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Euro hovers near two-year lows versus dollar
11 Jul at 4 PM
News Item Link: Euro hovers near two-year lows versus dollar
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...
Euro hits five-year low against yen
10 Jul at 3 PM
News Item Link: Euro hits five-year low against yen
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,...
Euro on defensive before ECB easing decision
5 Jul at 9 AM
News Item Link: Euro on defensive before ECB easing decision
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...
Forex options less bearish on sterling against dollar
3 Jul at 6 PM
News Item Link: Forex options less bearish on sterling against dollar
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...
Euro down against dollar
2 Jul at 2 PM
News Item Link: Euro down against dollar
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...
Euro rallies after support for Spain and Italy
30 Jun at 9 AM
News Item Link: Euro rallies after support for Spain and Italy
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...
Rupee down on oil demand
28 Jun at 9 AM
News Item Link: Rupee down on oil demand
The Indian rupee fell on Wednesday, remaining close to record low levels, as oil importers increased their dollar purchases in the closing stages of the month, while wariness in the build-up to a European Union summit lowered demand for risk currencies.
Investors did not spot any intervention from the Reserve Bank of India (RBI) during the...
Pound stays lower against dollar as EU concerns dominate
27 Jun at 6 PM
News Item Link: Pound stays lower against dollar as EU concerns dominate
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...
Dollar extends recent gains
25 Jun at 6 PM
News Item Link: Dollar extends recent gains
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...
Euro steady close 3.5 month low
11 May at 9 AM
News Item Link: Euro steady close 3.5 month low
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...