Economic News

Greek Bailout Vote To Test Syriza Party Rebellion

by Forex Rooton July 22, 2015 11:42 am BST
ATHENS (Reuters) – Greece’s leftist government urged disgruntled lawmakers on Wednesday to back reforms required for talks on a rescue deal to start, as Prime Minister Alexis Tsipras faced his second major test in parliament in a week. A first set of reforms that focused largely on tax hikes and budget discipline triggered a rebellion […]
Photographer: Peter Parks/AFP/Getty Images

Australia’s Dollar Fell To Lowest on Iron Prices

by Forex Rooton December 15, 2014 6:29 am BST
The Aussie weakened against most of its 16 major peers after Treasurer Joe Hockey said yesterday the budget deficit is deepening because of the biggest slump in the nation’s terms of trade since records began more than 50 years ago. The yen pared gains after Prime Minister Shinzo Abe’s victory in elections he called to […]

Euro Declines as Investors Weigh Prospects for More ECB Easing

by Forex Rooton October 22, 2014 12:18 pm BST
The euro slid for a second day against the dollar as investors weighed the prospects of additional easing policies from the European Central Bank. The shared currency also fell against the yen. A report yesterday by Reuters that the ECB was considering buying corporate debt helped send the euro tumbling by the most in a […]

Draghi’s “Whatever It Takes” Helped Save The Euro!

by Forex Rooton October 14, 2014 12:44 pm BST
ECB President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the 18-nation currency, an ECB lawyer said at a hearing. The European Court of Justice, the bloc’s highest court, is weighing whether Draghi’s ECB overstepped its powers in 2012 with the promise […]