Euro News

Euro down as investors wary of Greek debt deal 23 Jun at 7 AM 2015 Solid housing data from the US has helped strengthen the dollar as the euro slips. The single currency has fallen as investors remain cautious about a debt deal for Greece. Although many are optimistic that an agreement will eventually be reached, poor growth in the eurozone is weighing heavily on the euro. On Monday ministers in the eurozone welcomed fresh proposals from Athens to avoid default. Greece is due to make a repayment to the International Monetary Fund at the end of the month. However, Christine Lagarde, IMF Managing...

Dollar down to a one-month low 19 Jun at 5 AM 2015 Uncertainty over whether the Federal Reserve will increase interest rates before the end of the year has pushed the US dollar to new one-month lows. Core inflation measures during May rose by just 0.1 per cent, the lowest they have been in five months. The dollar is down 0.3 per cent this week and is trading at 123.080 yen after previously dipping as low as 122.475 yen. In Asia all eyes are on a policy meeting at the Bank of Japan, although analysts are not expecting any radical moves from the central bank as it is unlikely to expand...

Euro up as Greece claims it is close to a debt deal 13 Jun at 5 AM 2015 The euro ended the week slightly higher against the US dollar as Greece signaled that it may be close to making a deal with its debtors. The cash-strapped country has been looking at ways of staving off a possible default. According to a government official Athens is ready to submit counterproposals and is the nearest it has been to resolving the situation with creditors. Earlier in trading the single currency came under some pressure because of comments made by German Chancellor Angela Merkel. She said that a strong euro made it...

Euro drops as investors look to US job figures 5 Jun at 6 AM 2015 Concerns over the debt crisis in Greece are one of the reasons the euro has dropped from a two-week peak against the US dollar. Traders are now waiting to see how non-farm payrolls have been performing in the US. The single currency is 0.2 per cent down at $1.1217. The euro has also come under pressure because German yields have slipped by 0.83 per cent. Greece is continuing to struggle with its debt repayments to lenders. Alexis Tsipras, the Greek Prime Minister, has asked for changes to be made to the terms with which creditors are...

Positive US data drives the dollar 27 May at 5 AM 2015 Upbeat economic data coming from the US has helped to boost the dollar. A more than 1 per cent climb against a basket of other currencies came on the back of expectations the Federal Reserve will hike interest rates before the end of the year. Against the yen the dollar hit an eight year high. The greenback has also put pressure on the euro. The single currency is already suffering because of fears over Greece’s debt crisis. The euro dropped below $1.09, the first time the currency has done so in a month. The dollar index made a...

Euro gains against the dollar 22 May at 7 AM 2015 The euro is up against the US dollar following signs of slight economic recovery in the eurozone. The single currency has been given a boost by a German Bund yield rise. The euro is currently up 0.7 per cent at $1.1182 after hitting a three week trough on Wednesday of $1.1062. Although PMI data for the eurozone indicated a drop from 53.9 to 53.4 despite expectations that the latest figure would be closer to 53.8, analysts appear positive that over the current quarter the eurozone will show growth of 0.4 per cent. Euro gains have...

Dollar lower on US economy concerns 15 May at 7 AM 2015 Softer than expected producer prices data from the US has put pressure on the dollar. The greenback is currently in a trough not seen since the beginning of the year. It now looks increasingly unlikely that the US Federal Reserve will increase interest rates in the near future. Last month the producer price index fell by 0.4 per cent according to the US Labor Department. However, jobless claims also fell in the last week. In order for the dollar to climb again there will need to be indications that the US economy is strengthening...

Euro up against the dollar following disappointing economic first quarter 6 May at 8 AM 2015 A disappointing economic first quarter in the US has caused the dollar to slip. During March the US trade deficit hit $51.4 billion, an increase of 43.1 per cent, mainly due to an increase in imports. There are fears from some analysts that the lack of growth may have caused the GDP to have contracted over the first three months of the year. The dollar index, a measure of how well the greenback is performing against a number of other global currencies, has fallen from 95.946, its highest level in a week, to 94.866. The euro is...

Soft US economy weighs on dollar 29 Apr at 9 AM 2015 The dollar index, an indication of how the greenback is faring against a basket of other currencies, has hit its lowest level in two months. Investors are keenly watching the outcome of a policy meeting at the Federal Reserve. The dollar has been suffering because it now looks unlikely that the US central bank will hike interest rates any time soon. The dollar index dropped as low as 96.011, its lowest level since 5 March, before recovering a tad to 96.088. The current weakness in the US economy has been blamed on various factors...

Sterling performing well as euro dips 23 Apr at 8 AM 2015 Positive housing data in the US has helped to support the dollar as well as boost bond yields. The dollar index, an indication of how the greenback is faring against a basket of other world currencies, extended to 98.270, a gain of 0.3 per cent. The dollar has become attractive to investors ahead of plans by the Federal Reserve to hike interest rates. Although the dollar has suffered some negative economic reports in recent weeks, the homesales data published this week has helped to allay fears that the economy may be softer than...