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December 11th, 2012
Euro Futures – The euro strengthened for a second day against the dollar after a German report showed investor confidence jumped this month.
The 17-nation currency rose versus all except two of its 16 major counterparts. The Dollar Index (DXY) fell the most in a week as 48 of 49 economists in a Bloomberg News survey expect the Federal Reserve will expand its bond buying program at a two-day meeting starting today. The Swiss franc fell against the euro as UBS AG (UBSN) joined Credit Suisse Group AG in saying it will charge bank clients for deposits made in the currency.
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November 30th, 2012
Euro Futures – The euro rose to a more than one- month high against the dollar as German lawmakers approved Greece’s latest rescue package amid optimism U.S. politicians will agree on a new budget.
The yen slid to the weakest in seven months versus the shared currency after data showed Japan’s consumer prices stagnated in October, adding to speculation the central bank will increase stimulus to spur inflation. The euro held gains even as a Bloomberg Global Poll showed that Germany, Europe’s largest economy, will be tipped into recession as the region’s sovereign-debt crisis extends into the new year. Norway’s krone rose the most on speculation of a boost in interest rates.
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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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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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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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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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