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July 5th, 2012
Euro Futures – The euro tumbled to the lowest level in more than a month versus the dollar after the European Central Bank cut its key interest rate to a record 0.75 percent and reduced its deposit rate to zero for the first time.
The shared currency weakened against higher-yielding peers including the Australian dollar as ECB President Mario Draghi said some risks to growth have “materialized.” The Dollar Index jumped the most in almost eight months as reports showed U.S. labor-market improvement. The pound fell against the dollar after the Bank of England extended its asset-purchase program.
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June 25th, 2012
Euro Futures – The euro weakened before Italy and Spain sell debt tomorrow amid concern Europe’s fiscal crisis is infecting bigger economies.
The 17-nation currency extended last week’s 0.5 percent drop versus the dollar as billionaire investor George Soros said the euro may dissolve if European Union leaders fail to tame the financial turmoil at a June 28-29 summit. The yen strengthened on demand for haven assets as stocks slid. India’s rupee pared its advance even after the government announced measures to support the currency.
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June 22nd, 2012
Euro Futures – The euro strengthened against the dollar after the European Central Bank eased terms for collateral that can be used to access central-bank funding, reducing concern officials haven’t been able to contain the bloc’s debt crisis.
The 17-nation currency rallied against half its major counterparts as the change to improve access to the banking sector boosted speculation the ECB would announce a third set of long-term loans. The shared currency pared gains amid reports Spanish policy makers may force investors to take losses in a debt restructuring. The yen weakened as Japanese lawmakers in the lower house prepared to vote on a bill to double sales tax.
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June 20th, 2012
Managed Futures – CME Group and BarclayHedge recognized leaders in the managed futures industry during the inaugural Managed Futures Pinnacle Awards yesterday at the Museum of Broadcast Communications. The ceremony preceded MFA’s Forum 2012 in Chicago and featured live entertainment by Seth Meyers of Saturday Night Live.
The Managed Futures Lifetime Achievement Pinnacle Award was presented to Ken Tropin, Graham Capital Management, for his contributions to the development and maturation of the managed futures industry. He grew Graham Capital into an industry-leading alternative investment manager, helping global investors realize the value of managed futures programs.
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June 19th, 2012
Euro Futures – The euro strengthened against the dollar after a European Union official said a politically acceptable path will be sought for renegotiating Greece’s bailout conditions.
The U.S. currency fell against most of its major counterparts as the Federal Reserve starts a two-day meeting where 12 primary dealers expect some form of added stimulus from the central bank, while nine expect no action. The pound weakened versus the euro after U.K. inflation slowed in May to the least in 2 1/2 years. Mexico’s peso and Canada’s dollar rose after a report showed a measure of future construction in the U.S. climbed to the highest since September 2008.
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