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Euro Hits a 5 Months High as FOREX-Dollar Takes another Nose Dive

Despite being hampered by Ireland/ Portugal, the euro continues to gains grounds while the US dollars took a further nose dive down the other end. Reports of exchange rates from all around the forex market shows that the dollar index is at 78.616, an eight-month low while the euro hits a 5-month high.

exchange rates news

Euro Hits a 5 Months High as FOREX-Dollar Takes another Nose Dive

Despite being hampered by Ireland/ Portugal, the euro continues to gains grounds while the US dollars took a further nose dive down the other end. Reports of exchange rates from all around the forex market shows that the dollar index is at 78.616, an eight-month low while the euro hits a 5-month high.

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Foreign Exchange Trading Explained

Forex is the name generally applied to the currency exchange market (or forex market), it’s the value of a currency crossed against another. When an exchange is made of one currency into another it’s carried out at the current rate of the two related currencies. For example if the value of the Euro versus the [...]

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The Euro, British Pound and US Dollar: A closer look

The Euro, British Pound and US dollar are three of the most heavily held, exchanged and speculated currencies in the world. They account for billions of dollars in business trade and foreign exchange every day. The euro (EUR) is the official currency of the Eurozone, which is made up of 16 of the 27 member [...]

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Economic data and its affect on foreign exchange rates

Important economic data announcements can have significant effects on foreign exchange rates. This is evidenced by the fact that immediately preceding and following major anticipated economic events, trading becomes more volatile and price swings can be intense. There are a number of expected economic data announcements that take place in major countries every morning. Expected [...]

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An introduction to foreign exchange rates

In order to conduct business in multiple international markets, those in charge of financial decision making at a company have to have a solid understand of foreign exchange rates and how they affect revenue and profit. Similarly, a novice investor in currencies needs to have a good understanding of rates of exchange, how to read [...]

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