Government Bonds News - FX Trading

Sat 23 Sep 2017
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Government Bonds News

Latest 10 news items tagged Government Bonds

Dollar strengthens against yen and euro26 Jun at 9 AM 2013

The US dollar has rallied against both the yen and the euro after earlier losses. The greenback has benefitted from economic data that supports the Federal Reserve’s decision to look at pulling in its policy of money printing as early as this year. The central bank has been buying bonds in an attempt to boost the economy but Fed chief Ben Bernanke said if the figures remain firm this could be slowed before the end of this year. The Commerce Department said durable goods orders were up by a better than anticipated 3.6 per cent...

Yen firm as euro drops20 Feb at 9 AM 2013

Positive economic data coming out of Germany gave the euro a brief boost before the single currency dropped against fears that a fragmented government in Italy following elections at the weekend could damage reform plans. The euro was also hurt by reports that recession across the eurozone could be deeper than anticipated. Following a high of $1.3374, the euro slid to $1.3336. Mario Draghi, President of the European Central Bank, said the euro’s recent appreciation would have to be considered, a sentiment that has worried...

Greece buys back bonds to tackle debt5 Dec at 9 AM 2012

The Greek government has announced that it plans to reduce the country’s debt by introducing a bond buying programme. Being able to prove it is possible to cut debt is one of the conditions required by eurozone finance ministers in exchange for another bailout payment. Greece has been waiting for another tranche of financial help since June. Last week ministers met with the International Monetary Fund and tentatively agreed to pay nearly 44 million euros on 13 December. Athens will offer to buy back 10 billion euros worth of its...

No plans to weaken Aussie dollar31 Oct at 9 AM 2012

The Australian dollar is attracting investors following confirmation by the country’s central bank that it does not consider the currency to be overvalued and is not planning to intervene to weaken it at the moment. The Aussie dollar is currently trading at $1.0366. BNP Paribas analysts have pointed out that allowing the dollar to float freely is in contrast to many Asian nations that are keeping a close eye on the appreciation of their currencies. The yen has dropped as investors become interested in riskier assets after making...

Euro down slightly before Jackson Hole meeting30 Aug at 9 AM 2012

The euro dropped slightly against the dollar yesterday, but most investors are holding on to the hope that the ECB will soon announce concrete steps to tackle the region’s debt crisis. There was little movement in major currencies on Wednesday as traders hunkered down to wait for tomorrow’s key speech from Federal Reserve chairman Ben Bernanke. If Bernanke announces a third programme of quantitative easing, the dollar is likely to take a severe beating in international markets. However, after economic results for the second quarter...

Euro loses ground on the US dollar18 Aug at 2 PM 2012

The euro’s recent rally was brought to an end on Friday after the currency lost ground on the US dollar but managed to stay relatively even against the yen. The single currency had enjoyed a strong week, with gains accelerating on Thursday after German Chancellor Angela Merkel hinted that there are no disagreements among the region’s leaders about how to tackle the debt crisis and that they support European Central Bank President Mario Draghi’s pledge to carry out whatever measures are need to ensure the survival of the...

Mario Draghi indicates new ECB effort to save euro27 Jul at 11 AM 2012

European Central Bank president Mario Draghi has said his organisation will work to save the euro. The official’s comments, in which he said the ECB would put forth “whatever it takes” to resolve the crisis, created a rally of sorts in European markets on Thursday, with Italy’s primary share index closing at 5.6 percentage points up and Spain’s Ibex index ending the day up 6 per cent. The news came during a conference in the UK capital on the first day of the London 2012 Olympics, during which the top banker stated that...

US dollar down ahead of Bernanke testimony17 Jul at 6 PM 2012

The dollar was marginally weaker against the euro and most other key currencies on Tuesday, prior to Ben Bernanke’s – the chairman of the Federal Reserve – testimony, with investors of the opinion that he would give indications that further monetary stimulus was likely on the back of recent disappointing data from the US. More quantitative easing from the Fed would not be good for the greenback because this would mean the financial system would be flooded with dollars and would lower the currency’s value. Washington-based...

Euro climbs from two-year low9 Jul at 6 PM 2012

The euro rebounded from a two-year low versus the dollar today, but remained highly fragile on fading hopes that a meeting between eurozone finance ministers on Monday will show any progress in containing the debt crisis in the region. Eurozone finance chiefs will attempt to come up with ideas to reinforce the common currency but their meeting in Brussels may only serve to highlight the limitations of June’s deal to help indebted countries and banks. Lowered hopes also weighed on Italian and Spanish bonds, with yields rising back to...

Canada dollar hits two-year high against euro6 Jul at 9 AM 2012

The Canadian dollar climbed to a two-year high versus the euro following the European Central Bank’s decision to cut interest rates in order to try and stimulate growth. The loonie hit a seven-week high against the US dollar, as data showed faster-than-anticipated employment growth in the US, Canada’s largest trading partner. Meanwhile, China launched its second interest rates cut in a month while the Bank of England revealed it would continue its asset-purchase programme. Bank of Nova Scotia (BNS) head of currency strategy...