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Euro near week-low versus greenback

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Europe
 
The 17-nation currency stood at 0.2% from its lowest in more than a week before reports that may show Europe’s debt crisis is affecting sentiment in the region. The single currency failed to rally after a five-day drop against the Yen before data expected to show French business confidence shrank. The Euro lost 0.1% to $1.2917 from yesterday, when it hit $1.2891, the least since September 13. It fell 0.2% to 100.45 Yen.
 

North America
 
The ICE Dollar Index, which tracks the greenback against a basket of six other major currencies, depreciated from this year’s peak at 84.10 on July 24 to 78.60 on September 14, the weakest since February 29. It was little changed at 79.51 from 79.52 yesterday and has fallen 0.8% this year, set for the first annual loss since 2009.
 
Around the world
 
Taiwan’s Dollar led the gains as Asian currencies rebounded on speculation the region’s exporters took advantage of yesterday’s drop to repatriate earnings as the end of month approaches. Taiwan’s Dollar advanced 0.5% to NT$29.335 versus its U.S. counterpart while Malaysia’s Ringgit gained 0.3% to 3.0637. Meanwhile, South Korea’s Won appreciated 0.2% to 1,117.88 and China’s Yuan added 0.07% to 6.3047.

Elsewhere, Australia’s currency gained against most of its major peers as a leading indicator for China’s economy rose in August, improving trade prospects for the South Pacific nation. The Aussie climbed 0.1% to $1.0432 and lost 0.1% to 81.12 Yen. New Zealand’s Dollar on the other hand added 0.1% to 82.34 U.S. cents, after sliding as much as 0.2% and dropped 0.1% to 64.03 Yen.

Interbank Rates

GBP/EUR    1.25712
GBP/USD    1.62367
GBP/JPY    126.274
EUR/USD    1.29158
EUR/JPY    100.447
USD/AUD    0.95857
USD/CAD    0.97942
USD/NZD    1.21460

Euro’s slide slows as French bond markets stabilise

The Euro was on track for a fifth consecutive weekly decline on Friday, although signs emerged that selling pressure was easing as France’s bond market stabilised and falling US Treasury yields tempered the Dollar’s rally.
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Pound dips as markets await Bailey’s rate clues

The British Pound edged lower against both the US Dollar and Euro on Thursday, as investors awaited a speech by Bank of England Governor Andrew Bailey that could provide clues about the central bank’s next interest rate decision.
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Dollar advances as oil tops $100 and Fed takes centre stage 

The US Dollar edged higher on Wednesday, supported by rising oil prices, as investors awaited the Federal Reserve’s meeting minutes and comments from policymakers for clues about the outlook for interest rates.
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Euro rout deepens as France’s fiscal risks intensify

The Euro fell sharply on Monday to a 17-month low as mounting fiscal concerns in France, coupled with a severe sell-off in the bond market, raised fears of contagion across the region.
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Greenback surges to 17-month high as bond selloff rattles Euro

The US Dollar was on track for a third consecutive weekly gain on Friday, supported by a global bond selloff fuelled by inflation concerns over higher oil prices and mounting worries about France’s fiscal position. Meanwhile, the Euro remained near a 17-month low.
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Dollar hits fresh three-month high as yields support greenback

The US Dollar climbed to a more than three-month high on Thursday, underpinned by a sustained rise in US Treasury yields. The increase in yields has been partly fuelled by concerns that the US-Israeli conflict with Iran could keep global price pressures elevated.
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6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,
J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.