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Euro Currency News

  • Pound Weakens Against Majors, BoE Rate Decision In Focus Thursday, January 8, 2009 @ 1:22AM(RTTNews) - During early deals on Thursday, the pound edged down against its major counterparts on expectation that the Bank of England will cut interest rates today.
  • Currency: Dollar slides against majors during day Thursday, January 8, 2009 @ 1:11AMThe New Zealand dollar fell away against the greenback from a three-week high above US60.30c reached early today. By 5pm the kiwi was buying US58.53c, after heading steadily down during the day from the peak about 2.30am.
  • Euro Falls Against Dollar Before Jobless, Retail Sales Data Thursday, January 8, 2009 @ 12:57AMJan. 8 (Bloomberg) -- The euro fell against the dollar before data that may show the jobless rate rose and retail sales declined in the countries sharing the currency, bolstering speculation the European Central Bank will lower interest rates.
  • Dollar rebounds after sharp fall Thursday, January 8, 2009 @ 12:40AMTOKYO -- The dollar rose against the euro on Thursday, recovering some ground made after steep US job losses in the private sector, as some traders thought the greenback's slide the previous day was too sharp.
  • Bank of England May Cut Benchmark Interest Rate to Record Low Thursday, January 8, 2009 @ 12:33AMJan. 8 (Bloomberg) -- The Bank of England will probably cut the benchmark interest rate to the lowest ever today as officials move closer to the limits of conventional monetary policy to fight the recession.
  • Japanese yen shows mixed trading against majors Thursday, January 8, 2009 @ 12:31AM(RTTNews) - During Asian deals on Thursday, the Japanese yen showed mixed trading against its major counterparts. While the yen edged higher against the euro and the British pound, it showed choppy trading against the Swiss franc.
  • ... and from around the world News from across the nation... Thursday, January 8, 2009 @ 12:14AMGM won't buildPontiac G8 sport truck
  • Currencies Trading All Over the Map Thursday, January 8, 2009 @ 12:13AMCurrencies including the dollar and the euro have entered a period of extreme volatility that is hindering global commerce and adding further uncertainty to a world economy facing its worst downturn in decades.
  • State go-ahead for price rises a relief for drug manufacturers Thursday, January 8, 2009 @ 12:06AMCAPE TOWN — Pharmaceutical manufacturers have welcomed the health department’s decision to let them raise medicine prices as much as 13,2%.
  • Jan 8 - Close: NZD slides against majors during day Thursday, January 8, 2009 @ 12:03AMThe New Zealand dollar fell away against the greenback from a three-week high above US60.30c reached early today.
  • UPDATE 1-Turkish assets slide on gloomy European data Wednesday, January 7, 2009 @ 10:53AMISTANBUL, Jan 7 (Reuters) - Turkish stocks fell some 3 percent on Wednesday, tracking European markets lower on interim profit-taking after recent gains and gloomy euro zone economic data, while the Turkish lira weakened against the dollar.
  • Rand Falls Against Dollar as Stocks Slide on Recession Concern Wednesday, January 7, 2009 @ 10:51AMJan. 7 (Bloomberg) -- South Africa’s rand fell against the dollar for a second day on renewed concern government stimulus plans may fail to revive the global economy in the first half of the year.
  • Wed: Rally pauses Wednesday, January 7, 2009 @ 10:51AMAfter a week of rises, the Tel Aviv 25 index fell today, with Oil Refineries dropping sharply, while Makhteshim Agan was among the few blue chips to manage a rise.
  • Turkish assets slide on gloomy European data Wednesday, January 7, 2009 @ 10:32AM(Updates with closing prices, analyst comment)
  • Pound rallies to 3-week high vs euro  Wednesday, January 7, 2009 @ 10:31AMSterling hit a three-week high against the euro on Wednesday, recovering from early losses on a view that UK interest rate cuts and government stimulus plans will help the economy recover from a recession.
  • Worst days may be over for battered pound - poll  Wednesday, January 7, 2009 @ 10:31AMThe battered pound has seen its worst days and may even make some inroads against the U.S. dollar and euro over the coming months, a Reuters poll of foreign exchange strategists showed on Wednesday.
  • NZ dollar trades near 3-week high against greenback Wednesday, January 7, 2009 @ 10:30AM(RTTNews) - The New Zealand dollar showed mixed performance against its major opponents in early New York trading on Wednesday. While, the kiwi dollar drifted higher against the US dollar, the Japanese yen and the Australian dollar it showed weakness against the euro.
  • Rand softer vs pound Wednesday, January 7, 2009 @ 10:25AMThe rand is weaker versus the pound and euro but remains range-bound against the dollar as the greenback comes under further pressure after poor US job data.
