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The euro dropped against the dollar today following French President Nicolas Sarkozy’s announcement that a strong euro impacted exporters, reports Reuters. The single currency looked set to remain pressured with investors still cautious about Spain’s fiscal problems and eurozone debt contagion as a whole. Traders cited Swiss investors...

European stocks increased on Tuesday, as an upbeat economic sentiment reading from Germany and sufficient demand at a government debt auction in Spain helped lower the risk aversion and attract investors back to the equity market following a month-long sell-off, reports Reuters. However, technical strategists said it was too early to say...

Spain’s cost of borrowing has gone above six per cent, increasing bailout prospects, according to the BBC. The yield on the country’s 10-year bonds hit 6.1 per cent in the build up to debt auctions on Tuesday and Thursday which could become expensive for Spain. The country’s cost of borrowing has risen steadily during the last four...

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...

European markets edged up on Wednesday after making recovering slightly from losses on Tuesday, reports the BBC. By lunchtime, the French and German indexes were up nearly 1.5 per cent, while the FTSE 100 in London was up by 0.6 per cent. Investors are still concerned about Spain, which is faced with borrowing costs of almost six per cent,...

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...

Stock markets have fallen on fears about the European and US economies, reports the BBC. Shares fell in Europe following the disappointing Spanish bond sale. French and German shares dropped by nearly three per cent. In addition, the European Central Bank said that it would not take emergency measures to tackle the debt crisis in the...

The euro dropped to a three-week low versus the dollar, while bonds edged higher as Spain’s debt burden increased fears of further problems for economies in the eurozone and lowered appetite for riskier assets, reports Reuters. Global stocks dipped, while gold and energy prices climbed. Wednesday’s poor Spanish bond auction added to...

The euro dropped to a three-week low versus the dollar today after the president of the European Central Bank, Mario Draghi, revealed that the economic outlook for the eurozone is subject to downside risks linked to commodity prices and the debt crisis, reports Reuters. The single currency was already pressurised after Spain’s borrowing...

There was little movement in the dollar versus the euro in the run-up to the central bank’s release of its minutes on Tuesday, as investors were reluctant to place big bets before the meeting of the European Central Bank later in the week, reports Reuters. Trading was referred to as quiet in the build-up to Easter, as the market focuses...