Market News

There was little change in the Euro which again held close and just below the recently struck 1-month high; analysts say that fresh impetus will be needed to retest the September peak, though it is unlikely to find it today even with the conclusion of the E.U.

The Euro held close to the 1-month peak struck on Wednesday and risk sentiment got a boost from a drop in Spain’s bond yields, better than expected housing data from the U.S. and a possible year-end rebound in the Chinese economy.

The Euro earlier struck a 1-month peak against the U.S. Dollar following Moody’s affirmation of Spain’s credit rating, instead of the downgrade into junk status that had been expected.

The U.S. Dollar held near to a 1-week high versus the Yen during the Asian trading session today; see why here.

As the week begins the Euro remains under pressure and dipped lower against the USD as market players insist on getting some clarity in the Spain bailout situation.

The Euro snapped a 3-day losing streak on Thursday and continues to edge higher during the Asian trading session after the International Monetary Fund supported the efforts of fiscally troubled Eurozone nations which has requested additional time to meet Troika-imposed targets.

The Euro continues to downtrend as Spain’s fiscal problems continue to plague investors who are concerned about the country’s bailout prospects. Follow the story on DailyForex.com.

The Euro slipped to its lowest level in more than 1-week against the U.S. Dollar and Japanese Yen as investors returned to the safe haven assets following the release of the IMF’s global growth forecasts which was unexpectedly lowered again.

A new statement from E.U. policymakers says that Spain doesn't need a bailout quite yet - see how this news will affect the currency markets.

The U.S. Dollar slipped against the Japanese Yen during the Asian trading session coming off a 2-week high struck last Friday after the U.S. Labor Department reported an unexpected improvement to 7.8% in the unemployment rate.

The Euro slipped lower against the U.S. Dollar but held firm not far from the 2-week high struck after the ECB said that they stood ready to purchase sovereign debt.

The Japanese Yen is edging close to a 2-week low against the U.S. Dollar as investors take positions against the possibility that the Bank of Japan’s monetary policy becomes looser at the conclusion of this week’s policy setting meeting.

The Euro held steady in Asian trading as investors attempt to gauge whether or not Spain is prepared to ask for financial assistance.

Currencies were boosted slightly after somewhat positive manufacturing data from the U.S. Get the full story here.

During the Asian trading session the Euro slipped lower against the U.S. Dollar as investors digest the results of the latest Spanish banks’ stress test which did little to minimize concerns of a much-needed financial bailout.