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Euro Forecast Directory - Page #279

A round up of the latest Euro forecast news items from the Currency News desk.

Pound To Euro Rate Gains As Spain?s Debt Yields Head Towards 7%

13 Jun 2012 at 9 AM - Written by John Cameron

STORY LINK Pound To Euro Rate Gains As Spain?s Debt Yields Head Towards 7%

Although this weekend’s news of the eurozone finance ministers’ bailout of Spain’s banking sector was clearly good news for Spain’s banks, it is already proving to be a millstone around the neck of the Spanish government. The potential that as much as €100bn of emergency loans will be made available to the Iberian state’s...

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

Fears Grow Over Italy?s Debt As Italian Bond Yields Spiral, Taking Pound To Euro Exchange Rate Higher

12 Jun 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Fears Grow Over Italy?s Debt As Italian Bond Yields Spiral, Taking Pound To Euro Exchange Rate Higher

The currency market giveth and the currency market taketh away. Or so it appeared yesterday, which was the first full day of trading following Saturday’s announcement by the eurogroup of Finance Ministers that it was set to make up to €100bn of emergency loans available to Spain’s banking sector. The day started with significant gains...

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

Sterling To Euro Rate Drops Following ECB President?s Comments

7 Jun 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Sterling To Euro Rate Drops Following ECB President?s Comments

Yesterday’s session in the currency markets was shaped by the words of one key global policy-maker – European Central Bank President Mario Draghi. Previous ECB Presidents have become renowned for their conservative approach to public commentary, however Draghi bucked this trend with his words of yesterday. As anticipated, the ECB elected...

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

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

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

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

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