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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...

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...