The euro turned lower on Tuesday as an initial boost from Greece'e overnight debt deal waned and investors began selling into rallies.
Euro zone finance ministers sealed a 130-billion euro deal on aid for Greece, averting a chaotic default next month. But traders said an agreement was widely flagged and the euro may struggle to rise above resistance around $1.3307.
Forexsq.com - A senior official at Japan's Ministry of Finance said on Wednesday that the yen's weakening was due to last week's monetary easing by the Bank of Japan and the euro zone agreement on a Greek rescue package. But the official added that market speculation that could contribute to the yen's rise is persisting and Japan will continue to monitor currency moves and respond as appropriate.
Forexsq.com - The U.S. dollar pushed higher on Wednesday, climbing above the 80-yen psychological level, as relief over Greece’s debt agreement subsided, and data showed Chinese manufacturing activity contracted in February.
The ICE dollar index DXY +0.18% , which measures the greenback’s performance against a basket of six other currencies, rose to 79.116 from 79.023 in North America late Tue
Forexsq.com - The yen weakened to a seven-month low against the dollar amid speculation U.S. growth is gathering strength, damping demand for the Asian nation’s currency.
The yen slid for a fifth day versus the greenback as the extra yield offered by two-year Treasuries over similar-maturity Japanese bonds increased to a six-month high. The Dollar Index (DXY) rose before a U.S. report that eco
Forexsq.com - A flood of European Central Bank cash may not be sufficient to unblock market funding channels for most euro zone banks struggling to reduce exposure to risky assets while a flare up in the sovereign debt crisis remains a threat.
The ECB's first offering of almost half a trillion euros in cheap, three-year funds at the end of last year and the prospect of a similar take-up at a s
Forexsq.com - The Japanese yen lost further ground Friday on the back of dovish comments from the central bank government, as the dollar edged higher and the euro slipped.
The U.S. dollar extended its move higher against the yen USDJPY +0.13% , passing the ¥79 level to buy ¥79.43, up from ¥78.85 in late North American trading on Thursday.
The euro EURJPY +0.26% bought ¥103.71, a 0.1% gain
Forexsq.com - The yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets.
Malaysia’s ringgit and New Zealand’s dollar led gains among Asia-Pacific currencies after the People’s Bank of China announced a cut to banks’ reserve requirements. The euro rose for a third day against the greenback before Eu
Forexsq.com - In the high pressure looking-glass world of the euro, nothing is quite what is seems. Good old Isaac Newton’s third law of physics comes into play. Every action brings an equal and opposite reaction. The much-approved long-term €489 billion bank liquidity assistance of the European Central Bank (ECB) implemented before Christmas — with another money auction due on Feb. 29 — has made
Forexsq.com - The U.S. dollar dropped against the euro and several other major currencies Monday as hopes that European leaders would sign off on Greece’s second bailout package and China’s monetary easing over the weekend moved some investors out of the safe-haven dollar.
The ICE dollar index DXY -0.67% , which measures the greenback’s performance against a basket of six other global rivals,
Forexsq.com - Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.
After 13 hours of talks, ministers finalized measures to cut Greece's debt to 120.5 percent of gross domestic product by 2020, a fraction above the tar
Hopes are rising of a happy ending to the eurozone crisis, with speculation that Greece may be able to meet German demands, but those who fear the Continental currency must disintegrate eventually may still find useful some simple steps on how to spot a Greek euro – as opposed to a German one. Some euros might be more widely accepted than others, if the crisis takes a turn for the worse, dependin
The euro traded flat against the dollar and Japan’s yen Tuesday, failing to extend gains in the wake of a euro-zone agreement to approve a long-awaited bailout for Greece in what would be the second such financial rescue for the debt-ridden nation.
The euro EURUSD -0.17% changed hands at $1.3200, virtually unchanged from Monday, and also traded flat against the yen EURJPY -0.11% at ¥105.10.
Forexsq.com - Forex News - The yen fell to a three-month low against the dollar as stocks advanced and signs of growth in the U.S. economy damped demand for haven assets.
The dollar declined against higher-yielding peers before the release of an index of U.S. leading indicators that’s forecast to show a fourth month of gains. Norway’s krone rose even after its central bank said it is monitoring
Forexsq.com - In December 2011 the seasonally adjusted current account of the euro area recorded a surplus of €2.0 billion. In the financial account, combined direct and portfolio investment recorded net inflows of €3 billion (non-seasonally adjusted). In 2011 as a whole, the seasonally adjusted deficit for the euro area current account amounted to €30.6 billion (around 0.3% of GDP), compared wit
