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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October 1st, 2012

Euro Futures – The euro advanced from a three-week low against the dollar amid optimism that Spain’s latest budget and banking measures are moving the euro region closer to containing its debt crisis.

The 17-member currency strengthened versus all of its 16 most-traded peers after Moody’s Investors Service said Spain’s bank recapitalization is positive for the nation’s credit rating. Risk appetite increased as an index unexpectedly signaled U.S. manufacturing is stabilizing. Federal Reserve Bank of Chicago President Charles Evans said the central bank can do more to boost growth even after increasing its bond-buying.

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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 19th, 2012

Euro Futures – The yen erased losses after reaching a four-week low versus the dollar as the Bank of Japan (8301) unexpectedly expanded monetary stimulus, joining other central banks in taking steps to spur economic growth.

The euro fluctuated against the dollar amid concern that the European Central Bank’s pledge to buy the bonds of troubled member nations won’t be enough to revolve the region’s debt crisis. The yen strengthened against all of its most-traded counterparts even after policy makers added 10 trillion yen ($127 billion) in stimulus. South Africa’s rand tumbled as platinum miners agreed to return to work following a strike.

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September 5th, 2012

Euro Futures – The euro rose against most of its 16 major peers after two central bank officials said European Central Bank President Mario Draghi will announce unlimited sterilized bond buying to quell the region’s debt crisis.

The 17-nation currency climbed to a two-month high against the dollar last week amid optimism Draghi would announce additional monetary stimulus at tomorrow’s ECB meeting. Australia’s currency dropped to a seven-week low after the economy expanded less than forecast. Norway’s krone fell after manufacturing contracted for a third month amid dwindling demand from Europe. Canada’s dollar remained lower after the nation’s central bank kept its interest-rate target unchanged.

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August 21st, 2012

Euro futures rose to six-week highs against the dollar and yen before regional leaders meet this week to discuss Greece’s fiscal adjustment program amid optimism the European debt crisis is being contained.

The 17-nation currency appreciated for a second day versus the greenback after Germany indicated concessions for Greece were possible and as Spanish borrowing costs declined at a bill auction. The dollar weakened against all but two of its 16 major counterparts before a report tomorrow forecast to show U.S. home sales improved last month, reducing demand for safer assets. Australia’s dollar strengthened after minutes of the central bank’s August meeting showed policy makers see domestic growth overshadowing a “fragile” global outlook.

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August 17th, 2012

Euro Futures – The euro traded at almost its strongest level against the yen in six weeks amid optimism that European leaders are moving closer to an agreement on solving the region’s debt crisis that may involve buying sovereign debt.

The shared currency gained versus most of its 16 major peers as Austrian Chancellor Werner Faymann said the breakup of the euro area or the bankruptcy of a member would do more harm than good, a day after his German counterpart Angela Merkel said leaders “feel committed to do everything” to safeguard the monetary union. Australia’s dollar snapped a two-day gain versus the greenback as the government said the central bank would be able to ease monetary policy if currency gains hurt the economy.

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August 13th, 2012

The euro gained the most in more than a week versus the dollar after Italy’s debt sale damped concern nations in the currency bloc won’t be able to access the debt markets.

Europe’s common fell earlier amid reports quoting European Central Bank Governing Council member Luc Coene saying bond purchases won’t solve Spain’s and Italy’s difficulties. New Zealand (ANZ)’s dollar weakened against the greenback after Finance Minister Bill English said the country would prefer a weaker currency. South Africa’s rand and Brazil’s real led declines against the dollar as global stocks fell.

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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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