Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Euro slides against dollar on Greek concerns

The dollar gained against the euro on Wednesday amid concern the European Parliament elections starting on Thursday may shift the balance of power in the 18-nation region.

The yen reached a three-month high earlier after the Bank of Japan refrained from expanding stimulus.

You still have to hold on to the longer-term view that dollar-yen will eventually be higher on the ground that in the next six months the Bank of Japan will be easing again, and the Feds going in the opposite direction, Richard Franulovich, chief currency strategist for the northern hemisphere at Westpac Banking Corp in New York, said in a phone interview.

One thing to look out for in the EU election is Greece they want to rewrite the austerity package.

However the bonds of peripheral euro-area nations rose on Wednesday as concern that support for anti-EU politicians would derail the regions recovery eased.

The average yield to maturity on bonds from Greece, Ireland, Italy, Portugal and Spain climbed to 2.39 percent on Wednesday, up from 2.13 percent on May 8, the lowest since the formation of the currency bloc, according to Bank of America Merrill Lynch indices.

[Bloomberg]

ekathimerini.com , Wednesday May 21, 2014 (21:31)  
Jobless rate starts picking up again
Election lifted consumers mood
ECB decisions may prove to be a blessing in disguise
Market sees govt yielding after pressure
BoG chief Stournaras briefs PM Tsipras on ECBs decisions on Greece
Bank of Greece Governor Yannis Stournaras visited Prime Minister Alexis Tsipras on Friday to brief him on discussions at the meeting of the European Central Bank's governing council in Nicos...
PM, FinMin in diplomatic push to sell measures
Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are launching a diplomatic offensive, with calls to several European counterparts, in a bid to lay the groundwork for anot...
Inside News
BASKETBALL
Barcelona beats Panathinaikos once more
For the fourth time this season Panathinaikos failed to beat Barcelona, this time in Athens, losing 81-77 on Thursday and denting its chances for a privileged top-two finish in its Euroleagu...
SOCCER
Iraklis, Apollon and Xanthi in Cup semis
The prospect of a second-division team reaching the Greek Cup final has grown considerably after two out of the three teams that made the semifinals this week come from the Football League. ...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greeces most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Balancing the Greek budget: The ancient Athenian perspective
Is democracy good for balancing a budget? For many today the answer is a resonating no. This answer is easy to understand. In the birthplace of democracy, Greece, the states budget is a mes...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. BoG chief Stournaras briefs PM Tsipras on ECBs decisions on Greece
2. Barcelona beats Panathinaikos once more
3. Iraklis, Apollon and Xanthi in Cup semis
4. PM, FinMin in diplomatic push to sell measures
5. Lenders see slow progress on Greek reforms ahead of Eurogroup
6. Greece eyeing series of foreign policy initiatives
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece
2. Greek-Turkish relations
3. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
4. Greece struggles to make debt math work amid bailout standoff
5. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
6. Government policy
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. SYRIZA feeling the pain
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.