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  1. #1
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    EURO

    The euro advanced against the dollar, reversing its decline, after a report showed German investor confidence increased more than economists predicted this month to the strongest in 2 1/2 years.

    Europe’s common currency advanced 0.2 percent to $1.3339 at 10:06 a.m. London time, after earlier falling by 0.4 percent.

    The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to 31.5 from 6.9 in December. That’s the highest since May 2010. Economists forecast a gain to 12, according to the median of 39 estimates in a Bloomberg News survey.

    source_http://www.bloomberg.com/news/2013-01-22/euro-gains-versus-dollar-after-german-investor-confidence-climbs.html

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    The euro fell against the dollar after European Central Bank President Mario Draghi said policy makers are ready to cut interest rates again if needed after reducing them to a record low last week.
    “After the rate cut, it’s clear that if they don’t see economic improvement they’re going to go again,” Fabian Eliasson, vice president of corporate foreign-exchange sales at Mizuho Financial Group Inc. (8411) in New York, said in a telephone interview. The euro “didn’t really fall through any specific levels.”
    The 17-nation currency dropped 0.3 percent to $1.3076 as of 5 p.m. New York time. The yen slid 0.3 percent to 99.33 per dollar after touching 99.45, the weakest level since April 25. It plunged to a four-year low of 99.95 on April 11. It was about unchanged at 129.88 per euro.

    source_http://www.bloomberg.com/news/2013-05-05/yen-falls-toward-100-per-dollar-on-signs-u-s-economy-picking-up.html

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    The euro’s volatility against the dollar was near the lowest in almost four months as investors weighed prospects for additional monetary stimulus by the European Central Bank and receding credit risk in the region.

    ECB President Mario Draghi said this week that policy makers had an “open mind” on a negative deposit rate. The extra yield investors demand to hold 10-year Spanish bonds over same maturity German debt narrowed to the least since August 2011 yesterday. New Zealand’s dollar sank to a five-week low after Reserve Bank Governor Graeme Wheeler said the central bank has sold the currency. Australia’s dollar erased losses after Chinese data showed imports grew more than economists estimated.
    “I don’t think the euro is going to break out of the range in the near term,” said Peter Dragicevich, a Sydney-based currency economist at Commonwealth Bank of Australia (CBA), the nation’s largest lender. “The spread between the peripheral bond yields and the German yields continue to compress, which is a pretty good sign in terms of reduction of tail risk in Europe. That’s providing an offset to the weak macro environment and the risk of more ECB action.”

    source_http://www.bloomberg.com/news/2013-05-07/yen-gains-for-second-day-as-traders-bet-recent-selling-overdone.htm

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    The euro fell for a third day versus the greenback before data this week forecast to show the currency bloc’s economy shrank for a sixth quarter.

    The shared currency advanced versus the yen. The dollar rose to the highest level since 2008 versus the yen amid bets the Federal Reserve will start to taper its monthly bond buying under its quantitative-easing stimulus. Australia’s dollar slid amid a drop in business confidence.

    source_http://www.bloomberg.com/news/2013-05-12/yen-weakens-past-102-versus-dollar-after-g-7-tolerates-decline.html

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    The euro slid toward a six-week low before a report that will probably confirm inflation in the 17-nation region was the slowest in three years.

    The common currency completed a five-day drop yesterday, the longest losing stretch in six months, on speculation the European Central Bank will ease policy after data showed the euro-area economy extended its recession to a record sixth quarter. The Dollar Index (DXY) was 0.4 percent from its highest level since July before Federal Reserve Bank of San Francisco President John Williams speaks. The yen advanced after reports showed the nation’s economy expanded more than forecast.
    “The euro will probably continue its downward trend,” said Junichi Ishikawa, an analyst at IG Markets Securities Ltd. in Tokyo. “Should CPI data confirm low inflation, that would further heighten expectations of an ECB rate cut.”
    The euro slid 0.1 percent to $1.2874 as of 1:49 p.m. in Tokyo from yesterday, when it touched $1.2843, the weakest since April 4. The shared currency slipped 0.2 percent to 131.56 yen. The dollar was little changed at 102.18 yen from yesterday, when it touched 102.76, the strongest level since October 2008.
    source_http://www.bloomberg.com/news/2013-05-15/euro-near-6-week-low-as-inflation-set-to-fall-to-three-year-low.html

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  6. #35
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    The euro remained lower after a decline last month before data forecast to show manufacturing in the currency bloc contracted for a 22nd month, adding to pressure on the European Central Bank to cut interest rates.

    “There is still a risk that the ECB will cut rates given the weakness of the data recently,” said Greg Gibbs, a Singapore-based senior currency strategist at Royal Bank of Scotland Group Plc. “There’s some potential downside, but it’s not clear the economic data will be enough to drive the euro over its recent range.”
    The euro traded at $1.3013 as of 7:03 a.m. in London from $1.2999 on May 31, when it completed a 1.3 percent monthly drop. The shared currency bought 130.62 yen from 130.64 at the end of last week, when it dropped 0.6 percent. The dollar slid 0.1 percent to 100.36 yen.

    source_http://www.bloomberg.com/news/2013-06-02/euro-holds-losses-before-manufacturing-data-aussie-rises.html

