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The euro dropped to a three-week low versus the dollar, while bonds edged higher as Spain’s debt burden increased fears of further problems for economies in the eurozone and lowered appetite for riskier assets, reports Reuters. Global stocks dipped, while gold and energy prices climbed. Wednesday’s poor Spanish bond auction added to...

The US central bank has admitted concerns that the employment gains seen recently could dissipate if growth is unable to pick up, reports the BBC. The minutes of the Federal Reserve’s March meeting revealed that some members within the organisation perceived a non-negligible risk that gains in employment of late may diminish as 2012...

The euro dropped to a three-week low versus the dollar today after the president of the European Central Bank, Mario Draghi, revealed that the economic outlook for the eurozone is subject to downside risks linked to commodity prices and the debt crisis, reports Reuters. The single currency was already pressurised after Spain’s borrowing...

The dollar held near a one-month low on a basket of currencies today after Ben Bernanke, the chairman of the Federal Reserve, indicated that supportive monetary policy would stay and kept hopes alive of further stimulus for the economy in the US, reports Reuters. The dollar index stood at 78.925, near to an overnight low of 78.870, when...