The euro loses ground as worries over the health of countries on the periphery of the eurozone escalate

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US Congress backs action on renminbi

On September 30, 2010 By

In a move that could heighten trade tensions between the two countries, the House of Representatives has passed legislation that would punish China for undervaluing its currency

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Asian central banks act to stem rises

On September 30, 2010 By

Asian central banks stepped in to stem the rise of their currencies as the dollar continued to slide

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A rebound in Euro-Zone consumer inflation expectations could reinforce the bullish bias behind the EUR/USD, and the exchange rate may continue to push higher over the near-term as it maintains the rally from earlier this month.

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