  • TOPWRAP 5-Germany, ADP report add to global job woes Wednesday, January 7, 2009 @ 10:24AMLONDON/BERLIN, Jan 7 (Reuters) - Global job woes deepened on Wednesday as Germany reported its first rise in unemployment in almost three years and a U.S. labour survey pointed to bigger-than-expected losses for December.
  • Pound Near Three-Week High Against Euro on Interest-Rate Bets Wednesday, January 7, 2009 @ 10:21AMJan. 7 (Bloomberg) -- The British pound traded near a three- week high against the euro on bets the European Central Bank will step up the pace of interest-rate cuts as the region using the single currency slides deeper into a recession.
  • *vwd/BUSINESS WIRE: Sodexo Announces Revenue Growth of 5.6% for the First Quarter of Fiscal 2009 with Organic Growth ... Wednesday, January 7, 2009 @ 1:52AMMITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.
  • Sodexo Sales Rise 5.6%; Confirms Full-Year Targets (Update1) Wednesday, January 7, 2009 @ 1:48AMJan. 7 (Bloomberg) -- Sodexo , the world’s second-largest catering company, said first-quarter sales climbed 5.6 percent after it added new contracts from schools, hospitals and corporate customers around the world.
  • (AFX UK Focus) 2009-01-07 06:24 French and Benelux stocks - Factors to watch on Jan 7 Wednesday, January 7, 2009 @ 1:45AMPARIS, Jan 7 (Reuters) - Below are leading stories from French and Benelux newspapers and company-related news which could have an impact on the region's markets or individual stocks.
  • Short-Term Forex Technical Outlook: USD/JPY Wednesday, January 7, 2009 @ 1:28AMU.S. dollar strength pushed the USDJPY higher this week, but as investors remain risk adverse, the technical forecast favors a bearish outlook for the pair.
  • Sodexo Announces Revenue Growth of 5.6% for the First Quarter of Fiscal 2009 with Organic Growth of 3.2% Wednesday, January 7, 2009 @ 1:00AM PARIS----Regulatory News:
  • (AFX UK Focus) 2009-01-07 05:30 South African Markets - Factors to watch on Jan 7 Wednesday, January 7, 2009 @ 12:59AMJOHANNESBURG, Jan 7 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
  • Euro zone inflation fell below target in December Tuesday, January 6, 2009 @ 12:20PMInflation in the countries that use the euro currency dropped further in December to 1.6 percent, according to official estimates, stoking market expectations that the European Central Bank will keep cutting borrowing costs in coming months. The European...
  • Serbian Dinar Falls to Record Low on Gas Row, Corporate Flows Tuesday, January 6, 2009 @ 12:12PMJan. 6 (Bloomberg) -- Serbia’s dinar slumped to a record low against the euro as a gas dispute between Ukraine and Russia cut investors’ appetite for eastern European assets.
  • Euro zone inflation rate fell to below-target 1.6 percent in December amid tumbling oil prices Tuesday, January 6, 2009 @ 12:01PMBRUSSELS, Belgium - Inflation in the countries that use the euro currency dropped further in December to 1.6 percent, according to official estimates, stoking market expectations that the European Central Bank will keep cutting borrowing costs in coming months.
  • Latvia Unlikely to Drop Currency Peg, IMF’s Rosenberg Says Tuesday, January 6, 2009 @ 11:55AMJan. 6 (Bloomberg) -- Latvia is unlikely to follow Argentina in devaluing its local currency after receiving international aid, said Christoph Rosenberg , the International Monetary Fund ’s representative for central Europe.
  • Tue: TASE rises for seventh consecutive day Tuesday, January 6, 2009 @ 11:51AMAfrica-Israel, Israel Chemicals and Phoenix led the way today with steep rises.
  • Pound Climbs Against Euro on Bets Rate Cuts May Revive Growth Tuesday, January 6, 2009 @ 11:51AMJan. 6 (Bloomberg) -- The pound rose against the euro for a second day, strengthening to 91 pence for the first time in almost three weeks, on speculation interest-rate cuts will revive the British economy faster than the common-currency region.
  • Euro zone inflation dropped further in December Tuesday, January 6, 2009 @ 5:30AM(AP:BRUSSELS, Belgium) Inflation in the countries that use the euro currency dropped further in December to 1.6 percent, according to official estimates.
  • (AFX UK Focus) 2009-01-06 10:17 INSTANT VIEW 1-Euro zone Dec inflation 1.6 pct, 26-month low Tuesday, January 6, 2009 @ 5:29AMJan 6 (Reuters) - Euro zone inflation plunged more than expected to a 26-month low in December, the European Union's statistics office said on Tuesday, raising expectations of another European Central Bank interest rate cut next week.
