Thursday saw the value of the common currency of the European Union fall from its highest rate against the world's reserve currency and the Japanese yen, according to Bloomberg. Greek leaders' and private creditors' failure to strike a deal to secure the equivalent of $173 billion in euros as part of a bailout tranche for… Read more.
Friday saw South Pacific monetary units suffer from threats to euro zone economies' credit ratings as the dollars of Australia and New Zealand slipped to the greenback, according to Bloomberg. When the euro zone's second-largest economy, that of France, was noted as losing its unblemished AAA rating, losses to the Kiwi from Thursday continued for… Read more.
Gold futures increased in value on Thursday as a strong sale of Spanish bonds benefited the shared currency of the European Union and pulled down the value of the U.S. dollar, Reuters reports. Despite bullion's climb, the performance was tempered by the European Central Bank leaving its record low interest rate of 1 percent as… Read more.
Crude oil futures dropped to their lowest price in one week of trading sessions after the president of the European Central Bank indicated the institution he leads will not drive purchases of government bonds to close the sovereign debt scourge, Bloomberg reports. After Mario Draghi noted the program to purchase bonds is neither eternal nor… Read more.
Gold futures were climbing in value on Friday as the U.S. dollar weakened and amid the prospect of tighter financial and economic restrictions in the debt-hobbled euro zone, MarketWatch reports. German Chancellor Angela Merkel delivered a speech stating the 17 nations that use the euro should effect rapid adjustments with the treaty in order to… Read more.
Thursday saw the common currency of the European Union achieve a second-straight day of gains when compared with the Japanese yen and the U.S. dollar, Bloomberg reports. The European Central Bank will assert more aggressive efforts to tackle the sovereign debt scourge that is undermining euro zone nations and the monetary unit if regional political… Read more.
Friday saw the common currency of the European Union climb in value as a result of Greece's leader opting against the referendum he suggested earlier in the week, Reuters reports. Though the moneypiece enjoyed a boost in value from Prime Minister George Papandreou all but abandoning the idea to let Greek nationals decide if the… Read more.
The single currency of the European Union recovered some of its losses to the U.S. dollar on Thursday after Greece's leader signaled there will be no referendum and the European Central Bank slashed interest rates, according to MarketWatch. Early in the trading session, the euro endured significant pressure when new ECB president Mario Draghi stated… Read more.