Americas
Tuesday, 13 September 2011 22:36
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NEW YORK: The euro fell against the yen on Tuesday, weighed down by a disappointing Italian debt auction that saw borrowing costs soar and conflicting reports about fresh euro zone support for debt-laden Greece.
The euro zone currency rose against the dollar, though, bolstered by gains in US stocks and a Reuters report quoting a Greek government official as saying Greek, German, and French leaders would hold a conference call on Wednesday.
Earlier, France denied reports its President Nicolas Sarkozy and German Chancellor Angela Merkel would make an announcement about Greece on Tuesday, which confused traders eager to latch onto any near-term trend in the euro.
Traders however, said there was no change in the euro's bearish outlook and that real money remained a seller on rallies, with small sell-stop orders clustered around the $1.3720/25 level.
"The market is still very much focused on the euro. We are back to watching headlines and it ...
NEW YORK: The euro recovered all its losses against the US dollar on Monday and traded in positive territory as a Financial Times story that Italy was in talks with a Chinese fund to buy Italian bonds reached more investors.
The Financial Times reported that according to Italian officials, Lou Jiwei, chairman of China Investment Corp, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italy's Cassa Depositi e Prestiti, ...
NEW YORK: The euro fell to seven-month lows against the dollar on Monday and could stay under pressure this week on fears of a Greek debt default and a possible rating downgrade of French banks.
The yen surged to a 10-year peak versus the euro and rose against the dollar as investors sought safe havens, heightening the risk of intervention by Japanese authorities.
Greece's credit default swaps hit new highs, while the spread between Greek and German ...
NEW YORK: The euro slid to seven-month lows against the dollar on Monday and could stay under pressure this week on fears of a Greek default and a possible rating downgrade of French banks.
The single euro zone currency see-sawed between losses and gains in New York, advancing earlier after government assurances that France could withstand a Greek crisis.
The yen, meanwhile, was a big beneficiary of safe-haven flows, surging to a 10-year peak versus the euro ...
NEW YORK: The dollar extended losses against the Swiss franc on Monday as fears of a Greek default and the risk of contagion hitting the region's banking system spurred investors to place bets on the traditional safe-haven currency.
The dollar fell to a New York session low of 0.8801 franc, according to Reuters data. It last traded at 0.8828, down 0.1 percent on the day.
Copyright Reuters, 2011
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