Leave a commentReuters reported that even as Standard & Poor’s cut the euro’s debt rating on Italy, it skidded sharply against the dollar as investors got wary about Greece’s ability to borrow cash from international lenders.
The single currency was trading 0.3% lower at $1.3644, and it was moving towards a seven-month low of $1.3495…
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Reuters reported that the euro went down 1% on Sept. 19 to close at $1.3664 and 0.8% to 105.06 yen as “unproductive” European meeting was not greeted well by the investors.
The decline was fanned by two more factors: first, Greek Prime Minister George Papandreou did not visit to chair an emergent meeting…
Reuters reported that though euro gained something on Sept. 14, it declined about nine cents or 6% in two weeks from a high of around $1.4548 on Aug. 29. It went down seven-month low at $1.3495 and closed at $1.3690.
Early in the day, the single currency went up more than a cent
Citing a Financial Times report that Italy is seeking Chinese help in buying its government debt bond, Dow Jones Newswires reported that the euro went up against the dollar, but it still remained lower against its closest rival, yen.
As such a report helped euro bounce back against the greenback, Chinese support has…
Reuters reported that the euro declined and stood at $1.3550 in Asia on Monday – a six-month lows against the dollar. It also stood at 104.90 yen – a 10-year low against the yen.
The decline followed negative news coming from the euro zone as meeting of the Group of Seven finance chief…
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