forex europe

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Forex News – EU Summit results in 50 percent haircut on Greek bonds

Posted on October 27, 2011 6:29 am GMT

The much anticipated EU Summit last night in Brussels ended with success after an eight-hour negotiation session between the leaders of the 27-member European Union and bankers that finally resulted in an agreement on Greek bond haircuts.
Under the deal, private […]

Forex Europe News – Yen hits another record high against dollar; euro steady

Posted on October 26, 2011 1:02 pm GMT

EURUSD remained steady today in light trading as investors wait eagerly and nervously for the EU Summit to begin tonight in Brussels at 6pm local time. The second EU Summit today will hopefully iron out sticky issues such as measures […]

Forex Europe Review – Euro reverses gains after Merkel comments

Posted on October 25, 2011 1:08 pm GMT

EURUSD hit a fresh six-week high in European trading on risk appetite over optimism on the outcome of tomorrow’s EU summit. However, before the end of the session, euro reversed direction on comments made by German Chancellor Angela Merkel. It […]