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  • FX Morning update - Euro slides back as EU leaders squabble

    Friday 19 Mar 2010

    Splits in Europe over an aid package for Greece are continuing to weigh on the Euro, as the markets misplaced optimism about some sort of bail-out package for Greece starts to ebb away. The reality is that any sort of bail-out for Greece, under present EU rules would probably be illegal, not withstanding the fact that political and legal considerations in Germany make any sort of support for any sort of cash bailout political suicide for Angela Merkel.

  • FX round-up: Dollar dominates

    Friday 19 Mar 2010

    Heightened concerns over the deal being thrashed out to rescue Greece sent the dollar sharply higher Thursday.

  • FX afternoon update - Euro lower on Greek confusion while sterling remains buoyant

    Thursday 18 Mar 2010

    The Euro continues to be weighed down by uncertainty about whether there will be an EU bail-out of Greece, or whether the EU will back-stop any problems Greece has in meeting the austerity measures that it has promised to undertake to bring its budget back into balance. Rumours of a discount rate hike by the Federal Reserve have also been sweeping the market and this could well happen as early as this week.

  • Greece may turn to IMF, reports

    Thursday 18 Mar 2010

    Greece was back in focus again on Thursday amid press reports that the troubled country will turn to the International Monetary Fund for financial help.

  • FX Morning update - Euro continues to wilt while Sterling retains its gains

    Thursday 18 Mar 2010

    Tuesday’s dovish statement by the FOMC put the US dollar under pressure yesterday with sterling being one of the main beneficiaries. The pound was also helped by better than expected employment data with the unemployment rate showing its biggest fall since November 1997 to 4.9%.

  • FX round-up: Sterling lifted by unemployment data

    Thursday 18 Mar 2010

    The dollar came under pressure as the Federal Reserve and Bank of Japan’s decision to maintain ultra low interest rates sparked interest in higher risk, higher yielding currencies.

  • FX afternoon update - Sterling buoyed by unemployment data

    Wednesday 17 Mar 2010

    After last nights dovish statement by the FOMC the US dollar has continued to come under pressure with sterling being one of the main beneficiaries. The pound was also helped by better than expected employment data with the unemployment rate showing its biggest fall since November 1997 to 4.9%. Economists had been expecting a rate of 5.0%. The claimant count unemployment total also fell 23,300, confounding economists' expectations of an 8,000 rise.

  • Japan doubles bank package

    Wednesday 17 Mar 2010

    Japan has boosted its stimulus efforts in an attempt to invigorate its stagnating economy after growth figures for the last quarter of 2009 were revised downwards.

  • FX Morning update - US dollar falls after FOMC decision

    Wednesday 17 Mar 2010

    The dollar fell back last night after the Federal Reserve signalled no change on interest policy for an “extended period”. The lone dissenter to the Fed’s dovish stance, Kansas Fed President Thomas Hoenig remained in a minority of one.

  • FX round-up: Dollar falls as Fed reiterates rate stance

    Wednesday 17 Mar 2010

    The dollar fell to a five week low against the euro on Tuesday as the Federal Reserve maintained its tone on keeping interest rates close to zero for an extended period.

  • FX afternoon update - awaiting FOMC

    Tuesday 16 Mar 2010

    The US dollar has slid back ahead of the FOMC in a couple of hours, while soon afterwards Monetary policy committee member Charles Bean is scheduled to talk and he is unlikely to talk sterling up too much.

  • EU makes more vague promises to help Greece

    Tuesday 16 Mar 2010

    European countries have made yet more vague promises to help debt laden Greece if needed.

  • German economic expectations fall again

    Tuesday 16 Mar 2010

    The ZEW Indicator of Economic Sentiment for Germany declined for the sixth straight month in March.

  • Euro zone inflation eases

    Tuesday 16 Mar 2010

    Consumer prices in the euro zone rose 0.3% from January, figures published by the European Union statistics office Eurostat showed on Tuesday.

  • FX Morning update - US dollar supported ahead of FOMC

    Tuesday 16 Mar 2010

    The US dollar reversed some of Friday's losses ahead of today’s FOMC meeting while sterling lost ground after monetary policy committee member, Kate Barker suggested that the UK could see a return to a quarter of negative growth, but she thought it unlikely that the UK would suffer a "double dip".

  • FX round-up: Dollar broadly higher after data

    Tuesday 16 Mar 2010

    The dollar rose against the euro on Monday supported by better than expected data on the US manufacturing sector.

  • FX afternoon update - Sterling falls after BoE's Barker warns of negative growth

    Monday 15 Mar 2010

    The US dollar reversed some of Friday's losses ahead of tomorrows FOMC meeting while sterling lost ground after monetary policy committee member, Kate Barker suggested that the UK could see a return to a quarter of negative growth, but she thought it unlikely that the UK would suffer a "double dip".

  • EU ready to propose 'framework' to help Greece

    Monday 15 Mar 2010

    European Union leaders look set to propose a 'framework' to help Greece overcome its debt crisis.

  • Euro zone employment down 0.2%

    Monday 15 Mar 2010

    Euro zone employment fell by 0.2% in the fourth quarter, new figures showed on Monday, better than expectations of a 0.5% drop.

  • Euro zone ministers gather for Greece meeting

    Monday 15 Mar 2010

    Euro zone finance ministers are today gathering for a two-day meeting in Brussels to discuss to seek a way of helping Greece overcome its debt crisis.

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