October 2012 UK Forex and Foreign Exchange News Archive
Archived Daily Wealth Management News...
Euro rises against the yen
31 Oct at 9 AM
News Item Link: Euro rises against the yen
The euro has strengthened following a successful sale of Italian five- and 10 year bonds that saw the country’s borrowing costs significantly reduced and data from Spain that shows that in the third-quarter the country’s economy contracted at a slower rate than expected.
Having risen against the dollar after an announcement by the Bank...
Euro down against the dollar
24 Oct at 9 AM
News Item Link: Euro down against the dollar
Concerns over the health of the global economy and a decision by Moody’s to downgrade the credit rating in five regions across Spain has seen the euro and the yen drop against the US dollar. The current fears about global growth have been fuelled by reports of poor earnings from companies in the US.
Spain’s borrowing costs rose after...
Euro up as Spain holds on to investment rating
17 Oct at 9 AM
News Item Link: Euro up as Spain holds on to investment rating
An announcement by credit ratings agency Moody’s that it does not intend to reduce Spain’s rating from investment grade helped the euro hit a four-week high against the dollar. Many analysts feared that the recession hit country might be downgraded to junk.
Over the past few weeks the euro has found support from expectations that Spain...
Euro up against the dollar as ECB warns recovery will be slow
10 Oct at 9 AM
News Item Link: Euro up against the dollar as ECB warns recovery will be slow
The euro has rebounded slightly against the US dollar although fears concerning Greece and Spain continue to heap pressure on the single currency. In recent trading the euro strengthened from a low of 1.2905 to 1.2950. Pessimism about the health of the global economy is also keeping the euro down.
The International Monetary Fund has issued...
Euro drops as Spain denies call for aid is imminent
3 Oct at 12 PM
News Item Link: Euro drops as Spain denies call for aid is imminent
An announcement by Prime Minister Mariano Rajoy of Spain that the country is not expecting to make an imminent call for aid from Europe has dented the euro slightly. However, things could have been worse for the single currency if the Australian dollar hadn’t fallen against most other currencies after an announcement by the Reserve Bank of...
Euro rebounds from three-week trough
1 Oct at 2 PM
News Item Link: Euro rebounds from three-week trough
The euro recovered from sinking to a three-week low against the dollar on Monday as manufacturing data from the euro bloc was better than anticipated, but continued doubts about Spain’s bailout kept gains limited.
The manufacturing sector in France deteriorated dramatically last month, while Germany’s Purchasing Managers’ Index went...