Euro Zone News - FX Trading

Sat 23 Sep 2017
FX Trading

Euro Zone News

Latest 10 news items tagged Euro Zone

Dollar down ahead of Fed meeting31 Jul at 9 AM 2013

The dollar has dropped against the euro as investors and analysts expect the Federal Reserve to continue its loose monetary policy. Recently the greenback rallied because Fed chairman Ben Bernanke suggested that quantitative easing could be reined in on the back of positive growth in the US economy. However, second quarter gross domestic product figures are expected to be softer than first quarter data. If this proves to be the case then the US central bank is likely to keep interest rates down. This will make the greenback less...

Dollar expected to strengthen against positive jobs data3 Jul at 9 AM 2013

The release of jobs statistics on Friday will be closely watched by analysts as positive figures will support the Federal Reserve’s decision to look at wrapping up its stimulus programme. Anticipation that the figures will be encouraging has helped boost the strength of the dollar. The greenback was most recently up against the yen by 0.1 per cent at 100.72 yen. The dollar also strengthened by 0.98per cent against its Australian rival to 0.916. The Aussie dollar has lost around 10 per cent since April as the Reserve Bank of Australia...

Dollar recovers against the yen5 Jun at 9 AM 2013

The US dollar has managed to recover after investors took advantage of a drop in value on Monday to buy back the greenback. A fall in the level of factory activity during May saw the dollar hit 98.86 yen, but it has since managed to crawl back over the 100 mark. The dollar was given further support against the yen following reports that the Japanese authorities intend to urge public pension funds to invest in equities and foreign assets. The weak US manufacturing data means that it is less likely that the Federal Reserve will announce...

Shares up ahead of Fed policy announcement22 May at 9 AM 2013

Shares on stock markets around the globe were up on Tuesday on signs of positive growth. The S&P 500 and Dow Jones ended at record highs and encouraging data from the US helped to keep the dollar up. The euro was also up as sterling came under pressure to hit a seven-week low and the yen continued to come under pressure after the Japanese finance minister was forced to backtrack on an announcement that the currency had already weakened enough. Analysts are now keeping a close eye on how the Federal Reserve deals with its policy of...

Yen under pressure as dollar remains strong15 May at 9 AM 2013

Aggressive monetary easing by the Bank of Japan continues to put pressure on the yen. The dollar is currently hovering around its highest level against its Japanese rival since the end of 2008. The greenback is worth 102.24 yen and many analysts expect it to rise further over the coming weeks. The euro is holding steady at $1.2935 although a decision by the European Central Bank to drive deposit rates down could put fresh pressure on the single currency. Against the yen the euro is trading at 132.11 yen after hitting a three-year...

New Zealand dollar down against the greenback8 May at 9 AM 2013

The New Zealand dollar has dropped against its US counterpart ahead of an announcement due to be made by the Reserve Bank of New Zealand later. Although nobody expects the central bank to declare an interest rate cut, concerns have already been voiced about the current strength of the Kiwi dollar. The currency is currently trading at 0.8379, a fall of 0.95 per cent. Although the RBNZ has so far avoided entering into quantitative easing to push down the value of the Kiwi, the strength of the dollar is having an impact on the country’s...

Aussie dollar takes a tumble24 Apr at 9 AM 2013

The value of the Australian dollar has been hit by news that factory output in China shrank in April because of fewer export orders. As well as being an indication that the global economy is suffering, China is Australia’s largest trading partner. The Aussie has dropped to a six-month low of $1.0221. The Australian currency has also dipped to 100.98, a slide of 0.9 per cent. The yen has managed a slight rally against most other major currencies. The dollar fell 0.6 per cent to 98.71 yen. However, most analysts believe that a strict...

Dollar continues to perform well against yen10 Apr at 9 AM 2013

Disappointing economic data from the UK and eurozone has seen the US dollar up against a number of its main rivals. The greenback is also trading close to 100 yen as the Bank of Japan confirms it will be pushing through with measures to combat deflation. The euro is down 0.02 per cent against its US rival to $1.3082 following an announcement by Germany that February export figures dropped by 1.5 per cent in February. Many analysts had been expecting a fall of just 0.3 per cent. The UK’s Office for National Statistics has confirmed...

Sterling and euro suffer poor manufacturing data3 Apr at 9 AM 2013

Sterling has inched lower against the dollar as the latest manufacturing data from the UK shows that activity in March shrank for the second month in a row. The pound is currently trading at $1.5086, a fall of 0.1 per cent. The British currency is also down against the New Zealand dollar to NZ$1.7942 having previously fallen to an all time low of near NZ$1.7915. The euro is also continuing to suffer as fresh data shows that the region contracted economically during March. On Tuesday Markit’s Eurozone Manufacturing PMI revealed a...

Euro under pressure following Cyprus deal27 Mar at 9 AM 2013

The US dollar appears to be holding its own against most other major currencies as the euro remains under pressure following a bailout deal with Cyprus. Traders became worried after Jeroen Dijsselbloem, head of the group of finance ministers known as Eurogroup, said the model that had been applied to Cyprus could be transferred to other struggling nations within the eurozone. However, Mario Rajoy, Spain’s prime minister, and French President Francois Hollande have both tried to calm the situation by declaring that what has happened...