Charlotte's Feed
May 7, 2010

Euro, pound off lows but badly bruised after rout

SYDNEY/TOKYO (Reuters) – The pound and the euro nursed chunky losses on Friday after a global rout sent the dollar and yen soaring, with Asian share markets falling on a Wall Street sell-off and sterling hurt by election uncertainty.

The euro scraped back to $1.2700 after hitting its latest 14-month low of $1.2510 on Thursday and shedding 1.6 percent when a steep plunge in U.S. stocks had regulators investigating whether erroneous trades had caused the fall.

May 7, 2010

Euro, sterling off lows but badly bruised after rout

SYDNEY/TOKYO (Reuters) – The pound and the euro nursed chunky losses on Friday after a global rout sent the dollar and yen soaring, with Asian share markets falling on a Wall Street sell-off and sterling hurt by election uncertainty.

The euro scraped back to $1.2700 after hitting its latest 14-month low of $1.2510 on Thursday and shedding 1.6 percent when a steep plunge in U.S. stocks had regulators investigating whether erroneous trades had caused the fall.

May 5, 2010

Euro losses deepen on contagion worries, dollar up

TOKYO, May 5 (Reuters) – The euro sank to a new one-year
low on Wednesday, with its sell-off deepening as fears about
contagion in the euro zone gripped investors, while the dollar
was the chief beneficiary of the rising risk aversion.

The dollar hit a one-year high against a basket of six big
currencies <.DXY> and climbed to its strongest since last May
against the Swiss franc as share markets around Asia lost
ground.

May 5, 2010

Euro losses deepen on contagion worries

TOKYO (Reuters) – The euro sank to fresh one-year lows on Wednesday, with its sell-off deepening as fears about contagion in the euro zone gripped investors, while the dollar was the chief beneficiary of the rising risk aversion.

The dollar hit a one-year high against a basket of six major currencies and climbed to its strongest since last May against the Swiss franc as share markets around Asia lost ground.

Apr 27, 2010

Euro short-covering stalls as clock ticks on Greece

TOKYO (Reuters) – Short-covering on the euro stalled on Tuesday after lifting it from a one-year low, and while traders did not rule out more gains scope was limited while markets watch how Greece progresses in securing emergency aid.

Talk of euro debt redemptions helped pressure the single currency down slightly against the yen, which also took back a little ground lost to commodity-linked currencies in the previous session.

Apr 22, 2010

Euro soft, yen gains as Greek woes again check risk

TOKYO, April 22 (Reuters) – The euro remained soft on
Thursday on continued worries about Greece financing its debt
obligations and concerns about other euro zone economies, while
the yen benefited as investors closed risk trades in
higher-yielders.

The pound, helped by upbeat data the previous day, hit a
two-month peak against the euro, which steadied around $1.3400
<EUR=> but remained within range of March’s 10-month low on the
dollar at $1.3267.

Apr 19, 2010

Yen gains broadly as risk nerves prompt buyback

TOKYO (Reuters) – The low-yielding yen held at its strongest levels this month on Monday, gaining on higher-yielders such as the Aussie dollar as investor appetite for risk took a hit on fears about broader fallout from charges against Goldman Sachs.

With data showing a buildup in speculative long positions on the Australian dollar earlier in April, and in short positions on the yen, analysts said the market had probably been ripe for a correction in pro-risk trades after a run higher over the past couple of months.

Apr 14, 2010

Dollar, yen slip on cocktail of Singapore, Intel

TOKYO (Reuters) – The low-yielding yen fell as upbeat earnings from technology bellwether Intel boosted appetite for riskier currencies while policy tightening by Singapore helped send the greenback lower across the board.

The euro and the Australian dollar climbed against both the U.S. and Japanese currencies and the dollar index <.DXY> fell after the Monetary Authority of Singapore (MAS) tightened policy by effectively revaluing the Singapore dollar.

Apr 12, 2010

Euro jumps on Greek package in short squeeze

TOKYO, April 12 (Reuters) – The euro leapt to its highest in
nearly a month on Monday, surging 1 percent on the dollar and yen
as investors who had sold it scrambled to buy it back after euro
zone finance ministers agreed a rescue package for Greece.

The euro’s rise weighed broadly on the dollar, helping send
the Australian dollar to its highest in five months and the New
Zealand dollar to its strongest since late January, while the
dollar index plunged through its 30- and 55-day moving averages.

Apr 8, 2010

Euro grinds towards March low; Aussie firm on jobs

TOKYO, April 8 (Reuters) – The euro ground closer to this
year’s low against the dollar on Thursday, waiting for the ECB to
flesh out lending rules likely to support Greece, while jobs data
in Australia wasn’t quite upbeat enough to power up the Aussie.

The yen held firm on the dollar after a drop in U.S. Treasury
yields, while dealers were also keeping a close eye on news out
of China, where U.S. Treasury Secretary Timothy Geithner was
headed for talks, for any signals on when Beijing might let the
yuan rise. [ID:nTOE636033]