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- Euro Flat as Traders Remain Pessimistic Even After Greece Receives Bailout
- UK Pound Struggles, Even with Budget Surplus in Britain
- US Dollar Drops on Greek Bailout Hopes
Euro Flat as Traders Remain Pessimistic Even After Greece Receives Bailout Posted: 21 Feb 2012 07:47 AM PST The euro was flat today after the European finance ministers agreed to provide Greece a bailout, but investors weren’t convinced that the situation in the eurozone will improve in the near future.(...) |
UK Pound Struggles, Even with Budget Surplus in Britain Posted: 21 Feb 2012 06:22 AM PST UK pound is struggling today, even with the announcement that Britain saw its biggest budget surplus in four years during January. The news is being met with calls for more government spending to stimulate the economy, but George Osborne is holding steady, and insisting that more austerity is needed. (...) |
US Dollar Drops on Greek Bailout Hopes Posted: 20 Feb 2012 10:25 AM PST US dollar is lower today, dropping as Forex traders look forward to a Greek bailout. The expectation is that eurozone leaders will come up with a way to get Greece the money it needs to avoid a messy default. Equities around the world rallied on the news, and the need for safe haven fell, bringing the US dollar down as well. (...) |
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