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 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 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 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 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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