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The Australian dollar remains lower but began to climb after positive comments by the governor of the central bank on the Australian economy and better than anticipated economic data from China. At close of trading on Tuesday, the Aussie was trading at 102.89 USD, down from Monday’s figure of 103.12. On Tuesday as a whole, the currency...

After spending the majority of last week climbing higher, Monday saw the rally of the New Zealand dollar completely rebuffed. The NZD/USD fell towards 0.7900 as markets were whipped into a frenzy by Spanish debt worries. Bank of New Zealand analysts said that as the European rot gradually spreads, markets are now starting to wonder whether...

The euro plummeted to close to a 12-year low on the yen and recorded record lows against the Australian dollar on Monday, starting the week pressurised on persistent concerns that Spain will have to eventually request a full sovereign bailout. Market confidence was so low that Spanish bond yields climbed to their highest mark since the...

A struggling euro fell to a session low versus the US dollar and all-time lows against the Canadian and Australian dollars on Friday on the back of the Valencia region in Spain’s announcement that it would seek help from the central government in order to pay back its debts. This news heightened concerns that Spain, the fourth largest...

The euro fell across the board today, hitting another record low versus the Australian dollar, with Germany warning that Spain’s financial woes are a long way from being over and that its government should ultimately be responsible for European help for its banks. Prior to an aid for Spanish banks parliamentary vote in Germany, the...

The euro moved up versus the dollar on Wednesday following Federal Reserve Chairman Ben Bernanke’s announcement that the central bank is prepared to support the US economy, but gains remained limited as Bernanke gave little away about specific steps. The Fed chief is scheduled to address the House Financial Services Committee on...

The dollar rebounded on Tuesday after Ben Bernanke, the Federal Reserve chairman, said that the central bank is ready to bolster a stumbling US economy but gave few details. Invested had positioned themselves for Bernanke to offer more hints about additional monetary easing and when measures to boost the economy were not specified, they...

The euro fell close to two-year lows today after Moody’s Italy downgrade added to a bearish stance on the common currency, while commodity currencies went up on growth data from China which met expectations. The euro dropped to $1.2190, near its two-year low of $1.2166 hit on Thursday on the EBS trading platform and on course for its...

The dollar hovered near a two-year high versus a basket of currencies in early Asian trading on Thursday, having seen the euro slide to a two-year low, after Federal Reserve meeting minutes showed that further monetary easing was not going to happen at present. The report showed that the world’s largest economy would have to deteriorate...

The euro hovered around two-year lows versus the dollar today as investors held on to see if a court in Germany would approve the eurozone using its bailout fund in order to contain the debt crisis in the region. The single currency was trading at $1.2253, with the EBS two-year low on Monday of $1.2225 in sight, paving the way to test...