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Euro Sells Off after Reaching Minor Retracement Zone

February 17, 2011 by admin Leave a Comment

News from the European Central Bank that overnight lending at the 1.75% penalty rate spiked 15.8 billion ($21.4 billion), the highest since June 2009, pressured the Euros overnight. Reports circulating suggest that this spike may be related to renewed problems in the Euro-Zone periphery.

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Euro Sells Off after Reaching Minor Retracement Zone

Filed Under: Forex News Tagged With: 21-4-billion, Euro, european, european-central, from-the-european, highest, market insights, penalty-rate, renewed-problems, spike, the-1-75, the-highest

Euro zone current account deficit worsens

February 17, 2011 by admin Leave a Comment

The euro zone’s current account worsened further in December to show a deficit of €13.3 billion, the European Central Bank said today. The current account on the balance of payments, which includes imports and exports in both goods and services plus capital transfers, is a closely tracked indicat…

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Euro zone current account deficit worsens

Filed Under: Forex News Tagged With: balance, both-goods, current-account, euro-zone, european-central, market insights, plus-capital, the-balance, worsened-further

Euro Sells Off after Reaching Minor Retracement Zone

Euro zone current account deficit worsens

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