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  7. #36
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    The euro snapped a two-day decline before data today on the region’s current-account balance, which climbed to a record in March amid speculation investors repatriated funds from emerging markets.
    The dollar headed for a weekly gain against all of its 16 major peers before U.S. data next week on home prices and durable-goods orders that may add to the case for a reduction in monetary stimulus that was outlined by the Federal Reserve on June 19. South Korea’s won touched a one-year low after the nation’s regulator said it will strengthen monitoring of foreign-exchange markets. The yen erased an earlier gain along with Asian stocks before a speech today by Bank of Japan Governor Haruhiko Kuroda.
    “The data flow has improved a little bit, and I think that helps at the moment” for the euro, said Ray Attrill, the global co-head of foreign-exchange strategy in Sydney at National Australia Bank Ltd. “Money is returning home, particularly out of emerging markets.”
    The 17-nation euro rose 0.1 percent to $1.3234 at 1:10 p.m. in Tokyo, paring a weekly decline to 0.9 percent. It gained 0.1 percent to 128.70 yen. Japan’s currency held at 97.28 per dollar after gaining as much as 0.4 percent.

    source_http://www.bloomberg.com/news/2013-06-20/dollar-set-for-weekly-advance-versus-majors-on-fed-yen-rallies.html

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    The euro fell below $1.30 for the first time in almost a month as European Central Bank President Mario Draghi said monetary policy will remain stimulative, dimming the relative allure of assets denominated in the currency.

    The dollar remained higher versus the 17-nation currency even as Federal Reserve Bank of Richmond President Jeffrey Lacker said he expects U.S. economic expansion to remain “sluggish” for “a couple more years” and that the central bank isn’t close to reducing its bond holdings. Australia’s dollar rose as Prime Minister Julia Gillard lost a ballot for the leadership of the governing Labor party to her predecessor, Kevin Rudd. India’s rupee plunged to a record versus the dollar.
    “The euro weakness today is being driven by comments from Draghi,” said Eric Viloria, senior currency strategist for Gain Capital Group LLC in New York, in a telephone interview. “It’s all about market perception of which direction central banks are moving. The Fed is moving in a direction where they’re going to be slowing the pace of accommodation, while the ECB could still provide more, if necessary.”
    The euro declined 0.5 percent to $1.3012 at 5 p.m. New York time, reaching as low as $1.2985, the weakest level since June 3. Europe’s shared currency fell 0.6 percent to 127.17 yen. Japan’s currency rose 0.1 percent to 97.72 per dollar.

    source_http://www.bloomberg.com/news/2013-06-26/euro-declines-for-sixth-day-versus-dollar-to-trade-at-1-3046.html

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  9. #38
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    The euro traded 0.6 percent from its weakest in more than a month before the European Central Bank meets today following recent comments from President Mario Draghi that monetary policy will stay accommodative.

    The 17-nation currency fell for a second day against the yen after Portugal’s bonds slumped and two of the nation’s ministers resigned, reigniting concern Europe’s sovereign-debt crisis is worsening. The Dollar Index remained lower after declining yesterday from a one-month high ahead of a U.S. jobs report that may help signal whether the economy is strong enough for the Federal Reserve to pare back its bond purchases.
    “We’re not particularly upbeat about the euro,” said Hans Kunnen, chief economist in Sydney at St. George Bank Ltd. “The re-emergence of uncertainty following the resignation of the Portuguese finance minister becomes a central theme for us and there is a lack of perceived progress in the reform process in Europe. Any comments from the ECB would more likely weigh to the downside.”
    The euro lost 0.1 percent to $1.30 as of 6:32 a.m. in London from $1.3009 in New York yesterday, when it touched $1.2923, the lowest since May 29. It declined 0.1 percent to 129.84 yen after dropping 0.5 percent yesterday. The Japanese currency was at 99.88 per dollar, little changed from yesterday, when it rose 0.7 percent.

    source_http://www.bloomberg.com/news/2013-07-03/euro-near-1-month-low-before-ecb-meets-as-portuguese-bonds-drop.html

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    The euro fell to a five-week low against the dollar after European Central Bank President Mario Draghi made an unprecedented pledge to keep interest rates low for an extended period.

    The 17-nation currency dropped the most in almost three weeks versus the yen as Draghi said the ECB’s monetary policy stance will “remain accommodative” for as long as needed to spur growth. The pound slumped the most in almost two years against the dollar after the Bank of England said rising bond yields around the world will weigh on the nation’s economic outlook. The Dollar Index rose a four-week high before the Labor Department releases its monthly job report tomorrow.
    “For a central bank that has been reluctant to offer any kind of pre-committal, today’s characterization of forward guidance is about as much as we can expect from the ECB for now,” said Daragh Maher, a London-based currency strategist at HSBC Holdings Plc. “The euro is justifiably lower on this bias to ease.”
    The euro weakened 0.7 percent to $1.2914 at 5 p.m. in New York after sliding to $1.2883, the lowest level since May 29. The shared currency dropped 0.6 percent to 129.18 yen. The yen added 0.1 percent to 100.04 per dollar.

    source_http://www.bloomberg.com/news/2013-07-03/euro-near-1-month-low-before-ecb-meets-as-portuguese-bonds-drop.html

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    The euro strengthened for a third day against the yen as European Union finance ministers meet in Brussels, a day after agreeing to release 3 billion euros ($3.9 billion) of aid for Greece.

    The dollar weakened against most of its 16 major peers as Federal Reserve Chairman Ben S. Bernanke prepares to speak tomorrow amid speculation he will provide further guidance on plans to scale back asset purchases. He talks on the same day minutes of the U.S. central bank’s June meeting are due and Bank of Japan officials are set to begin a two-day gathering.
    The euro strengthened 0.4 percent to 130.46 yen at 8 a.m. London time. The 17-nation currency gained 0.2 percent to $1.2894. The dollar rose 0.2 percent to 101.18 yen.
    The euro has gained 4.6 percent this year, the second-best performance among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar has risen 7.3 percent, while the yen is the biggest loser, dropping 9.6 percent.

    source_http://www.bloomberg.com/news/2013-07-09/euro-strengthens-versus-yen-after-eu-reaches-greek-aid-agreement.html

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