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The Euro Slumped at Lowest Level in Over 2 Months

fxbom.com
10:11 AM

On this day the euro exchange rate continued the decline that occurred since last night (13/12). The euro fell back to its lowest in more than two months against the dollar after Moody’s Investors Service stated that the revised credit rating of the European Union countries will be done.

This agency states that a meeting of EU officials late last week failed to provide appropriate measures to overcome the financial crisis in Europe. Euphoria meeting of the European Union soon extinguished as evidenced by even stronger bond yields in the countries of the European Union in trade last night.

Investor anxiety, Strengthen Pressure Against Sterling

fxbom.com
04:11 PM

In trading GBP / USD European session today (12-12) Pound Sterling tracked down quite sharply against DollarAS and in the range of 1.5578.

Pounds less and less enthused forex investors in line with the indication showing a decline in economic performance in Europe and the UK.

The occurrence of a gap down at the opening of stock markets European countries showed a negative signaled it has reached an agreement in spite of the EU Summit.

At least indkes FTSE100, CAC, SMI DAX30 and opened gap down, suggesting investors are still anxious responding results of the meeting.

Improving the NFP and the Euro Start eroded by the extinction of Positive Sentiment; Market Focus Upcoming December 9th European Meeting

fxbom.com
09:10 AM

In late morning trading before the euro exchange rate seems to have decreased against the U.S. dollar (03/12). The euro fell for the first time in three trading days at the end of this week due to the growing speculation that the next meeting of European officials will not be able to overcome the debt crisis in the euro area.

The U.S. dollar strengthened in line with the presence of positive signal in the United States economy, where it is shown by an increase in performance on the labor sector in the country.