Spain — News Archive


Euro Gets Some Breathing Room

Euro is getting some breathing room today, thanks in part to better news out of Germany. The latest trade surplus numbers are helpful, but long-term there are still issues that are likely to contribute to euro weakness.

Euro Gains Despite Discouraging News

The euro rallied against its major peers on Monday and retained its gains at the start of Tuesday’s trading even though news from the European Union was not especially encouraging.

Euro Holds Onto Gains Even with Uncertainty in Spain

The euro is holding on to some of its recent gains today, even with uncertainty over what’s happening in Spain. However, the euro’s gains might be short-lived, as the fate of economic reforms in Spain are in doubt, and as the US dollar is expected to gain ground in the coming year.

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.

Euro Slide Halts as Greece Claims an Agreement

Late yesterday, Greek officials announced that they were drafting an agreement for their creditors. The news halted the euro’s slide, as did an interest in the 19-nation currency by holidaymakers and others.

Euro Drops on Spanish Election

The Spanish election results are rolling in, and the news is of upsets. Concerns about a Greece-style situation in Spain are dragging on the euro as a result.

Data Helps Euro Pare Some of Its Losses

Euro is falling against its major counterparts today, but some of the losses are being pared, thanks to the latest data releases. Some of the regions of the eurozone are reporting progress, and that is reducing some of the difficulty with the euro.

Euro Gains on Manufacturing Data

The latest manufacturing data is in for the eurozone, and it’s more positive than expected. As a result, the euro is gaining ground against many of its counterparts. This might the news that the 18-nation currency region has been waiting for, since it signals that maybe another recession isn’t inevitable after all.

Euro Drops on Policy Expectations

Euro is lower today, dropping as Forex traders look ahead to policy expectations from Mario Draghi and the European Central Bank. Many expect the ECB to embark on looser monetary policy, and that is weighing on the euro.

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.