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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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  2. #61
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    The euro rose to a four-year high against the yen after a European Central Bank board member said policy makers must be “very careful” about using negative interest rates to counter low inflation.

    The dollar touched a two-week low as Chicago Federal Reserve President Charles Evans said policy makers are waiting to see that the labor market “has improved substantially” before trimming the bond-buying program known as quantitative easing. Chairman Ben S. Bernanke speaks later. A gauge of global volatility fell to its lowest level this month. Economists forecast that a report tomorrow will show U.S. retail sales increased in October after dropping the previous month.

    source_http://www.bloomberg.com/news/2013-11-19/dollar-near-two-week-low-versus-euro-as-fed-delays-taper-hopes.html

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  3. #62
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    The euro, the second best-performing major currency this year, has increased so much that it will weigh on economic growth in the euro region going into 2014, according to Nomura Holdings Inc.’s Jens Nordvig.

    The strength of the 17-nation shared currency, which has increased 2.4 percent versus the dollar year-to-date, the most after Denmark’s krone, will trim euro area growth by 0.5 percent in 2014, said Nordvig. The shared currency was the fifth-worst performer among the greenback’s 16 most-traded counterparts in 2012.

    source_http://www.bloomberg.com/news/2013-11-25/strong-euro-to-cut-region-s-2014-growth-nomura-s-nordvig-says.html

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  4. #63
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    The euro headed for a third monthly gain against the yen and the dollar as investors pared bets for additional easing by the European Central Bank ahead of the region’s inflation data today.

    The 17-nation euro climbed to a five-year high versus Japan’s currency after a report yesterday showed consumer prices in Germany, Europe’s largest economy, accelerated more than forecast. The yen was set for a fourth monthly decline against the greenback after Japanese government data showed inflation quickened. Australia’s dollar dropped versus all its major peers as the government’s rejection of a planned foreign takeover raised concern about investment flows into the country.

    “The ECB has got limited room for maneuver on monetary policy -- willingness to move, rather than capacity,” said Greg Gibbs, a Singapore-based strategist at Royal Bank of Scotland Group Plc. “The euro is going to continue to grind out gains until it forces either Europe back into crisis or the ECB to do something aggressive.”

    The euro gained 0.1 percent to 139.40 yen at 1:05 p.m. in Tokyo, after touching 139.71 to reach the highest since October 2008. The currency added 0.1 percent to $1.3618 from yesterday, and reached $1.3622, the highest level this month. The dollar touched 102.61 yen, the strongest since May 23, before trading at 102.38, 0.1 percent above yesterday’s close.

    source_http://www.bloomberg.com/news/2013-11-28/euro-set-for-weekly-gains-against-yen-dollar-as-ecb-bets-pared.html

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  5. #64
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    A year and a half after Denmark’s central bank cut its deposit rate below zero, Governor Lars Rohde says there’s no limit to the policy measures he’s ready to deploy to defend the krone’s peg to the euro.

    “Paraphrasing Mario Draghi,” president of the European Central Bank, “I can just say we’ll do whatever it takes” to defend the peg, Rohde said in a Dec. 2 interview in Copenhagen.

    Denmark’s options are under renewed scrutiny amid speculation the ECB may lower its rates. Citigroup Inc. estimates policy makers in Frankfurt will cut the euro area’s deposit rate to minus 0.1 percent by around June 2014, forcing the Danish central bank to follow with a cut to minus 0.2 percent to defend the currency peg. Rohde says the extreme measures have proved successful.

    source_http://www.bloomberg.com/news/2013-12-04/no-limit-to-negative-rates-as-denmark-s-rohde-defends-euro-peg.html

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  6. #65
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    Euro Touches Six-Week High Before Draghi, French Factory Repor
    The euro touched the highest in almost six weeks against the dollar before data today forecast to show a rebound in French industrial production.

    The shared currency reached its strongest in five years versus the yen ahead of a speech by European Central Bank President Mario Draghi today. The dollar rose to a six-month high against Japan’s currency after Federal Reserve Bank of Dallas President Richard Fisher said the U.S. central bank should begin dialing back its asset purchases as soon as possible. The pound touched a two-year high versus the greenback before the release of a U.K. factory output report.

    “It would be difficult for the ECB to ease further,” said Marito Ueda, a senior managing director at currency-margin company FX Prime Corp. in Tokyo. “The euro has been stable. The money that flew out of the region during the crisis is starting to come back.”

