Euro soars 1.5% on dollar

The euro leaped 1.5% against the dollar Thursday as global stocks rallied, following a recent trend in which the shared currency tends to recoup some losses toward the end of the week.

Euro soars 1% on dollar

The euro leaped 1% against the dollar Thursday as global stocks rallied, following a recent trend in which the shared currency tends to recoup some losses toward the end of the week.

Euro continues rebound

The euro continued bouncing off four-year lows seen earlier this week, as investors unwound bets against the shared currency on speculation that the European Central Bank will intervene in the market for the first time in 10 years.

German short-selling ban won’t stabilize a thing

Late Tuesday in Europe, German authorities announced they would temporarily ban naked short selling of certain financial institutions and buying of naked credit default swaps of European Union government bonds. Perhaps not surprisingly, the U.S. equity markets sold off on the news and the reaction from European markets Wednesday was just as predictable, down 2 – 3.5% across the continent.

Euro loses ground

The dollar rose against the euro Thursday as European stocks took a dive, with the shared currency losing most gains it managed in the previous session.

Estonia in the euro? Why?

Despite the turmoil in the eurozone, there’s a bit of a love fest going on across the Atlantic. Estonia has worked hard and behaved well, and it’s now time for the little country to adopt the euro. And the euro, right now, just wants to be wanted.

Germany’s short selling ban won’t stabilize anything

Late Tuesday in Europe, German authorities announced they would temporarily ban naked short selling of certain financial institutions and buying of naked credit default swaps of European Union government bonds. Perhaps not surprisingly, the U.S. equity markets sold off on the news and the reaction from European markets Wednesday was just as predictable, down 2 – 3.5% across the continent.