Tuesday saw the common currency of the European Union dip to its lowest value in two weeks against the world's reserve currency as economic data noted the beleaguered region this month is enduring the contraction of manufacturing and services, representing the 15th-straight month of shrinking, Bloomberg reports. The European Central Bank is forecast to cut… Read more.
Friday saw the common currency of the European Union dive to its 14-day trough against the monetary unit of Japan after the largest economy of the region released underwhelming economic data, according to Reuters. Debt-hobbled Cyprus is charged with raising 5.8 billion euros by Monday for a 10 million euro emergency bailout to be released.… Read more.
Copper futures were gaining in value on Thursday, tracking the upward surge of the shared currency of the European Union, according to The Wall Street Journal. The monetary unit's climb was spurred by the European Central Bank opting against boosting borrowing costs during its Thursday meeting in Frankfurt, Germany. That proved to be disappointing to… Read more.
Despite some hopes for a diplomatic solution to the ongoing standoff with Iran, the latest deal did not address the sanctions on the country's oil and financial industries, according to The Associated Press. A group of nations including the U.S., France, Germany, China, Russia and the UK met with Iranian representatives in Kazakhstan to present… Read more.
A tepid return to the market by investors and traders from China tugged down copper futures to their three-week trough on Tuesday, according to Reuters. As the world's top consumer of the reddish metal, China this past weekend finished one week of observing the Lunar New Year. But economic data from Germany, the euro zone's… Read more.
Tuesday saw the common currency of the European Union slide against most of its rivals after having spiked higher following the release of favorable economic data from the bloc's largest economy, Reuters reports. The losses were linked with preoccupations about elections scheduled for Sunday and Monday in Italy, host of the euro zone's third-largest economy.… Read more.
The common currency of the European Union lost value on Thursday after economic data demonstrated the 17-nation bloc fell further into a recession, Bloomberg reports. The two largest economies of the euro zone, Germany and France, saw gross domestic product fall during the final three-month period of last year. The European Union statistics office noted… Read more.
Stronger-than-anticipated manufacturing data benefited the shared currency of the European Union as the monetary unit recovered moderately from sharp losses one day prior, Reuters reports. Following the Monday trading session when the euro suffered from political tumult in Italy and Spain, respectively the 17-nation bloc’s third- and fourth-largest economies, the German purchasing managers’ index report released… Read more.
Advances for copper futures during the first trading session of February helped drive the reddish metal toward its biggest weekly gain in four months, according to Bloomberg. The base metal’s good fortune as of late is largely linked with strong economic data released by the two nations that are its top users. Copper – due… Read more.
Thursday saw the shared currency of the European Union gain toward its top value in 10 months following a healthy bond auction in Spain, a nation that last year was on the precipice of economic tumult due to the sovereign debt crisis, Bloomberg reports. The 17-nation currency increased in value against all 16 of its… Read more.