    The euro bought $1.3757 at 1:48 p.m. in Tokyo from $1.3739 yesterday, after touching $1.3768, the most since Oct. 30. It rose 0.1 percent to 142.08 yen after earlier reaching 142.12, a level unseen since October 2008. The dollar bought 103.28 yen from 103.27 in New York, after earlier rising to 103.39, the most since May 23.

    source_http://www.bloomberg.com/news/2013-12-09/euro-near-6-week-high-before-french-factory-data-draghi-speech.html

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  7. #66
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    The euro advanced for a sixth day against the dollar, the longest streak in almost a year, as regional finance ministers met in an attempt to break a deadlock about a single resolution mechanism for failed European banks.

    The common currency reached the strongest level in almost six weeks against the greenback as reports showed Italy’s industrial production expanded and the economy stopped shrinking, boosting optimism the region is recovering. The euro has gained more than 1 percent versus the dollar since the day before the European Central Bank refrained from introducing a negative deposit rate at a meeting last week. Sweden’s krona fell to an 18-month low versus the euro after industrial production in the nation fell.

    source_http://www.bloomberg.com/news/2013-12-09/euro-near-6-week-high-before-french-factory-data-draghi-speech.html

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  8. #67
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    The euro held a seven-day gain against the dollar that matched its longest rally since April 2011, before European Central Bank President Mario Draghi speaks in the European Union parliament today.

    The shared currency traded near a six-week high with data due today forecast to show a rebound in euro-area industrial production. The greenback snapped a two-day decline against the yen as investors weigh U.S. economic reports ahead of next week’s Federal Reserve meeting. Australia’s dollar fell after unemployment rose to match the highest level since 2009.

    “Euro has been solid,” said Junichi Ishikawa, an analyst at IG Markets Securities Ltd. in Tokyo. “The euro selling has abated as the concern for disinflation in the region and additional ECB easing have receded.”

    source_http://www.bloomberg.com/news/2013-12-11/euro-holds-gain-matching-longest-since-april-2011-before-draghi.html

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  9. #68
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    European Central Bank President Mario Draghi sees no need for further cuts to the institution’s benchmark rate amid “encouraging signs” that the euro crisis may be resolved, Der Spiegel reported, citing an interview.

    “At the moment we see no immediate need to act” on the main refinancing rate, the magazine cited Draghi as saying. “The crisis isn’t over, but there are many encouraging signs.”

    The ECB last month slashed its key rate by a quarter point to a record low of 0.25 percent as the Frankfurt-based central bank warned that the euro area may face a “prolonged period” of low inflation. In the interview published today, Draghi said that there are no signs of deflation, adding that “we don’t have a situation as in Japan.”

    source_http://www.bloomberg.com/news/2013-12-28/draghi-sees-no-immediate-need-for-more-rate-cuts-spiegel-says.html

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  10. #69
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    The euro fell for the first time in five days versus the dollar amid bets the region’s economy will trail that of the U.S., spurring the European Central Bank to keep interest rates low as the Federal Reserve slows stimulus.

    The shared currency dropped versus most of its 16 major peers while the yen fell against the dollar, adding to its biggest annual decline since 1979. The pound strengthened to a three-week high versus the euro before U.K. data this week analysts said will show house prices climbed and mortgage approvals rose.

    “There’s some downside for the euro-dollar from here,” Robert Sinche, global strategist at Pierpont Securities Holdings LLC in Stamford, Connecticut, said in a phone interview. “We expect it to head lower, particularly in the second half of the year, as the pace of U.S. asset purchases dwindles to almost zero.”

    source_http://www.bloomberg.com/news/2013-12-30/yen-set-for-biggest-decline-since-1979-on-outlook-for-boj-policy.html

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  11. #70
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    European Union leaders pondering the fruits of a 120 billion-euro ($163 billion) push to jump-start the economy and create jobs can look to data this week for evidence of how little has been achieved.

    The euro-area unemployment rate probably held near a record in November at 12.1 percent, according to the median estimate in a Bloomberg News survey of economists. That report on Jan. 8 follows tomorrow’s release of December consumer-price data. Analysts see inflation hovering near the four-year low that preceded a surprise interest-rate cut a month earlier by the European Central Bank.

    In December, EU leaders acknowledged their struggle to create jobs, 18 months after they unveiled the Compact for Growth and Jobs, saying unemployment remains “unacceptably high.” Governments are relying for continued support from the ECB, which may this week repeat its vow to keep its policy accommodative for “as long as necessary.”

    “Unemployment is bound to remain high amid a sluggish recovery,” said Tobias Blattner, senior economist at Bank of America Merrill Lynch in London. “And with credit remaining scarce and expensive in large parts of the euro area, inflation will fail to creep higher. Deflation fears, however, are unlikely to materialize.”

    The euro was little changed against the dollar today, trading at $1.3579 at 8:36 a.m. in Brussels. The Stoxx Europe 600 Index was up 0.6 percent at 327.64.

    source_http://www.bloomberg.com/news/2014-01-06/euro-jobless-scourge-seen-defying-leaders-163-billion-pledge.html

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