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The safe-haven Japanese yen gained ground on the dollar and the euro amid concerns about banks in Greece and Spain, contagion chances if Greece exits the euro and weak economic date from the US, reports Reuters. The yen earlier climbed to a three-month high versus both the euro and the dollar as...
NZD/USD falls to a five month low17 May at 9 AMThe New Zealand dollar has fallen to a five-month low versus the US dollar, as market sentiment remained pressurised after political leaders in Greece were unable to agree on the formation of a coalition government, putting the country’s access to international support at risk, reports...
Australian dollar hits 2012 low16 May at 6 PMThe AUD/USD is currently trading at 0.9932, coming off a fresh session and a low for the year of 0.9916, marginally above Tuesday’s daily and New York lows, reports nasdaq.com. ForexLive reported that corporate buyers have been seen at close to 0.9900 and at also at regular intervals to...
Euro drops to four month low15 May at 6 PMThe euro fell to a new four-month low versus the dollar today after news from Greece confirming that the country will stage fresh elections after political leaders were unable to agree on forming a coalition government, reports Reuters. In an indication of a rapid increase in risk aversion,...
Serbia forex reserves decline by 6.6%14 May at 2 PMSerbia’s foreign-currency reserves shrank by 6.6 per cent last month, falling for the fourth month in a row, largely due to capital outflows and a drop in the euro-selling activity at the central bank, which hindered the dinar, reports Bloomberg. Foreign-exchange reserves dropped to 10.387bn...
Euro steady close 3.5 month low11 May at 9 AMThe 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...
Pound Sterling rises after BoE refrains from further QE10 May at 6 PMThe sterling gained on most major counterparts, particularly the US dollar, the yen and the euro on the back of today’s policy statement by the Bank of England, reports Trading Point. The central bank left interest rates unchanged at their long-term level of 0.5 per cent as anticipated, as...
Greek political uncertainty weighs on euro9 May at 11 AMThe euro dropped close to its recent three-month low today, due to concerns that Greece’s political uncertainty and France’s presidential change could undermine austerity plans crucial to tackling the debt crisis in the eurozone, reports Reuters. The single currency remained pressurised...
Euro falls on dollar for seventh consecutive day8 May at 6 PMThe euro lost ground on the dollar for the seventh consecutive session on Tuesday on concerns that a change of president in France and political uncertainty in Greece could threaten austerity plans viewed as key to solving the debt crisis in the eurozone, reports Reuters. The euro dropped below...
Euro declines on Greek and French election results7 May at 6 PMThe euro lost ground on the pound and the dollar on Monday after weekend election results that cast doubt on austerity plans across Europe, reports the BBC. Francois Hollande, who won the French presidency, vowed to focus more on growth, while Greece’s pro-bailout parties performed poorly. The...