Online:
Visits:
Stories:
Profile image
By Euro Rate Forecast (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Where Next for EUR Exchange Rates? (Matthew Vassallo)

Tuesday, February 24, 2015 10:50
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The EUR has continued to come under pressure against most of the major currencies during the early part of the trading week, with GBP/EUR rates hitting a fresh 7 year high during Monday’s trading. This move was enhanced due to the uncertainty surrounding the current Greek debt crisis and the failure to reach an agreement with its creditors.

However, reports today have indicated that Eurozone finance ministers have agreed to reform proposals submitted by Greece in order to extend its current loan repayment deadline and this is likely to ease pressure on the single currency if confirmed. Whilst the approval still needs to be rubber stamped, it is the first inclination that we may find a positive resolution and will be welcomed by investors hoping for the recent market volatility to subside.

Looking ahead and tomorrow’s speech by ECB president Mario Draghi is likely to be key and could cause additional volatility on EUR exchange rates, as could Thursdays UK GDP figures.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on [email protected]



Source: http://www.eurorateforecast.com/2015/02/24/where-next-for-eur-exchange-rates-matthew-vassallo-4/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.