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Author: Darrell Jobman

Sharp Slowdown in the German Economy

EUR/USD The Euro maintained a firm tone in Asia on Thursday and consolidated close to 1.34 against the dollar with only limited corrections weaker, but the currency did prove to be more vulnerable during the European session....

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Widening of Portuguese Yield Spreads

EUR/USD The Euro found support above 1.3050 against the dollar in early Europe on Monday and again tested resistance levels above 1.31, but was unable to break higher. There were further underlying concerns over the European...

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Euro Was Unsettled by Renewed Stresses

EUR/USD The Euro maintained a firm tone in early Europe on Friday and pushed to five-week highs above 1.3150 against the dollar as risk appetite remained firm and the US currency remained on the defensive. The Euro was...

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Dollar Remained on the Defensive

EUR/USD The Euro found support below 1.30 against the dollar during Thursday and maintained a generally firmer tone during the session as the dollar remained on the defensive. There were persistent reports of central bank buying...

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Euro Maintained a Generally Firm Tone

EUR/USD The Euro found support above 1.2950 against the US dollar during European trading on Wednesday and maintained a generally firm tone with a test of resistance above the 1.30 level. Risk appetite remained generally firmer...

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Underlying Buying Support Remained Limited

EUR/USD The dollar’s trade-weighted index was at a 1-month low in Asian trading on Tuesday as underlying buying support remained limited and it remained firmly on the defensive during the day. The German ZEW business...

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Further Demand for Commodity Currencies

EUR/USD The Euro pushed higher in Asian trading on Monday as risk appetite remained firmer and there were no surprises from the new Basel bank capital regulations. There was longer than expected for the new capital levels to be...

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