Subscribe

feed image

Our FX reports

Adam Solomon's insight into business and corporate FX issues.
Your Questions on foreign exchange sent direct to the professionals.
The Economy News brings you the latest foreign exchange rate news.

FX Latest

Check Exchange Rate


Bank rates source: Exchange Rates

TorFX Corporate FX solutions

INSIGHT

Forex markets await the stress test
Mark Deans at MoneyCorp gives his morning verdict on the forex markets.Read more...
Standard Chartered warn of increased likelihood of double dip recession
Standard Chartered researchers say premature fiscal tightening could cause double dip recession....Read more...
Conservative dogma: The profound challenges of austerity
Why the Irish debacle of spending cuts is so important to Britain and dispelling the pro-austerity...Read more...
Israel vs Turkey: Concerns for the future of NATO
So what would be the consequences in the unfortunate event that Israel found itself in an armed...Read more...
Barclays: Not having a bank account costs £1000
A new report is issued by Barclays that looks at the challenges of increasing financial inclusion...Read more...
Home Forex Check Forex Rate Euro Dollar exchange rate latest: Friday 12 March
Euro Dollar exchange rate latest: Friday 12 March PDF Print E-mail
Written by Sam Coventry   
Friday, 12 March 2010 10:10
Euro Dollar exchange rate is higher in morning trade at 9am in London.



The EURUSD is 0.344% with 1 EUR = 1.3721 USD.

"The Euro rose against most of the major currencies yesterday, rising 0.2% against the Dollar, as German bonds dropped to the lowest level in more than two weeks, amid renewed hope that Greece's budget deficit will be reined in," reports Adam Solomon at business foreign exchange brokers TorFX.

Camilla Sutton, a Bank of Nova Scotia currency strategist, said that "there's been a lot of stabilisation in Greece. Every day we're moving slowly higher. That's a good sign for the Euro generally."
 
Concern with the Euro-zone has eased slightly, although there is still a high degree of caution, especially with strikes within Greece maintaining underlying fears over the budget outlook. The French President Sarkozy toned down his rhetoric against a weak Euro and this also provided a degree of support for the single currency.
 
US initial jobless claims fell to 462,000 in the latest weekly numbers, down from a revised 468,000 the previous week, which did not provide any real support to the Dollar. The retail sales and consumer confidence data will be watched closely today for further evidence on the strength of spending.
 
US Federal Reserve policy comes into focus next week with the latest FOMC rate announcement due to be held on March 16th. There have been a number of diverging comments from policy makers expressing unease about interest rates remaining at record low levels for an extended period.

A change in the tone or language of the accompanying statement would tend to support the Dollar, amid speculation of an interest rate increase.
Last Updated ( Friday, 12 March 2010 10:12 )
 

Get a quote today for your corporate FX solutions