• Euro Falls to 1 Year Low Against US Dollar at the Outset of Data Heavy Week

    The Euro fell modestly in early trading on Monday, reaching a one year low against the US Dollar. August marked the second consecutive month of losses for EUR/USD. Rising fears over the crisis in the Ukraine pressured the 18-nation common currency, which fell to a low of 1.3118 in overnight trading.

  • Euro Falls to New 11 Month Lows Against the Dollar After Draghi Comments

    ECB president Mario Draghi’s comments on Friday raised market expectations of quantitative easing in the euro zone, sending the European common currency sharply lower. Draghi, speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, stated that


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  1. What Happened Monday and a Look Forward
    *The key economic event to start the week was the release of the August manufacturing PMIs. * The reports larg. […]
  2. EUR/USD declines to hit close to one-year low
    EUR/USD (daily chart shown below) has declined even further to hit close to a one-year low of 1.3118, just sli. […]