  • European Inflation Rate Drops to Lowest in More Than Two Years Tuesday, January 6, 2009 @ 5:27AMJan. 6 (Bloomberg) -- Europe’s inflation rate fell to the lowest in more than two years in December as oil prices plunged and consumer spending slumped, increasing the scope for the European Central Bank to reduce borrowing costs further.
  • Euro zone inflation dropped further in December Tuesday, January 6, 2009 @ 5:24AM Associated Press - January 6, 2009 5:13 AM ET BRUSSELS, Belgium (AP) - Inflation in the countries that use the euro currency dropped further in December to 1.6%, according to official...
  • Eurozone inflation slumps to 2-year low of 1.6 pct: EU estimate Tuesday, January 6, 2009 @ 5:23AM(BRUSSELS ) - Inflation in the euro countries slumped in December to 1.6 percent -- the lowest in over two years -- from 2.1 percent in November, according to an estimate on Tuesday from EU's Eurostat data agency.
  • GLOBAL MARKETS: European Stocks Rally To Positive Territory Tuesday, January 6, 2009 @ 5:23AMLONDON (Dow Jones)--European stocks climbed back into positive territory midmorning, led by drug companies and automakers, after opening higher and then falling.
  • Dollar May Extend Near-Term Gains, Bank of Tokyo’s Hardman Says Tuesday, January 6, 2009 @ 5:21AMJan. 6 (Bloomberg) -- The dollar may extend its near-term gains, “especially against the euro, which appears vulnerable,” Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in London, wrote in an investor report today.
  • Euro Declines Ahead Of Euro-Zone CPI Report Tuesday, January 6, 2009 @ 5:14AM(RTTNews) - Ahead of the release of the Euro-Zone December CPI report, the euro declined against its major counterparts. Eurozone annual inflation is seen at 1.8%, down from 2.1% in November.
  • Euro Declines Further Against Majors Amid Euro-Zone December CPI report Tuesday, January 6, 2009 @ 5:13AM(RTTNews) - Amid the release of the Euro-Zone December CPI report at 5:00 am ET Tuesday, the euro declined further against its major counterparts. As of now, the single currency is trading at 1.3406 against the dollar, 0.9148 against the pound, 125.74 against the yen and 1.5016 versus the franc.
  • Gold Falls for Fourth Day as Dollar’s Advance Erodes Demand Tuesday, January 6, 2009 @ 1:00AMJan. 6 (Bloomberg) -- Gold declined for a fourth day as the dollar rebounded, reducing the appeal of the precious metal as an alternative investment. The dollar rose as much as 0.8 percent, extending yesterday’s gain to a three-week high against the euro on speculation that President-elect Barack Obama ’s plan to cut taxes will help the U.S. recover from a recession faster than other countries.
  • Euro May Fall to 87.50 British Pence, Standard Chartered Says Tuesday, January 6, 2009 @ 12:51AMJan. 6 (Bloomberg) -- The euro may fall 5.6 percent to 87.50 British pence over the next three months, Standard Chartered Plc forecast, citing technical charts that predict price movements.
  • Jan 6 - Close: NZD remains near 18-day high vs greenback Tuesday, January 6, 2009 @ 12:48AMThe New Zealand dollar remained in a tight range close to an 18-day high against the greenback, with firmer stock markets and commodities supporting the currency.
  • South Korea's foreign reserves rise in December Sunday, January 4, 2009 @ 11:39PMSEOUL, South Korea (AP) - South Korea's foreign currency reserves rose slightly in December, ending an eight-month drop caused by the global credit crunch, as the value of the euro and other currency holdings rose on a weaker dollar, the central bank said Monday.
  • RPT-GLOBAL MARKETS-Stocks at 2-mth high as risk taking returns Sunday, January 4, 2009 @ 11:05PM* Asia stocks at 2-mth high on US stimulus spending hopes
  • Monitoring ringgit speculation Sunday, January 4, 2009 @ 6:47PMRINGGIT speculation abroad should be monitored so that Malaysia does not become a victim of opportunistic groups seeking to gain from the fall of the local currency, Datuk Muhammad Salleh Majid said.
  • World should avoid repeat of 'Great Depression': top economist Sunday, January 4, 2009 @ 6:08PMThe world is facing a serious recession but should avoid a repeat of the Great Depression it experienced in the 1930s, a top US economist said Sunday in an interview published in Spain.
  • World will escape 'Great Depression' Sunday, January 4, 2009 @ 6:00PMTHE world is facing a serious recession but should avoid a repeat of the Great Depression it experienced in the 1930s, a top US economist said.
  • PNB revises interest rates on non-resident deposits Sunday, January 4, 2009 @ 7:33AMNEW DELHI: Punjab National Bank (PNB) on Friday announced revision in interest rate on Foreign Currency Non-Resident (B) deposit schemes for dollar, British pound, euro as well as Canadian and Australian dollar with effect from January 1.