Exchange Rate Forecast News
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Euro still down as QE3 hopes dwindle
31 Aug at 9 AM
News Item Link: Euro still down as QE3 hopes dwindle
The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...
Euro exchange rate up again after three session drop
29 Aug at 9 AM
News Item Link: Euro exchange rate up again after three session drop
After declining for three sessions since Thursday, the euro rallied against the dollar again yesterday amid continued fears of more quantitative easing in the US and hopes that the European Central Bank will begin buying bonds from Spain and Italy.
Investors are also looking towards the end of the week when Fed chairman Ben Bernanke will...
Euro rises to seven week high on Thursday
24 Aug at 11 AM
News Item Link: Euro rises to seven week high on Thursday
A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589.
Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...