The common currency Euro struck a new 2-month trough versus the U.S. Dollar in Asian trading today following the Standard & Poor’s decision to lower the long term sovereign debt rating on Ireland from AA to A; the country’s short term debt rating was also lowered.
The common currency Euro was under pressure in lackluster Asian trading as investor concerns grew that peripheral debt in the Eurozone will worsen, in spite of Ireland’s recent request for aid.
Markets were encouraged after the government of Ireland’s official request to the joint mission, which was specifically created to help rescue their fiscally challenged economy, and helped to boost the common currency Euro in London trading. T
The Euro continued its upward trend in Asian trading today, boosted by encouraging signs that the growing Ireland debt and deficit problem is nearing a resolution
The common currency Euro backed off of recent losses, gaining on the U.S. Dollar in Asian trading as Eurozone officials report that Dublin appears ready to work out a plan to rescue their ailing economy.
The common currency Euro remains close to a 7-week trough against the U.S.
The U.S. Dollar rose in Asian trading today, briefly striking a 6-week peak versus the common currency in Euro before it slipped back.
The U.S. Dollar rose to a 6-wee peak versus the common currency Euro in London trading as continuing concerns over Eurozone debt are shaking market confidence.
The USD index hit a six-week peak on Monday, getting a push by higher U.S. Treasury yields. The EUR was stung as Ireland's growing debt problems shook confidence in the euro zone.
Resurfacing investor fears as to whether Ireland’s government will be able to repay sovereign debt and lower its deficit are having a detrimental effect on the Euro, which today struck a 6-week trough against the U.S. Dollar.
The U.S. Dollar slipped versus the Japanese Yen in Asian trading today, coming off a near 1-month peak attributed to investor’s sell-off of the greenback, but market players expect that the dollar will rebound later in the trading day as hedge fund operators enter the picture during the European session.
In Asian trading today, the common currency Euro continued its slide versus the U.S. Dollar on resurfacing investor worries about the Eurozone’s debt problems, giving investors a reason for profit taking.
Continuing worries about the Eurozone’s peripheral debt has kept the common currency under pressure in Asian trading today.
In early London trading, the U.S. Dollar rose against the common currency Euro, benefiting from investors unwinding their short dollar positions as worries over Eurozone debt resurfaces and strong U.S. payrolls data in the U.S. ease some lingering worries.
The U.S. Dollar held near newly established lows in Asian trading today, with the U.S. Dollar Index setting an 11-month low at 75.89 .DXY.