Currency News

Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 113

A round up of the latest daily currency updates from the Currency News desk.

Fears Grow Over Spanish Debt Black Hole ? Bring on the Hispanobono !

30 May 2012 at 9 AM - Written by John Cameron

STORY LINK Fears Grow Over Spanish Debt Black Hole ? Bring on the Hispanobono !

Yesterday’s session saw fears increase over Spain’s troubled retail banking sector, as news emerged that three of the country’s leading banks were considering an emergency ‘merger’ in order to shore up their flagging balance sheets. The news saw the yields on Spain’s benchmark 10-year bonds spiral to 6.5%, perilously close to the...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Prime Minister Describes Spanish Funding Situation as ?Very Difficult?, Heaping Further Pressure on the Euro

29 May 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Prime Minister Describes Spanish Funding Situation as ?Very Difficult?, Heaping Further Pressure on the Euro

Spain’s centre-right Prime Minister Mariano Rajoy heaped further pressure on his troubled country’s finances during yesterday’s session in the currency markets, when he described Spain’s current funding situation as ‘very difficult’. Rajoy’s comments drove the differential between the yields on Spain’s 10 year bonds and their...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Bankia Begs Spain?s Government For ?19bn, Sending EUR USD Rate To 22-Month Low

28 May 2012 at 9 AM - Written by James Fuller

STORY LINK Bankia Begs Spain?s Government For ?19bn, Sending EUR USD Rate To 22-Month Low

The weekend close in the currency markets has seen concerns grow over the future viability of Spanish retail bank Bankia. It has been reported that the troubled Iberian company has approached Spain’s government with a request for some €19bn of additional capital which it requires in order to shore-up its tattered balance sheet. Early...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Poor US Manufacturing Data Raises Spectre Of QE3 By The Federal Reserve And Fails To Trigger GBP USD Rate Drop

25 May 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Poor US Manufacturing Data Raises Spectre Of QE3 By The Federal Reserve And Fails To Trigger GBP USD Rate Drop

Yesterday saw a positive performance for European equities, following Wednesday’s sustained losses. Europe’s stock markets are increasingly taking two steps forward, then one step back, as markets participants struggle to make up their minds about just how bad things are in the eurozone. It was a different story in the US however, as...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Weak New Zealand Import / Export Data and Unfruitful EU Summit Could Support US Dollar

24 May 2012 at 9 AM - Written by Tim Boyer

STORY LINK Weak New Zealand Import / Export Data and Unfruitful EU Summit Could Support US Dollar

Political discord in the eurozone mounted last night, as the latest EU summit in Germany drew to a close. Delegates agreed that the region is facing up to a serious fiscal crisis, but the closest they could come to drawing up a roadmap out of the situation was a statement encouraging the introduction of pro-growth policies alongside austerity...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts New Zeal Forecasts

Sterling Euro Rate Up Again On Euro Summit Fears

23 May 2012 at 9 AM - Written by John Cameron

STORY LINK Sterling Euro Rate Up Again On Euro Summit Fears

The euro came under sustained selling pressure during yesterday’s afternoon session, following the release of a report by the Organisation for Economic Co-ordination and Development (OECD), which singled out the eurozone’s ongoing debt crisis as the most significant threat to the global economy. The OECD went on to echo international...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Forward Move For Global Equities Sees Aussie and Kiwi Dollars Gain

22 May 2012 at 9 AM - Written by John Cameron

STORY LINK Forward Move For Global Equities Sees Aussie and Kiwi Dollars Gain

Europe’s stock markets enjoyed a rare day of gains during yesterday’s session, with London’s FTSE 100 index closing up by 0.70%, Paris’s Cac 40 registering a positive move of 0.64% and Frankfurt’s Dax up by 0.95%. Many analysts have taken the view that the move higher marked a technical correction following last week’s sustained...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates New Zea Forecasts

Official Confirms That EC and ECB Are Drawing Up Plans For Greece?s Eurozone Exit, Yet GBP EUR Rate Drops

21 May 2012 at 9 AM - Written by James Fuller

STORY LINK Official Confirms That EC and ECB Are Drawing Up Plans For Greece?s Eurozone Exit, Yet GBP EUR Rate Drops

The ongoing crisis in the debt-stricken eurozone is increasingly resembling the final throes of the Roman empire, as the edifice of ‘political union’ crumbles in a wash of subterfuge and rumour. Market whispers abounded late on Friday that German Chancellor Angela Merkel had urged Greek President Karolos Papoulias to hold a referendum...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Spanish Bond Yields Soar As Investors Fear Hard Default By Greece

18 May 2012 at 9 AM - Written by Frank Davies

STORY LINK Spanish Bond Yields Soar As Investors Fear Hard Default By Greece

In global bond markets and in Europe’s debating chambers alike, the discord continues. Yesterday’s session saw the yields which debt-addled Iberian giant Spain pays on its government bills spiral to their highest levels for some time. The interest rate which the country is paying on its bonds with a maturity date of January 2015 jumped...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast

17 May 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast

The Bank of England Governor Mervyn King called an instant halt to the Pound’s recent bull-run in the currency markets during yesterday’s session, when he announced that the Bank was slashing its UK growth forecast for 2012 by a third, from the previous 1.2% to a paltry 0.8%. King blamed the announcement on the threat to the British...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

Daily Market Updates

Major Currency Forecasts

Currency Pairs

Popular Currency Tags

Currency News Info

Currency Rates Today