October 2012 UK Forex and Foreign Exchange News Archive
Archived Daily Wealth Management News...
Spain budget announcement sees euro stay above two-week low
28 Sep at 10 AM
News Item Link: Spain budget announcement sees euro stay above two-week low
The euro was able to hold above its two-week low versus the dollar after Spain announced a fresh budget which many market players saw as the first step towards requesting financial aid.
With the third quarter coming to an imminent end, the euro is on course to close it out with a marginal gain, but the quarter ahead is likely to see the...
Euro remains near one-week trough against dollar
26 Sep at 3 PM
News Item Link: Euro remains near one-week trough against dollar
The euro hovered close to a one-week low versus the dollar on Wednesday, held back by continued uncertainty over whether Spain will finally request financial aid.
The situation worsened in Spain on Tuesday as angry protesters took to the streets of Madrid to vent their dissatisfaction about further austerity measures which will be...
Australian dollar weakens on profit-taking
24 Sep at 6 PM
News Item Link: Australian dollar weakens on profit-taking
The Australian and New Zealand dollars weakened on Monday as profit-taking brought an end to rallies that were driven by world central banks launching stimulus moves earlier in September.
Meanwhile, the euro fell close to a low hit last Thursday due to ongoing uncertainty over Greece and Spain, while repatriation in Japan helped the yen...
Euro and Aussie bounce back
21 Sep at 10 AM
News Item Link: Euro and Aussie bounce back
The euro regained some ground on Friday, but saw its gains limited on the back of a spate of surveys that revealed business activity in the eurozone was still weak.
The single currency climbed by 0.1 per cent to $1.2986, after falling to a low of $1.2920 on Thursday. Meanwhile, the Australia dollar went up by 0.3 per cent to $1.0468, and...
Bank of Japan policy easing announcement expected soon
19 Sep at 11 AM
News Item Link: Bank of Japan policy easing announcement expected soon
The yen remained down on the dollar in Asian trading on Wednesday as speculation mounted that the Bank of Japan could be ready to ease monetary policy when its two-day meeting draws to a close later today.
Experts say that he chances the BOJ could carry out action have gone up since the US Federal Reserve announced last week that it was...
Dollar held back by Fed
17 Sep at 6 PM
News Item Link: Dollar held back by Fed
The dollar remained close to a seven-month trough versus a number of major currencies at the beginning of the week, and was expected to remain pressurised on the back of the Federal Reserve’s decision to launch monetary stimulus to prop up the US economy.
The central bank’s announcement last week that it was to carry out a third wave...
Dollar down as Fed announces stimulus
14 Sep at 9 AM
News Item Link: Dollar down as Fed announces stimulus
The dollar fell broadly on Thursday, dropping to a seven-month trough versus the yen and a four-month-low against the euro as the Federal Reserve revealed it was to inject further money into the flagging US economy.
The Fed announced that it would purchase $40bn of mortgage debt a month and will keep buying this and other assets until...
Euro climbs to four-month peak ahead of German decision
12 Sep at 2 PM
News Item Link: Euro climbs to four-month peak ahead of German decision
The euro reached a four-month peak versus the US dollar on Wednesday ahead of a decision by a German court on whether it will back the rescue plan for the eurozone.
Traders said the single currency could surge past stop-loss orders of $1.2895 should the German Constitutional Court give its backing to Europe’s largest economy...
Euro loses ground on dollar
10 Sep at 6 PM
News Item Link: Euro loses ground on dollar
The euro fell versus the dollar at the beginning of the week as investors braced themselves for this week’s Federal Reserve policy meeting.
The market expects that the Fed will launch a fresh round of quantitative easing in order to prop up the faltering economy. However, despite the single currency’s losses, it remained near...
Euro up following ECB bond buying announcement
7 Sep at 9 AM
News Item Link: Euro up following ECB bond buying announcement
The euro climbed to a two-month high versus the dollar in US trading on Thursday after the European Central Bank announced a new bond-buying programme in order to curb the debt crisis in the eurozone.
Market players have been preparing for the announcement for some time and, after reports were leaked on Wednesday that the ECB may introduce...
Euro up on talks of ECB bond buying
5 Sep at 6 PM
News Item Link: Euro up on talks of ECB bond buying
The euro rebounded from losses earlier in the day to jump dramatically following indications that the European Central Bank is set to announce a fresh government bond purchasing initiative to tackle the debt crisis in the eurozone.
The ECB is scheduled to have a policy meeting on Thursday at which more details of the programme will be...
Euro holds firm on ECB hopes
4 Sep at 9 AM
News Item Link: Euro holds firm on ECB hopes
The euro was resilient on Tuesday with optimism high that the ECB will launch measures to combat the embattled region’s debt crisis this week.
The common currency stood at $1.2584 in early Asian trade, in comparison with $1.2571 recorded in Monday’s late European trade. The currency stayed close to an eight-week high of $1.2638 hit...