Greece — News Archive


Eurozone Economic Confidence Rises and Sparks Hope for Euro

Economic confidence in the eurozone rose unexpectedly in August. This surprise development in the 19-nation currency region has sparked a little hope for the euro, and sent it higher against some of its major counterparts. Euro is still struggling against macroeconomic issues right now, but the latest confidence in the eurozone should help a little.

Euro Pulls Back After Yesterday’s Surge

Euro is pulling back against some of its major counterparts today. After yesterday’s surge, some Forex traders are taking profits, while others wait to see if the global instability subsides.

Euro Jumps with Help of Fed Minutes & Greek Bailout

The euro jumped today against its most-traded counterparts, climbing more than 1 percent against the US dollar. Both domestic and overseas news contributed to the rally of the shared 19-nation currency.

Euro Heads Higher After German MPs Approve Greek Bailout

With Germany backing the latest bailout for Greece, the euro is heading higher today. There’s a lot to consider when it comes to the eurozone and the euro, and the latest bailout means that, for now, there will be no exit from the 19-nation currency union for Greece.

Euro Could See Strength Down the Road

Now that the worst fears of the eurozone have been put to rest, there is some speculation that the 19-nation currency could return strength in the not-to-distant future, thanks in part to recovery in Spain and stability for Greece.

Economic Outlook for Eurozone Drags on the Euro

The economic outlook for the eurozone is dragging on the euro today, bringing it lower as concerns about what’s next for the 19-nation currency region continue.

Preparing for a Potential Euro Selloff

Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis.

Euro Drops as IMF Will Not Provide Aid for Greece

The euro was in rout today after a report that the International Monetary Fund will not participate in the third round of the bailout for Greece. Prospects for monetary tightening in the United States put additional pressure on the euro, as well as on other currencies.

Talk of Eurozone Exit Weighs on Euro

Once again, Greece is weighing on the euro. German advisers are talking about creating an insolvency process that would allow for a country’s exit from the 19-nation currency region if that country is threatening the eurozone. The news is contributing to the euro’s struggles today.

Dollar Loses to Euro, Stands Ground vs. Other Majors

The US dollar dropped against the euro today as Greece made additional steps to secure an aid from foreign creditors. The greenback retreated despite supportive US macroeconomic data. At the same time, the US currency gained on the Great Britain pound and was flat versus the Japanese yen.