Spain — News Archive


Euro Gains Ground on Dovish Fed Sentiment

Euro is gaining ground today, due in large part to the dovish sentiment coming out of the US Federal Reserve. Concerns that the Fed would announce interest rate increases sooner rather than later, along with worries about the eurozone economy, had been weighing on the 18-nation currency.

EUR/USD Goes Higher with Help from Economic Data

The euro gained on the dollar today as the set of extremely positive macroeconomic reports for Europe reduced chances for the European Central Bank to add more stimulus at this week’s policy meeting. The currency fell a little versus the Japanese yen and retreated against the Great Britain pound.

Euro Pulls Back After Earlier Success

Euro is pulling back today after earlier success against its major counterparts. Even though business confidence rose in Germany, there are enough problems elsewhere in the eurozone that the 18-nation currency is being bogged down today.

Risk Appetite Flees and Euro Struggles

Risk appetite has left currency market, and the result is a struggling euro right now. There has been some good news out of the eurozone, with Ireland and Spain exiting their bailouts, but there are still plenty of troubles and the European economic recovery may be far from certain.

Euro Struggles After GDP Data

Euro is struggling today, mainly due to disappointing economic data. The latest GDP numbers are in, and they show that the eurozone recovery is barely hanging on. It’s not helping, either, that German and France are having their own economic struggles right now. There’s little to support the euro, and there are concerns that another recession could be coming.

Euro Soft, Damaged by Signs of Weaker Recovery

The euro dropped today as speculations persisted about potential implementation of additional monetary stimulus by the European Central Bank. The economic reports were not helping the matter and the forecasts for the next year were less optimistic.

Euro Continues to Struggle a Bit Against the US Dollar

Euro continues to struggle a bit against the US dollar today, even after the latest unemployment release in the eurozone. Signs that a muted recovery might come into play during the last part of 2013 are not quite enough for the 17-nation currency to log gains against the greenback right now.

Euro Strong vs. Dollar & Pound, Weak vs. Yen

The euro climbed against the US dollar and rose versus the Great Britain pound as German business climate continue to improve and Spanish unemployment shrank. The currency fell for the second day against the Japanese yen, erasing the big advance that it has made on Wednesday.

No Respite for Euro

The euro remained under pressure as continuously bad reports from Europe drive investors away from the region’s assets and make them question if the European Central Bank will act to help the failing economy.

Euro Struggles Below 1.30 Against US Dollar

Euro continues to struggle, dropping below the 1.30 level against the US dollar today. Concerns about what might be coming are weighing on the 17-nation currency, causing it to lag behind some of its high beta peers.