Charlotte's Feed
Dec 2, 2010

Euro pauses after rebound, ECB seen as pivotal

TOKYO, Dec 2 (Reuters) – The euro sat tight after surging
higher the previous day, as investors waited to see if European
Central Bank policy makers meeting later on Thursday would take
any measures to alleviate worries over euro zone debt.

The euro posted its biggest one-day rise in more than a
month on Wednesday, in a dramatic turnaround from 11-week lows
against the dollar, as players cut short positions in the hope
the ECB might calm the region’s debt crisis by taking new steps.

Dec 1, 2010

Euro decline pauses but debt worry keeps it vulnerable

TOKYO, Dec 1 (Reuters) – The euro inched up on Wednesday
after a drubbing the previous day but remained near 11-week lows
against the dollar in a market waiting to see what European
policymakers will do next to contain worries about euro zone
debt.

The euro suffered yet another setback as Standard & Poor’s
threatened to cut the credit ratings of Portugal, but then
stabilised above the previous day’s low of $1.2969 EUR=, a
level not seen since mid-September.

Dec 1, 2010

Euro pauses but debt worries keep it vulnerable

TOKYO (Reuters) – The euro continued to struggle across the board on Wednesday, stuck near 11-week lows against the dollar as the market waited to see what European policymakers would do next to try to contain worries about euro zone debt.

The euro suffered yet another setback as Standard & Poor’s threatened to cut the credit ratings of Portugal, but then stabilized above the previous day’s low of $1.2969, a level not seen since mid-September.

Nov 29, 2010

Euro at 2-month low, focus moves to Portugal, Spain

TOKYO, Nov 29 (Reuters) – The euro fell to its lowest in two
months against the dollar on Monday as the market looked past a
rescue package for Ireland to other euro zone economies and a
euro zone crisis resolution mechanism.

EU finance ministers endorsed an 85 billion-euro ($115
billion) loan package to help Dublin cover bad bank debts and
bridge a huge budget deficit, and approved outlines of a
permanent crisis-resolution system which could make private bond
holders share the burden of restructuring sovereign debt bought
after 2013. [ID:nLDE6AR0MC]

Nov 29, 2010

Euro at 2-month low as focus on Portugal, Spain

TOKYO (Reuters) – The euro fell to its lowest in two months against the dollar on Monday as the market looked past a rescue package for Ireland to other euro zone economies and a euro zone crisis resolution mechanism.

EU finance ministers endorsed an 85 billion-euro ($115 billion) loan package to help Dublin cover bad bank debts and bridge a huge budget deficit, and approved outlines of a permanent crisis-resolution system which could make private bond holders share the burden of restructuring sovereign debt bought after 2013.

Nov 18, 2010

Dollar softer, euro claws back, eyes on Ireland

TOKYO (Reuters) – The dollar’s rally to seven-week highs stalled on Thursday after it failed at chart resistance and after subdued U.S. inflation data reinforced the Federal Reserve’s case for easing, making dollar short-covering pause.

Uncertainty about Ireland’s debt crisis, which also helped support the dollar recently, looked to be loosening its grip on markets after Dublin agreed to work with a European Union-IMF mission on urgent steps to shore up its shattered banking sector.

Nov 15, 2010

Euro wins respite, dollar pauses as Ireland in focus

TOKYO (Reuters) – The euro edged higher on Monday, with some hoping for a rescue package for Ireland, but sentiment was fragile with the market watching other euro zone economies and nervous about a prospective tightening in China.

The yen was in retreat as buying in euros for yen pushed it down against the dollar as well and as firmer U.S. yields lent the dollar support. But Japanese exporters were expected to sell into the gains, meaning moves higher were likely to be limited.

Nov 12, 2010

Euro slides; risk reduction and Irish woes deepen fall

TOKYO, Nov 12 (Reuters) – The euro hit six-week lows
on the dollar on Friday, dipping below $1.3600 as investors
closed long positions and as renewed concerns about Ireland’s
ability to pay its debt kept up selling pressure.

The euro, which fell nearly 1 percent on Thursday, has shed
about 3 percent this week as long positions built up into the
Federal Reserve’s bond buying decision last week have been
unwound heading into the year-end book-closing season.

Nov 11, 2010

Dollar’s comeback flags but still near key levels

TOKYO, Nov 11 (Reuters) – The dollar lost steam on Thursday
after four days of gains but remained close to significant
barriers which if broken could see its short-covering rebound
stretch higher against the likes of the yen and euro.

The Australian dollar dipped after Australia’s unemployment
rate rose in October but it quickly pulled back above parity,
while the euro, pressured all week as euro zone debt worries
combine with long position unwinding, hovered near $1.3800.

Nov 10, 2010

Dollar firm but shies at chart hurdles on euro

SYDNEY/TOKYO (Reuters) – The dollar’s sharp rebound paused on Wednesday as the greenback faltered at significant chart resistance levels and precious metals, which had fallen sharply and given it a boost, began to recover.

The euro, which lost 1 percent on Tuesday as euro zone debt concerns pressured it, twice bounced off support at $1.3735 although its recovery was limited, while the dollar failed to push through a significant barrier at 82.00 yen.