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Political tumult in the third- and fourth largest economies of Europe pulled down the 17-nation shared currency on Monday as policy makers with the region’s central bank prepared to convene later this week, Bloomberg reports. The euro slipped against the world’s reserve currency as Spanish Prime Minister Mariano Rajoy was cited in a published report… Read more.
Wednesday saw the common currency of the European Union climb to its seven-week high against the world's reserve currency as anti-debt efforts proved to be key to Greece and Spain, Reuters reports. Terms and conditions of a program for buying back debt in Greece were better than forecast. The dollar suffered the consequences of mounting… Read more.
The value of the common currency of the European Union dropped for a third consecutive day on Wednesday after the International Monetary Fund said European Banks might have to sell debt throughout 2013 to challenge the damaging tendencies of the sovereign debt crisis, according to Bloomberg. However, losses to the embattled monetary unit were tempered after France and Italy released… Read more.
Gold futures climbed on Thursday following the announcement by the leader of the central bank of Europe indicating the body will purchase the debt of struggling nations in the euro zone, The Wall Street Journal reports. Demand increased for the yellowish metal as an alternate asset as it pushed to its top price in more… Read more.
Reductions to the euro zone's growth forecasts on Thursday by the European Central Bank pulled the common currency of the European Union down from eight-week highs against the world's reserve currency, Bloomberg reports. The reductions to forecast for development and growth by the central bank of Europe demonstrates that the sovereign debt scourge is burrowing… Read more.
News about President Mario Draghi with the central bank of Europe intending to announce large amounts of bond purchases helped push up the value of the common currency of the European Union on Wednesday morning, according to Bloomberg. The action has been long-awaited as a method of confronting the sovereign debt crisis. Draghi said in… Read more.
Losses that copper futures endured on Friday were tempered by hopes about policy makers with the European Central Bank advancing in their struggle against the sovereign debt scourge, Reuters reports. Losses that the reddish metal endured early in the trading session tracked slippage of the embattled shared currency of the European Union. But the central… Read more.
Gold futures remained stable on Friday as the world's reserve currency strengthened, according to Reuters. The past several sessions have seen the yellowish metal gain as chatter grew about central banks preparing monetary stimulus programs. The precious metal pushed to its highest price in more than four months on Thursday, prompting some investors to cash… Read more.
Aspirations for monetary easing programs from central banks in the U.S., China and Europe helped drive copper futures to their highest price in more than four weeks on Thursday, according to Reuters. The industrial metal gained from the prospect of increased demand, which would be prompted by the revival of economic systems. The use of… Read more.
Optimism about the central bank of Europe reining in the sovereign debt crisis helped drive copper futures on Tuesday, according to Reuters. So too did the value of the common currency of the European Union climb against the world's reserve currency as the discussion about the European Central Bank's action to reduce borrowing costs in… Read more.