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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...

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...

The yen fell to a seventh-month low on the dollar in Asia, while the euro held firm as investors continued unwinding negative bets on the single currency before a fresh liquidity injection by the ECB, reports Reuters. The yen, which has been pressurised since the Bank of Japan’s surprise easing earlier in February, fell to depths not...

As reported by Reuters, the greenback battled against the yen on Thursday, having experienced a new three-month low for three straight days and heightening fears that Japan would act to weaken its currency. The dollar also lost its standing against commodity currencies and the euro as risk appetite improved after a series of Chinese...