FLASH: Euro Back Below 1.27 to the Dollar
Merkel Statements Allow Euro to Pare Losses
The Euro Sinks Further As Fitch Stresses the Need for Bond Purchases
The Dollar and the Yen Take a Rest While the Euro and Other Currencies Rebound From Recent Downturns
The Euro Ticks Slightly Higher
The USD/EUR Pares Losses For a Moment; Slide Resumes Trading @ 127.39
The Dollar Rises Some More After the Jobs Report; Oil and Other Commodities Tempered
The Dollar Continues to Show Strength Against the Yen and the Euro
The Aussie and Kiwi Dollars Fall for a Third Day on European Debt Concerns
The Sterling Hits a 15 Month High Against the Euro
The Euro Continues to Swirl the Bowl Below That Key Technical Support
The Dollar Continues to Hold Gains
The Euro Falls Over Debt Concerns; Near Technical Breakdown Level
A Stronger Dollar May Curb Appetites for Commodities…At Least for Today’s Trade
The Euro Falls on Inflation Data and a Weak German Bond Auction
“The euro fell from near a one-week high against the dollar after a European report showed inflation slowed, backing the case for the region’s central bank to cut interest rates.
The 17-nation currency dropped toward an 11-year low against the yen after demand at a German auction of 10-year bonds was lower than the average over the past five years. The currency also slid after the El Pais newspaper reported the Spanish government helped the Valencia region make an overdue payment to Deutsche Bank AG. Hungary’s forint weakened to a record on concern talks between the government and the European Union over financial aid will be delayed.
“The euro has slipped a little after yesterday’s rally,” said Jane Foley, a senior foreign-exchange strategist at Rabobank International in London. “The CPI data was in line with expectations. It’s still above the ECB target at 2 percent, but moving in the right direction. The bund auction wasn’t brilliant, and that dampened sentiment.”
The euro fell 0.5 percent to $1.2988 at 6:55 a.m. in New York after rising to $1.3077 yesterday, the highest level since Dec. 28. The common currency slipped 0.5 percent to 99.61 yen. It dropped to 98.66 yen on Jan. 2, the weakest since December 2000. The dollar was little changed at 76.70 yen.”
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