Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Euro continues to suffer on currency market

Tue 30th Nov 2010

The euro can expect more testing times ahead as confidence on the foreign exchange market remains weak, a report suggests.Despite having won some support since the confirmation of a bailout deal for Ireland, the currency remains in a weaker position and is on track to record its worst month since May, Reuters reports.

Forex dealers expect to be making more euro sales in the near future on the back of increases in the ten-year bond yields from Italy and Spain, the news provider says.

Both bonds rose by more than 20 basis points yesterday (November 29th), their largest daily rise for more than ten years. Such an increase is a sign of a lack of belief that the Irish bailout will contain the debt crisis, the news agency suggests.

Today's Asian trade saw the currency win some gains, but it remains in a position of vulnerability. Other key movements in the trading saw the yen rise to an 11-week high against the single currency, Bloomberg reports.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs