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The Australian dollar remained steady against the US dollar today as concerns over how Spain’s financial crisis will be handled continued to impact market sentiment, while yesterday’s positive US manufacturing data helped the greenback, reports Forexpros. AUD/USD reached a daily high of 1.0355 in the late Asian trade, with the pair...

The euro has continued its fall on the Canadian dollar, as the single currency accumulated a 0.07 per cent daily loss, reports Fxstreet.com. Canada is set to announce its GDP and raw materials price index later today. It is widely anticipated that the country’s GDP month-on-month growth will be at zero per cent, while there should be an...

Global shares rose on Wednesday, boosted by better-than-anticipated earnings from Apple Inc and suggestions of improved sentiment in the struggling eurozone debt markets, reports Reuters. The dollar hit three-week lows on a range of currencies ahead of the Federal Reserve’s statement on the US’s monetary policy later in the day....

Stocks fell by over one per cent today as renewed concerns about Europe’s economy and the debt crisis in the region spurred profit-taking, reports Reuters. In addition, Wal-Mart weighed heavily on the Dow following a report that the retailer stymied a probe into allegations of bribery. The eurozone’s business nosedive has increased at...

Ten-year German bond yields spiralled to record lows earlier today and riskier assets faced pressure on mounting concerns over the debt crisis in the eurozone and uncertainty about global growth, reports Reuters. This weekend sees a potentially turbulent International Monetary Fund meeting, which is aiming to increase its funds so as to...

The euro dropped against the dollar today following French President Nicolas Sarkozy’s announcement that a strong euro impacted exporters, reports Reuters. The single currency looked set to remain pressured with investors still cautious about Spain’s fiscal problems and eurozone debt contagion as a whole. Traders cited Swiss investors...

European stocks increased on Tuesday, as an upbeat economic sentiment reading from Germany and sufficient demand at a government debt auction in Spain helped lower the risk aversion and attract investors back to the equity market following a month-long sell-off, reports Reuters. However, technical strategists said it was too early to say...

Spain’s cost of borrowing has gone above six per cent, increasing bailout prospects, according to the BBC. The yield on the country’s 10-year bonds hit 6.1 per cent in the build up to debt auctions on Tuesday and Thursday which could become expensive for Spain. The country’s cost of borrowing has risen steadily during the last four...

The euro remained largely steady versus the dollar today as the market gets ready for China’s trade data and the bank of Japan’s announcement following its two-day monetary policy meeting, reports Reuters. The euro held on to $1.3111, having climbed from its four-week low of $1.30330 on Monday but stopped just short of resistance at...

Stock markets have fallen on fears about the European and US economies, reports the BBC. Shares fell in Europe following the disappointing Spanish bond sale. French and German shares dropped by nearly three per cent. In addition, the European Central Bank said that it would not take emergency measures to tackle the debt crisis in the...