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Commodity currencies have been given a boost by an improved appetite for riskier assets as the euro struggles to make gains ahead of a policy meeting at the European Central Bank. The mood has been given a boost by a commitment to bond buying at the US Federal Reserve and the probability that the Bank of England, ECB and Bank of Japan will...

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...

Expectations that the US Federal Reserve will introduce further economic stimulus measures have seen the dollar drop against the euro. The single currency has also been strengthened by positive economic sentiment coming out of Germany. The fourth-quarter has seen the euro strengthen by 1.2 per cent and more bond buying by the US central...

The yen has dropped against a number of other major currencies as expectations are that Japan will pursue aggressive stimulus measures to kick start the economy if Shinzo Abe, leader of the opposition, becomes the next prime minister. The US dollar rose 0.18 per cent against the yen to end at 81.82. Earlier in the week the Bank of Japan...

The euro recovered from sinking to a three-week low against the dollar on Monday as manufacturing data from the euro bloc was better than anticipated, but continued doubts about Spain’s bailout kept gains limited. The manufacturing sector in France deteriorated dramatically last month, while Germany’s Purchasing Managers’ Index went...

The Australian and New Zealand dollars weakened on Monday as profit-taking brought an end to rallies that were driven by world central banks launching stimulus moves earlier in September. Meanwhile, the euro fell close to a low hit last Thursday due to ongoing uncertainty over Greece and Spain, while repatriation in Japan helped the yen...

The euro reached a four-month peak versus the US dollar on Wednesday ahead of a decision by a German court on whether it will back the rescue plan for the eurozone. Traders said the single currency could surge past stop-loss orders of $1.2895 should the German Constitutional Court give its backing to Europe’s largest economy...

The euro fell versus the dollar at the beginning of the week as investors braced themselves for this week’s Federal Reserve policy meeting. The market expects that the Fed will launch a fresh round of quantitative easing in order to prop up the faltering economy. However, despite the single currency’s losses, it remained near...

Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy. Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...

The euro moved up versus the dollar on Wednesday following Federal Reserve Chairman Ben Bernanke’s announcement that the central bank is prepared to support the US economy, but gains remained limited as Bernanke gave little away about specific steps. The Fed chief is scheduled to address the House Financial Services Committee on...