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December 3rd, 2012
Australian dollar futures climbed against all major counterparts even after the Reserve Bank of Australia cut the benchmark interest rate.
The central bank lowered the overnight cash-rate target to 3 percent from 3.25 percent. The reduction had been forecast by economists surveyed by Bloomberg News. Demand for the so-called Aussie was damped after Australian data showed building approvals dropped the most in three months and the nation posted a wider-than-estimated current-account deficit.
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October 4th, 2012
Euro Futures – The euro rose for a sixth day versus the yen, the longest run since March, as European Central Bank President Mario Draghi said the currency was irreversible and the ECB’s decision to start buying bonds helped ease tensions.
The 17-nation currency gained the most in almost three weeks versus the dollar after Draghi said the ECB was ready to start buying government bonds from nations such as Spain as soon as the necessary conditions are met. The greenback stayed lower versus most major peers as claims for U.S. jobless benefits rose less than forecast, encouraging investors to buy higher- returning assets. A measure of volatility declined to the lowest level in almost five years.
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September 24th, 2012
S&P 500 Futures – The Standard & Poor’s 500 Index fell a third day, its longest decline in seven weeks, as European leaders clashed on ways to stem the debt crisis and data from China and Germany signaled the slowdown is deepening.
Apple Inc. (AAPL) retreated 1.3 percent after reporting debut weekend sales for the iPhone 5 that fell short of some analysts’ projections on supply constraints. Facebook Inc. (FB), the world’s largest social-networking service, decreased 9.1 percent amid concern the company’s stock is overpriced. U.S. Steel Corp. (X), Peabody Energy (BTU) Corp. and Micron (MU) Technology Inc. declined at least 1.6 percent after analysts downgraded the shares.
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September 24th, 2012
Euro futures – The euro declined to a one-week low against the dollar after a gauge of German business confidence unexpectedly dropped in September, adding to concern the debt crisis is hindering the region’s economy.
The 17-nation currency fell for a fifth day versus the yen after German Chancellor Angela Merkel and French President Francois Hollande clashed during the weekend on a timetable to introduce joint oversight of euro-area banks. The Ifo institute in Munich said its business climate index dropped for a fifth straight month. The Australian dollar weakened on speculation growth in China, its biggest trading partner, is worsening.
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September 7th, 2012
Canadian Dollar Futures – The Canadian dollar rose to an almost one-year high versus its U.S. peer as domestic employers added more jobs than forecast, adding to speculation Bank of Canada Governor Mark Carney will raise its target interest rate.
The Canadian dollar gained as U.S. government reports showed payrolls increased less than projected in August and the unemployment rate declined as more Americans left the labor force, adding to speculation the Federal Reserve will soon seek to stimulate economic growth with asset purchases under its quantitative-easing strategy. Stocks rose on increased appetite for higher-yielding assets.
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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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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 11th, 2012
Euro Futures – The euro climbed the most in six months against the dollar after Spain requested a bailout loan, following weeks of escalating concern that bad loans at the nation’s lenders might overwhelm its public finances.
The 17-nation currency rose to a two-week high after Spain asked for as much as 100 billion euros ($126 billion) to save its banking system, making it the fourth member in the currency bloc to seek a rescue. It pared its gains as data showed the Italian economy contracted for a third quarter. The dollar and yen fell on decreased demand for refuge assets as shares rallied. Norway’s krone strengthened versus the dollar as consumer prices rose more than estimated last month.
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June 5th, 2012
Euro futures – The euro declined from a one-week high against the dollar as Spanish Budget Minister Cristobal Montoro called for European Union funds to be used to shore up the nation’s banks.
The 17-nation currency weakened for the first time in three days against the yen after European retail sales fell more in April than economists forecast and German factory orders declined. The yen strengthened against most of its major counterparts as investors sought safer assets. The pound fell versus the dollar after Egan-Jones Ratings Co. cut the U.K.’s credit ranking.
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May 31st, 2012
Dollar Index Futures – The dollar posted its biggest monthly gain since 2011 in May, beating bonds, stocks and commodities for the first time this year as investors sought refuge in U.S. assets while Europe’s sovereign crisis worsened.
Intercontinental Exchange Inc.’s Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, climbed 5.5 percent in May. Global fixed-income assets gained 1.1 percent, including reinvested interest, Bank of America Merrill Lynch indexes show. The MSCI All-Country World Index of stocks lost 8.9 percent with dividends, while the Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products fell 13 percent.
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