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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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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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 30th, 2012

Euro Futures – The euro fell to the lowest level in almost two years against the dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies.

The 17-nation currency slid for a seventh day versus the yen, the longest losing streak in four months, after Italy sold less than its maximum target at a debt auction. The yen and dollar strengthened as investors sought safer assets after a European report showed economic confidence dropped more than economists estimated in May. Asian currencies weakened, pushing the Bloomberg-JPMorgan Asia Dollar Index to the lowest level since September 2010.

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May 25th, 2012

Euro Futures – The euro fell against the dollar and yen for the fourth day amid concern Spain’s regional governments may lose access to capital markets.

The shared currency erased earlier gains after Catalan President Artur Mas repeated his call for Spanish central government to help regions access funding at briefing with reporters today in Madrid. The euro traded at almost its lowest level since July 2010 after a Greek opinion poll showed an anti- bailout party gaining support before June 17 elections.

“What is sparking this selloff in the euro is Catalonia, one of the larger regions of Spain, now saying they need the government to help them get out of debt-financing problems,” Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in New York in a Bloomberg Radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “This is coming as a new shock to the market.”

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May 8th, 2012

Euro Futures – Greece will probably leave the euro as soon as next month as the government runs out of cash and European institutions fail to lend more to the nation, according to John Taylor of hedge fund FX Concepts LLC.

“This summer I think is very likely,” Taylor, founder and chief executive officer of FX Concepts in New York, said today in an interview on Bloomberg Television’s “Inside Track” with Erik Schatzker and Sara Eisen. “The Europeans aren’t going to give them the money, the International Monetary Fund’s not going to give them an OK. They will be out of money in June.”

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April 19th, 2012

Euro Futures – The euro fell against the dollar and pared an advance versus the yen as concern European nation’s ability to fund debt damped demand for the shared currency.

The 17-nation euro fell as yields on Spanish 10-year benchmark bonds and French five-year debt rose at auctions. The yen fell against all its most-traded counterparts as Bank of Japan officials signaled they’ll keep acting to depreciate the currency. The pound reached a 19-month high against the euro amid speculation the Bank of England will pause its stimulus program next month.

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