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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...

The euro was weak close to a two-year low versus the dollar and fell to a five-week trough against the yen today after a eurozone finance ministers meeting offered no positive solutions, with sentiment cautious as the focus turned towards a court hearing in Germany. Eurozone ministers reached an agreement to give Spain an additional year,...

The Indian rupee has fallen for the second consecutive day against the dollar, losing 48 paise to finish the day at 54.97 on heightened demand for the greenback from importers despite strong fund flows into stocks. Traders said the Indian currency was pressurised all through the session as the dollar gained ground on rivals on hopes that...

The euro hovered close to one-week lows earlier on Thursday, with subdued trading after the US Independence Day holiday and before a widely anticipated cut in interest rates by the European Central Bank today. The ECB is set to make an announcement at 1145 GMT, which will be followed by ECB President Mario Draghi’s news conference. Any...

High-risk currencies such as the Australian dollar started Wednesday’s trading strongly, having performed better than their G3 counterparts with markets preparing for major central banks to announce more policy action. However, among the world’s three most liquid currencies, the euro performed best. It was last seen trading at $1.2603,...

The Bank of England is expected to unveil plans later in the week to print billions more pounds in order to drive growth, but that hasn’t prevented investors from becoming less pessimistic regarding the currency’s prospects against the US dollar. Risk reversals reveal that options investors are still hedging their bets on the pound...

The euro lost ground on the dollar today after the Netherlands and Finland did not back a plan that would see the euro region’s permanent bailout fund purchase government bonds within the secondary market. This led to fresh uncertainty about a summit deal agreed last week to tackle the eurozone’s debt crisis in which leaders opted to...

The euro climbed by 1.1 per cent and looked set for its biggest daily rise in eight months, after leaders from the region agreed on emergency action to lower Italy and Spain’s borrowing costs and put a single supervisory body in place for euro area banks. The European Union summit, which took place on Thursday and Friday, agreed to use...

The sterling stayed lower versus the dollar on Wednesday , after positive US economic reports were released and skepticism about what will come from this week’s European summit continued to weigh on market sentiment. GBP/USD fell to 1.5546 in US morning trade, the lowest the pair has been since 25 June; subsequently, the pair...