Euro News Page 7.html

Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy. Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...

The dollar climbed versus the Japanese yen on Tuesday on the back of US data that revealed retail sales in the country were up in July. The figures were an indication that consumers may provide hope that the economy can expand during the third quarter, and it was also the first time retail sales had increased in four months. The greenback...

The euro dropped for the third day in a row on Friday, falling further back from recent highs as investors began to doubt the ability of the European Central Bank to solve the debt crisis and offloaded the currency. Currencies like the Australian dollar also lost ground after weaker-than-anticipated trade data from China increased slowdown...

The euro was steady versus the dollar in Asian trading on Wednesday, helped by increased optimism that the European Central Bank will launch measures to reduce Spain and Italy’s borrowing costs. The single currency remained largely unchanged from Tuesday’s late US trade at $1.2394, close to its one-month peak of $1.2444 reached on...

For a second session in a row, the euro went up versus the dollar in thin trading on Monday, driven by renewed hope that the European Central Bank will buy binds to reduce Italy and Spain’s borrowing costs. It is now the single currency’s best two-day gain versus the greenback on over nine months. Earlier today, it also climbed to a...

The New Zealand and Australian dollars jumped to record highs versus the euro as the single currency fell following disappointing news from the European Central Bank over the debt crisis in the region. The kiwi rose against a basket of currencies after prices of whole-milk powder went up, while the Australian dollar climbed against many of...

The euro climbed versus the dollar and yen yesterday as the Federal Reserve kicked off a two-day meeting, but low expectations about what the European Central Bank may decide to do later this week kept investors cautious of aggressively buying the currency. The ECB is due to meet on Thursday, just a day after the Federal Reserve finishes...

The euro consolidated gains recorded recently on Tuesday on the back of a raft of negative economic data, while high hopes that key central banks were ready to add more stimulus kept risk currencies such as the Australian dollar at its recent highs. The single currency was at $1.2260, having fallen back from a three-week high close to...

The euro dropped today as short-term technical charts reflected a bearish signal, but losses were restricted by hopes that the European Central Bank could soon begin fresh measures to tackle the debt crisis in the euro zone. The common currency’s downside was forecast to be limited in the build up to Thursday’s ECB policy meeting, with...

Mario Draghi, president of the European Central Bank, has said that the ECB will launch fresh efforts to save the euro. The comments from the content’s top banker came on Thursday at a conference London just before the start of the 2012 Olympic opening ceremony. Mr Draghi said that the bank would do “whatever it takes” to bring...