Euro Value

Asian shares and euro slip as Greece fails to reach debt deal

The euro slipped about 0.6 percent on the day to $1.1197, and was down 0.5 percent against the yen at 138.27."With no deal in sight, expectations for default and exit are likely to rise sharply in the days ahead," said Elsa Lignos senior currency strategist at RBC.

Jun 15, 2015, 13:19 PM IST

Merkel says strong euro hurts fruits of reforms

In the global economy, "a very strong" euro would make it difficult for countries such as Spain and Portugal, which adopted significant reforms during the economic crisis, to "harvest the fruits of those reforms, in exports, for example," Merkel told a congress for family-run businesses in Berlin.

Jun 12, 2015, 17:17 PM IST

Europe gains on Greek hopes; dollar up before US data

Europe`s main bourses picked after a slow start. The benchmark FTSEurofirst 300 was last up 0.6 percent, as hopes Greece was closing in on a deal with the European Union, International Monetary Fund and European Central Bank. Greek stocks surged 7 percent.

Jun 12, 2015, 13:03 PM IST

European stocks extend gains, dollar lifted by Fed feelings

Europe`s main bourses picked after a slow start with the region`s benchmark FTSEurofirst 300 last up 0.5 percent, as hopes returned that Greece was close to sealing a deal with its creditors. Athens` stock market surged more than 6 percent.

Jun 11, 2015, 15:08 PM IST

Euro rises to $1.13 on German trade data

The euro got a boost from a widening of Germany`s trade surplus in April as exports grew by 1.9 percent, while imports fell 1.3 percent.

Jun 09, 2015, 10:32 AM IST

Dollar rises ahead of May US jobs report

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

Jun 05, 2015, 10:45 AM IST