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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...

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...

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...

The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...

After declining for three sessions since Thursday, the euro rallied against the dollar again yesterday amid continued fears of more quantitative easing in the US and hopes that the European Central Bank will begin buying bonds from Spain and Italy. Investors are also looking towards the end of the week when Fed chairman Ben Bernanke will...

The euro started steadily in Asian morning trading today, but experts fear that it could see a downturn as investors worry that the European Central Bank maybe dragging its feet when it comes to resolving the region’s debt crisis. It is thought that the ECB may not now be able to present a plan at its next meeting on 6 September after the...

A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589. Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...

Before talks of its bailout, Prime Minister Antonis Samaras has asked for more time to execute harsh spending cuts. The issue is whether or not Greece has done enough to warrant getting its next €31.5 billion payment. If funds are not unlocked Greece will default on its public debt and may have to leave the euro. There is much pressure...

Following a statement from Germany’s Finance Minister about the unlikelihood of bond spreads being targeted by the European Central Bank, the euro eased away from a high session against the sterling today. A dip of 0.09% saw EUR/GBP finish at 0.7851 in morning trade after briefly reaching 0.7872. Friday’s high of 0.7876 was quoted as...

The euro reached a six-month peak on the yen on the back of remarks from German Chancellor Angela Merkel that European leaders are behind the European Central Bank in carrying out measures to ease the region’s debt crisis. Merkel said that comments made by Mario Draghi, the president of the ECB, insisting that the central bank was...