August 2012 UK Forex and Foreign Exchange News Archive

The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...

After declining for three sessions since Thursday, the euro rallied against the dollar again yesterday amid continued fears of more quantitative easing in the US and hopes that the European Central Bank will begin buying bonds from Spain and Italy. Investors are also looking towards the end of the week when Fed chairman Ben Bernanke will...

The euro started steadily in Asian morning trading today, but experts fear that it could see a downturn as investors worry that the European Central Bank maybe dragging its feet when it comes to resolving the region’s debt crisis. It is thought that the ECB may not now be able to present a plan at its next meeting on 6 September after the...

A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589. Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...

Before talks of its bailout, Prime Minister Antonis Samaras has asked for more time to execute harsh spending cuts. The issue is whether or not Greece has done enough to warrant getting its next €31.5 billion payment. If funds are not unlocked Greece will default on its public debt and may have to leave the euro. There is much pressure...

Following a statement from Germany’s Finance Minister about the unlikelihood of bond spreads being targeted by the European Central Bank, the euro eased away from a high session against the sterling today. A dip of 0.09% saw EUR/GBP finish at 0.7851 in morning trade after briefly reaching 0.7872. Friday’s high of 0.7876 was quoted as...

The euro reached a six-month peak on the yen on the back of remarks from German Chancellor Angela Merkel that European leaders are behind the European Central Bank in carrying out measures to ease the region’s debt crisis. Merkel said that comments made by Mario Draghi, the president of the ECB, insisting that the central bank was...

Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy. Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...

The dollar climbed versus the Japanese yen on Tuesday on the back of US data that revealed retail sales in the country were up in July. The figures were an indication that consumers may provide hope that the economy can expand during the third quarter, and it was also the first time retail sales had increased in four months. The greenback...

The euro dropped for the third day in a row on Friday, falling further back from recent highs as investors began to doubt the ability of the European Central Bank to solve the debt crisis and offloaded the currency. Currencies like the Australian dollar also lost ground after weaker-than-anticipated trade data from China increased slowdown...

The euro was steady versus the dollar in Asian trading on Wednesday, helped by increased optimism that the European Central Bank will launch measures to reduce Spain and Italy’s borrowing costs. The single currency remained largely unchanged from Tuesday’s late US trade at $1.2394, close to its one-month peak of $1.2444 reached on...

For a second session in a row, the euro went up versus the dollar in thin trading on Monday, driven by renewed hope that the European Central Bank will buy binds to reduce Italy and Spain’s borrowing costs. It is now the single currency’s best two-day gain versus the greenback on over nine months. Earlier today, it also climbed to a...

The New Zealand and Australian dollars jumped to record highs versus the euro as the single currency fell following disappointing news from the European Central Bank over the debt crisis in the region. The kiwi rose against a basket of currencies after prices of whole-milk powder went up, while the Australian dollar climbed against many of...

The euro climbed versus the dollar and yen yesterday as the Federal Reserve kicked off a two-day meeting, but low expectations about what the European Central Bank may decide to do later this week kept investors cautious of aggressively buying the currency. The ECB is due to meet on Thursday, just a day after the Federal Reserve finishes...