Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, falling to a fresh five-day low after China’s central bank raised interest rates, as part of a continuing effort to curb spiraling inflation.EUR/USD...
Read MoreForex Pros – The euro slid to a six-day low against the pound on Wednesday, weighed by fears over sovereign debt contagion in the euro zone after ratings agency Moody’s downgraded Portugal’s credit rating to junk status.EUR/GBP...
Read MoreForex Pros – Cotton futures were up for the first time in three days on Wednesday, as adverse weather in the U.S. and India added to concerns over deteriorating crop conditions in two of the world’s largest cotton growers. ...
Read MoreForex Pros – German factory orders rose unexpectedly in May, increasing for the second consecutive month, official data showed on Tuesday.In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 1.8%...
Read MoreForex Pros – The Swiss franc slipped against the U.S. dollar on Wednesday, giving up some of the previous session’s hefty gains, as risk appetite was hit by concerns over contagion in the euro zone after Portugal’s debt rating...
Read MoreForex Pros – The euro fell to a four-day low against the U.S. dollar on Wednesday, after Moody’s downgrade of Portugal’s credit rating to junk status sparked fresh concerns over sovereign debt contagion in the euro...
Read MoreForex Pros – The euro zone’s economy grew in line with preliminary estimates in the first quarter of 2011, official data showed on Wednesday.In a report, Eurostat said the euro zone’s gross domestic product rose by a seasonally...
Read MoreForex Pros – European stock markets were broadly lower on Wednesday, as shares in the financial sector led losses after ratings agency Moody’s downgraded Portugal’s sovereign debt rating to junk status. During European...
Read MoreForex Pros — The pound erased losses against the U.S. dollar on Tuesday, climbing to a daily high, boosted by stronger-than-expected data on the U.K. services sector.GBP/USD clawed back up from 1.5990, the pair’s lowest...
Read MoreForex Pros – The euro remained down against the U.S. dollar on Tuesday, after official data showed that retail sales in the euro zone slumped in May, posting their biggest fall in a year.EUR/USD hit 1.4460 during European early...
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