October 17th, 2012

Euro Futures – The euro strengthened to a one-month high against the dollar after Spain kept its investment grade credit rating from Moody’s Investors Service, spurring a rally in Spanish and Italian bonds.

The 17-nation currency appreciated for a fifth day versus the yen amid speculation European Union leaders meeting in Brussels tomorrow will reach an agreement on providing more help for Greece. The dollar weakened before a U.S. report that economists said will show house building climbed last month, damping demand for safer assets. The pound rose against the greenback after U.K. jobless claims unexpectedly declined.

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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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