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Euro Soft on Poor Manufacturing PMIs, Prospects for Stimulus

The euro was extremely weak today, falling against most of its major peers. One of the possible reasons for the slump was largely poor macroeconomic data released in the eurozone on Monday. Another one were comments from European Central Bank officials, which signaled that the ECB is ready to introduce more stimulus.

Risk Aversion, Eurozone Concerns Send Euro Lower

Risk aversion is back in vogue today, and that is weighing on the euro today. Indeed, euro is a little lower ahead of tomorrow’s expected ECB policy announcement. Forex traders are waiting to see what the ECB will announce tomorrow.

Euro Battles on in Spite of Continued Economic Concerns

Euro is holding on to its gains against the US dollar and the Japanese yen right now, thanks in part to the news regarding those two currencies. However, there are still plenty of issues poised to plague the eurozone. Euro may not be on as stable footing as thought.

Swiss Franc Jumps to Record vs. Euro

The Swiss franc climbed the record against the euro and advanced versus all other most-traded currencies as the sovereign-debt issues in Europe continue to drive investors to safety.

British Pound Gains vs. Euro, Drops vs. Dollar & Yen

The Great Britain pound gained versus the euro on the speculation that Ireland would fail to find means for decreasing its budget shortfall even though it discusses with the European Union the possible measures to do so. The pound dropped against the US dollar and the Japanese yen.

Ireland’s Budget Deficit Weakens Euro

The euro dropped today as the speculation that Ireland wouldn’t be able to curb its budget deficit renewed the concerns about the debt crisis in the euro-region.

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