LONDON, May 7 (Reuters) – The euro stayed under pressure on
Tuesday on the ECB chief’s comments on further rate cuts, while
Australia’s dollar slid to a two-month trough after its central
bank cut rates to a record low.
The market had been evenly divided on the chances of the
easing decision by the Reserve Bank of Australia, but prospects
of further loosening will likely weigh on the currency for now.
LONDON, May 2 (Reuters) – The euro rose against the dollar
on Thursday after the European Central Bank cut interest rates
to a new record low in an attempt to support its recession-mired
economy, a move which had been widely expected by the market.
The ECB cut its benchmark refinancing rate by 25 basis
points to 0.5 percent, its first cut in 10 months and left the
deposit rate unchanged.
* Investors expect Fed to recommit to QE
* Fed meeting outcome due 1800 GMT
* U.S. manufacturing, jobs data this week could hurt dollar
* Euro near 2-week high ahead of ECB meeting
By Anooja Debnath
LONDON, May 1(Reuters) – Expectations the U.S. Federal
Reserve will stick to its aggressive stimulus programme kept the
dollar struggling near a two-month low against a basket of
currencies on Wednesday.
Although U.S home prices and consumer confidence data have
been encouraging, an unexpected contraction in business activity
on Tuesday combined with a recent run of soft data has sparked
worries of an economic slowdown and weighed on the dollar.
LONDON (Reuters) – The euro fell on Tuesday after weak economic data gave further weight to expectations of an interest rate cut by the European Central Bank later this week.
Strategists however said losses in the euro are likely to be limited on prospects the U.S. Federal Reserve’s ultra-loose policy will be maintained and weigh on the dollar.
LONDON (Reuters) – The euro rose against the dollar on Monday, lifted by the formation of a government in Italy, but was held in check by expectations of a rate cut by the European Central Bank.
Demand for bonds from the more indebted euro zone countries helped buoy the currency after centre-left politician Enrico Letta took over as Italy’s prime minister, ending a deadlock.
LONDON (Reuters) – Sterling slipped against the dollar on Tuesday after weaker-than-expected data from some major economies increased demand for more liquid currencies like the U.S. currency and the yen.
The risk that the first estimate of British gross domestic product (GDP) on Thursday could point to recession also weighed on the pound.
LONDON (Reuters) – The yen slipped against the dollar towards the 100 level on Monday, after the Group of 20 countries refrained from criticizing Japan’s reflationary policies that have significantly weakened its currency.
The dollar last stood at 99.71 yen, up 0.2 percent on the day. It had earlier climbed to as high as 99.90 yen which was within striking distance of a four-year high of 99.95 set on April 11 and the 100 level, where option barriers are cited to be lined up.
LONDON (Reuters) – Sterling recovered from early losses to rise against the dollar on Thursday but it remained vulnerable after data kept alive the prospects of further monetary easing by the Bank of England.
Retail sales for March fell broadly in line with expectations, keeping the jury out on whether poor domestic demand and consumer spending pushed the British economy into recession in the first quarter.
LONDON, April 17 (Reuters) – The yen fell broadly on
Wednesday and will likely suffer further losses in coming
sessions, succumbing to renewed pressure after a steadying of
gold prices from an earlier dramatic slide helped risk assets
The highly-liquid Japanese currency, which is usually sought
in times of financial uncertainty, rose earlier this week after
a historic plunge of around 9 percent in gold prices on Monday
and on concerns about China’s slowing economic growth.
LONDON (Reuters) – The yen’s recent bounce ran out of steam on Tuesday as stocks and commodities steadied, but investors remained wary that another slide in gold prices could spur demand for the safe-haven Japanese currency.
The highly liquid yen tends to benefit in times of stress in the global economy or financial markets. It has been a big beneficiary in the past few days after poor Chinese and U.S. economic data, a plunge in gold prices and explosions in Boston combined to push investors into less risky assets.