Slashes to the growth forecasts of the euro region dragged down crude oil futures to their lowest value in one week on Thursday, according to Bloomberg. Also tugging the energy commodity down were U.S. political leaders' differing methods of crafting a budget plan. President Mario Draghi with the European Central Bank said the institution he… Read more.
Thursday saw the common currency of the European Union approach its top value in seven weeks against the U.S. dollar as European Central Bank officials prepare to meet to make a policy decision, Bloomberg reports. The euro was hovering against the Japanese yen as investors, analysts and additional market participants anticipated economic data that would… Read more.
The final day of November saw the shared currency of the European Union climb to a five-week high against the world's reserve currency as concerns about the damaging tendencies of the sovereign debt crisis eased, Bloomberg reports. The 17-naiton monetary unit also climbed against the Japanese yen, barreling toward monthly gains of just less than… Read more.
Concerns about U.S. leaders being consumed by a fiscal crisis pulled copper futures to their lowest value in eight-plus weeks on Friday, according to Reuters. The world's reserve currency gained in value on Friday, which also tugged the reddish metal downward. Preoccupations about the euro zone's deepening troubles with the sovereign debt crisis also did… Read more.
Thursday saw the common currency of the European Union sink to eight-week lows as a consequence of a published report stating the European Central Bank might hold off on the acquisition of regional bonds, according to Bloomberg. The report in Market News International noted the central bank views reductions to borrowing costs as an uplifting… Read more.
Wednesday saw the currency of Canada lose some of what it gained overnight against the U.S. dollar after benefiting from the re-election of U.S. President Barack Obama, according to Reuters. Losses to the loonie were linked to remarks by Mario Draghi, president of the European Central Bank, who said the institution he leads is forecasting… Read more.
Tuesday saw the common currency of the European Union drop against the U.S. dollar and the monetary unit of Japan after President Mario Draghi with the European Central Bank said the euro bloc is subject to severe financial challenges, according to Bloomberg. Remarks of the central bank chief echoed the commentary of the International Monetary… Read more.
Friday saw the common currency of the European Union stay near two-week highs against the world's reserve currency as the European Central Bank indicated it is ready to acquire bonds from struggling nations in the euro zone, according to Reuters. The euro also is likely to be impacted by the U.S. Labor Department's jobs reports,… Read more.
Thursday saw copper futures gain as the industrial metal tracked the upward drive of the shared currency of the European Union, according to Reuters. The euro benefited from President Mario Draghi with the European Central Bank stating the institution he leads is prepared to begin buying bonds of nations in need. Debt-hobbled Spain was believed… Read more.
Gold futures were knocking on the door of the milestone price of $1,800 per troy ounce on Thursday, spurred by the central bank of Europe stating it is prepared to begin purchasing government bonds of nations in debt, Bloomberg reports. The yellowish metal was driving toward its highest value since November 2011 after President Mario… Read more.