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The Canadian dollar gained ground against most major currencies ahead of a European Union leaders meeting in Brussels to discuss the debt crisis in the region. The currency climbed further against the euro while US stocks erasing gains meaning it lost ground on the greenback. Wolfgang Schaeuble, the German finance minister, said on Tuesday...

The euro crept higher versus the dollar yesterday as traders took some respite after seeing the single currency fall to a four-month low, while a much-anticipated meeting of eurozone leaders is due this week. Traders said they had seen signs of exhaustion in selling the common currency. That, as well as extreme levels of the short...

The euro continued to climb from its four-month suffered last week, but investors remained wary over the financial crisis in Spain and Greece, drawing little comfort from G8’s vow to fight the debt crisis in the eurozone. The single currency moved up after speculators placed a record number of bets against it, revealed data from a US...

The safe-haven Japanese yen gained ground on the dollar and the euro amid concerns about banks in Greece and Spain, contagion chances if Greece exits the euro and weak economic date from the US, reports Reuters. The yen earlier climbed to a three-month high versus both the euro and the dollar as talk of a potential Spanish bank downgrades...

The euro fell to a new four-month low versus the dollar today after news from Greece confirming that the country will stage fresh elections after political leaders were unable to agree on forming a coalition government, reports Reuters. In an indication of a rapid increase in risk aversion, government bonds from Germany shot up and 10-year...

The euro held steady close to its recent three-and-a-half month low today, with the currency still viewed as vulnerable due to continuing political deadlock in Greece which has left investors worried about the possibility of the nation’s future in the eurozone, reports Reuters. A fall in Spanish bond yields offered some support to the...

The euro dropped close to its recent three-month low today, due to concerns that Greece’s political uncertainty and France’s presidential change could undermine austerity plans crucial to tackling the debt crisis in the eurozone, reports Reuters. The single currency remained pressurised after the Greek Left Coalition party’s leader...

The euro lost ground on the dollar for the seventh consecutive session on Tuesday on concerns that a change of president in France and political uncertainty in Greece could threaten austerity plans viewed as key to solving the debt crisis in the eurozone, reports Reuters. The euro dropped below the psychological $1.30 level after the Greek...

The euro lost ground on the pound and the dollar on Monday after weekend election results that cast doubt on austerity plans across Europe, reports the BBC. Francois Hollande, who won the French presidency, vowed to focus more on growth, while Greece’s pro-bailout parties performed poorly. The euro dropped as low as $1.295, the lowest it...

The euro lost ground on the US dollar on Wednesday as worse-than-expected manufacturing data heightened fears about the eurozone’s economy, reports Reuters. Meanwhile, the yen bounced back from two-and-a-half month highs on the dollar following strong US data on Tuesday. Traders claimed the contrasts between the US and eurozone’s...