The euro rose against the dollar in Asia Thursday.

Written by Dukascopy (Suisse) SA Thursday, 13 May 2010 11:12

Market Overview
The euro rose against the dollar in Asia Thursday as some Asian hedge funds bought the unit on the view it won't likely fall sharply for now because Europe's fiscal problems won't worsen much in the near term.
These hedge funds speculated that the EUR750 billion bailout plan created Monday may contain investors' concerns that Greece could default, at least for now.
As of 0450 GMT, the euro rose to USD1.2667 from USD1.2629 in New York Wednesday, and increased to JPY118.00 from...

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The euro fell against the dollar and yen in Asia Wednesday.

Written by Dukascopy (Suisse) SA Wednesday, 12 May 2010 09:42

Market Overview
The euro fell against the dollar and yen in Asia Wednesday as falls in Chinese shares prodded U.S. and European hedge funds and Japanese interbank players to sell the risk-sensitive unit amid continued uncertainty over euro-zone debt problems.
The single currency may continue on its downward path in the days ahead, dealers said.
During the Asian session, non-Japanese hedge funds sold the risk-sensitive euro, using Chinese stock falls as an excuse to sell the unit, dealers said...

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The euro fell against the yen and dollar in Asia Tuesday.

Written by Dukascopy (Suisse) SA Tuesday, 11 May 2010 11:01

Market Overview
The euro fell against the yen and dollar in Asia Tuesday as bank dealers and short-term investors sold the common currency amid the continued threat of more credit rating downgrades to fiscally troubled euro-zone members despite a massive bailout plan announced earlier in the week.
Investors in Asia reacted to that news Tuesday by selling the euro against the yen and dollar to lock in profits after the common currency rose Monday, dealers said. The euro had risen at the start of...

Read more: The euro fell against the yen and dollar in Asia Tuesday.

The common currency had overnight surged to nearly USD1.31.

Written by Dukascopy (Suisse) SA Monday, 10 May 2010 18:46

Market Overview
With the immediate euphoria cooling after a massive support program for debt-troubled euro-zone countries, the euro pared early gains Monday morning to dip below USD1.29.
The common currency had overnight surged to nearly USd1.31, as the unexpectedly large European Union emergency package and the joint efforts with the European Central Bank and the International Monetary Fund lifted hopes that immediate threats to the European financial system have been contained.
The package...

Read more: The common currency had overnight surged to nearly USD1.31.