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The yen has hit its lowest level in 20 months as Shinzo Abe prepares to return as prime minister. The Liberal Democratic Party won a landslide victory at the polls earlier in the month and the party’s leader has promised to weaken the currency and introduce stronger fiscal measures in order to stimulate growth. Activity in most global...

The US dollar has hit its highest level against the yen in 20 months. The drop in the value of the Japanese currency follows Monday’s election results that saw the Liberal Democratic Party voted into power by an overwhelming majority. Leaders have already said they intend to introduce aggressive monetary easing as a way of weakening the...

Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany. The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...

Indications Europe is making progress in dealing with its debt crisis has given a boost to market sentiment and saw the pound rise to its highest level against the US dollar in nearly a month. However, there are signs that the UK economy continues to struggle after construction data released for November indicated the sector remains weak....

Weak business confidence data coming out of Germany and uncertainty over the economic situation in Greece saw the euro drop to its lowest level in two months. The euro is currently trading at $1.2702 after a fall to $1.2661. The euro was prevented from dropping further by hints that international lenders may be about to send further aid to...

The US dollar has fallen slightly against a basket of other currencies as investors bet that the currency has risen too fast recently against a background of debt problems in Europe and continuing economic uncertainty at home. However, all eyes are now on who will be leading the country as Americans await the results of the presidential...

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...

An announcement by credit ratings agency Moody’s that it does not intend to reduce Spain’s rating from investment grade helped the euro hit a four-week high against the dollar. Many analysts feared that the recession hit country might be downgraded to junk. Over the past few weeks the euro has found support from expectations that Spain...

The euro has rebounded slightly against the US dollar although fears concerning Greece and Spain continue to heap pressure on the single currency. In recent trading the euro strengthened from a low of 1.2905 to 1.2950. Pessimism about the health of the global economy is also keeping the euro down. The International Monetary Fund has issued...