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The euro dropped close to its recent three-month low today, due to concerns that Greece’s political uncertainty and France’s presidential change could undermine austerity plans crucial to tackling the debt crisis in the eurozone, reports Reuters. The single currency remained pressurised after the Greek Left Coalition party’s leader...

The Australian dollar remained steady against the US dollar today as concerns over how Spain’s financial crisis will be handled continued to impact market sentiment, while yesterday’s positive US manufacturing data helped the greenback, reports Forexpros. AUD/USD reached a daily high of 1.0355 in the late Asian trade, with the pair...

Australian inflation has slowed at a quicker rate than anticipated, boosting hopes of a rate cut in May, reports the BBC. Consumer prices increased by 0.1 per cent during the opening three months of 2012 in comparison with the previous quarter, revealed the statistical office. The annual price growth rate was 1.6 per cent, way below most...

The safe-haven yen fell from multi-week peaks versus major currencies today after an official from the European Central Bank hinted that more bond-buying was a possibility, although an approaching Italian debt sale posed additional risks to jittery markets, reports Reuters. The Australian dollar climbed by over half a per cent on the...

The euro remained largely steady versus the dollar today as the market gets ready for China’s trade data and the bank of Japan’s announcement following its two-day monetary policy meeting, reports Reuters. The euro held on to $1.3111, having climbed from its four-week low of $1.30330 on Monday but stopped just short of resistance at...

The yen fell from multi-week peaks on a number of currencies in Asia today as investors chose to book profits because demand linked to Japan’s financial year-end was fading, reports Reuters. The last week has been dominated by the Japanese currency’s repatriation and position squaring that breached several key stop-loss levels. The...

Australia and China have signed a currency exchange agreement in an attempt to promote bilateral investment, reports the BBC. It will allow local currencies up to the value of 30bn Australian dollars (£ 20bn) to be exchanged between their central banks over a three-year period. The agreement is expected to reduce businesses’ costs as...

The yen kept a hold of overnight gains in Asia on Friday having gone up across the board with investors giving risk currencies such as the Australian dollar a wide birth because of concerns about the global economy’s health, reports Reuters. Surveys on Thursday revealed that manufacturing shrank for a fifth consecutive month in China,...

The dollar gained ground across the board today, boosted by safe-haven demand which was driven by concerns about a possible slowdown in China, which affected stocks in both Europe and the US. Global miner BHP Billiton revealed that there were indications that there has been a flattening of growth in iron-ore demand in China, Australia’s...

The yen remained on the defensive today with the euro hitting a five-month high on the Japanese currency, as the dollar nursed losses after a setback last week, reports Reuters. The euro hit a high point of 110.15 at one stage on trading platform EBS, the highest it has been since late October. Its gains later paired and was last trading...