its biggest daily gain since August on Tuesday. Analysts, however, said the market overreacted as the Federal Reserve was set to ease monetary…

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