Euro Lags as ECB Offering Disappoints

Following an initial rally on the news that the ECB’s latest offering had been so well received, the euphoria quickly waned as market players understood that the offer was essentially only a liquidity operation, and could not in any way solve the underlying problem of the Eurozone debt crisis. Source:

Euro Dips as Summit Outcome Disappoints

As was generally expected, the outcome of the last European Union summit left investors unsatisfied and the Euro, as a result, fell in Asian trading against the U.S. Dollar. Source:

Euro under Pressure Again as Ecofin Meeting Disappoints

In Asian trading, the Euro slipped against the U.S. Dollar following a weekend of political setbacks in the Eurozone left the single currency on shaky ground. As reported at 2:22 p.m. (JST) in Tokyo, the Euro was trading down nearly 1% against the greenback to $1.3664; it also fell 0.8% against the safe haven Japanese [...]

The EUR vs USD Disappoints

The EUR hovered directly under a key level vs the USD on Wednesday, affected by profit-taking after it hit an 11-week record, while the AUD decliens as inflation data pared the chances of an interest rate rise next week. Source: DailyForex News