Dollar Gains Upper Hand Against Euro

As skepticism continues about how effective Greece’s actions will be in dealing with its debt problems, the dollar rallied to gain an upper hand over the Euro after a long gap of 2 years. Not only that, it has recorded the highest gain per quarter as compared to the Euro in this period.

Euro countries are still threshing out the final plan which will help pull Greece back on its feet but no positive conclusion is imminent yet. Given the uncertainty in the situation, the general confidence in dollar is growing by leaps and bounds. Traditionally, the dollar has always grown stronger in face of uncertain Euro performance and vice versa. [Read more…]

Greece and the Eurozone: What Went Wrong?

There was a lot of enthusiasm when the euro was introduced to the world. The adoption of such a currency was intended to encourage the free flow of goods, services and commerce internally in Europe. It seemed ideal at the time, as having one currency enables easier transactions and facilitates trading of stocks/bonds at a common price all over Europe. But for once country it has all gone horribly wrong – Greece. [Read more…]