mini yen futures

Yen futures fall against Euro

August 7th, 2012

Euro Futures – The euro rose against the yen and dollar after Germany backed European Central Bank President Mario Draghi’s proposals to stem the region’s debt crisis.

The shared currency gained versus most of its 16 major counterparts as a report showed Italy’s economy shrank less than economists predicted. Euro gains were supported as the European Union said it had received no requests for the region’s rescue fund to buy government bonds. Norway’s krone climbed after manufacturing increased.

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July 30th, 2012

The euro fell for the first time in four days against the dollar and yen after Spain’s recession deepened, adding to concern the region’s fourth-largest economy will struggle to bring down its debt levels.

The 17-nation currency dropped from near a two-week high versus the yen after a European report showed economic sentiment worsened more than analysts forecast. The European Central Bank announces its next policy decision on Aug. 2 amid speculation President Mario Draghi will signal additional measures to ease the debt crisis. Sweden’s krona rose against all its major counterparts as the economy expanded more than analysts predicted. The pound fell as U.K. mortgage approvals dropped.

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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 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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