Stronger-than-anticipated manufacturing data benefited the shared currency of the European Union as the monetary unit recovered moderately from sharp losses one day prior, Reuters reports. Following the Monday trading session when the euro suffered from political tumult in Italy and Spain, respectively the 17-nation bloc’s third- and fourth-largest economies, the German purchasing managers’ index report released… Read more.
Political scandal helped drive the Canadian loonie higher against the common currency of the European Union on Monday as the third- and fourth-largest economies in the 17-bloc region contend with challenging developments, Bloomberg reports. Mariano Rajoy, prime minister of Spain, is under fire after a national report indicated he and members of his party accepted… Read more.
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.
Thursday saw the shared currency of the European Union gain toward its top value in 10 months following a healthy bond auction in Spain, a nation that last year was on the precipice of economic tumult due to the sovereign debt crisis, Bloomberg reports. The 17-nation currency increased in value against all 16 of its… Read more.
Thursday saw the common currency of the European Union climb against the world's reserve currency in the aftermath of Spain conducting a strong debt auction, selling more than maximum targets during the first auction of the year, according to Bloomberg. Following three trading sessions of losses, the euro also rose in value against the Japanese… Read more.
Monday saw the common currency of the European Union drop to its three-week low as speculation mounted about the European Central Bank cutting interest rates when its policy makers convene this week, Bloomberg reports. A report indicating producer-price inflation slowed more than forecast in the euro region during November prompted the monetary unit to drop… Read more.
Tuesday saw the common currency of the European Union notch a second-straight day of advances against the world's reserve currency, propelled higher by economic data showing German investor confidence is on the rise, Bloomberg reports. The Dollar Index, a metric that measures the strength of the U.S. dollar against six rival currencies, endured its sharpest… 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.
Conjecture about the central bank of the U.S. pondering additional intervention helped drive gold futures higher on Thursday, according to Bloomberg. One day after marking its worst slump in more than 21 days, the precious metal also benefited from optimism about U.S. leaders being able to avoid the dangers presented by the fiscal cliff. The… Read more.
Thursday saw the value of the common currency of the European Union climb against the U.S. dollar amid speculation about successful negotiations among U.S. political leaders wrestling with fiscal cliff circumstances, Bloomberg reports. The euro also advanced in value against the Japanese yen after four consecutive trading sessions of losses after Italian and Spanish bonds… Read more.