European Union News

The dollar is continuing to hold its own against other major currencies ahead of tomorrow’s holiday in the US and expectations that jobs data to be released on Friday will be positive. Economists are expecting 165,000 new jobs to have been created in June and the rate of unemployment to be 7.5 per cent. The strong data will support...

The euro has ended at its lowest level against the US dollar in two weeks as weak data from Germany indicates that recovery in the eurozone remains sluggish. The news also means the European Central Bank could move ahead with an interest rate cut. At its lowest point the euro was trading at $1.2971 and was last at $1.2998. Data for April...

The yen has dipped slightly against the US dollar as has the euro ahead of policy meetings at both the European Central Bank and the Bank of Japan. The dollar is currently trading at 93.50 yen, a rise of 0.1 per cent. New governor of the BoJ, Haruhiko Kuroda, is expected to push forward with stimulus plans although the bar has been set...

As investors look towards an auction of Italian bonds the yen has held against other major currencies. Recent elections in Italy have ended in a political stalemate and seen the country’s borrowing costs soar. If these costs remain high they could have a detrimental effect on the euro. The dollar dropped 0.1 per cent against the Japanese...

The US dollar has hit its highest level against the yen in 20 months. The drop in the value of the Japanese currency follows Monday’s election results that saw the Liberal Democratic Party voted into power by an overwhelming majority. Leaders have already said they intend to introduce aggressive monetary easing as a way of weakening the...

The euro has rebounded slightly against the US dollar although fears concerning Greece and Spain continue to heap pressure on the single currency. In recent trading the euro strengthened from a low of 1.2905 to 1.2950. Pessimism about the health of the global economy is also keeping the euro down. The International Monetary Fund has issued...

The euro climbed to a two-month high versus the dollar in US trading on Thursday after the European Central Bank announced a new bond-buying programme in order to curb the debt crisis in the eurozone. Market players have been preparing for the announcement for some time and, after reports were leaked on Wednesday that the ECB may introduce...

The euro was resilient on Tuesday with optimism high that the ECB will launch measures to combat the embattled region’s debt crisis this week. The common currency stood at $1.2584 in early Asian trade, in comparison with $1.2571 recorded in Monday’s late European trade. The currency stayed close to an eight-week high of $1.2638 hit...

The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...

After declining for three sessions since Thursday, the euro rallied against the dollar again yesterday amid continued fears of more quantitative easing in the US and hopes that the European Central Bank will begin buying bonds from Spain and Italy. Investors are also looking towards the end of the week when Fed chairman Ben Bernanke will...