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The euro sat on the defensive close to a two-week low versus the dollar on Tuesday due to increasing concerns that this week’s European summit would come up with no solutions to the bloc’s debt crisis. The risk-averse mood contributed to a sharp rise in the Japanese yen following a two-month low versus the greenback, although the...

The safe-haven dollar climbed higher versus a basket of currencies on Monday, extending hefty gains made last week, as concerns about the global economy and the debt crisis in the eurozone dampened risk appetite. The greenback strengthened against the euro, shrugging off attempts by European officials to lessen funding strain’s on the...

The dollar climbed to its highest point in over a week versus a basket of major currencies today, driven by safe-haven flows as investors’ confidence in riskier currencies was hit by Moody’s decision to downgrade the world’s major banks as well as growth concerns. The euro fell to its lowest point versus the greenback in nine days as...

The euro eased against the dollar on Wednesday but held on to much of Tuesday’s gains, with investors’ focus being on whether the Federal Reserve will launch further monetary stimulus in order to support the country’s flagging economic recovery. The single currency also gained support from indications that Greek parties could be set...

The dollar dropped across the board today on expectations that the Federal Reserve could ease monetary policy further following a series of downbeat economic data. Analysts predict that the Fed is set to extend its Operation Twist long-term bond-buying by several months from the current June deadline. The Fed’s rate-setting committee...

The euro dropped from a one-month high versus the dollar on Monday after the election win for Greece’s pro-bailout parties was offset by Spanish bond yields climbing back above the seven per cent mark which traders see as unsustainable. While the Greek election result allayed immediate worries of the country being forced to quit the...

The euro sat just below three-week highs versus the dollar today, steady on expectation that world central banks will counter any negative fallout from the Greek elections this Sunday. G20 officials said that central banks from key economies are ready to carry out action to ensure the stability of financial markets by offering liquidity...

Colombian Finance Minister Juan Carlos Echeverry said he wanted more aggressive foreign exchange market intervention to stem the peso’s strong gains. Colombia has attracted record-high foreign investment since defeating back leftist rebels during the past 10 years, which has boosted the economy but also applied appreciation pressure on...

The euro fell to a global session low versus the US dollar and increased its losses versus the yen in volatile trading during Tuesday’s trading as investors were not prepared to take risks. The single currency hit a low of $1.2442 and was last seen trading at $1.2450, falling 0.2 per cent since Monday trading. Meanwhile, versus the...

Both the euro and global stock markets gained in Asia following a deal to help Spain's troubled banks, which eased worries over a break up of the euro. In Asia, the euro went up 1% against the Japanese yen and US dollar. Stock indexes in Hong Kong and Japan also rose 2%. Last Saturday, EU ministers agreed to loan Spain a maximum of 100...