Risk appetite got a boost going into the weekend following the release of a better than expected US non-farm payrolls report. The data helped ease fears of a renewed recession in the world’s largest economy, though the news of Fitch’s downgrade...

The euro hit eight month lows of $1.3314 versus the dollar in overnight trade, weighed down by the announcement from the Greek government that it will miss this year’s deficit target. The deficit this year is now expected to be about 8.5% of GDP...

For the third consecutive day, commentary out of the Euro-zone guided global markets. Higher yielding and riskier assets, such as the Australian Dollar and the Euro, continued to find higher bids on Tuesday, well-supported throughout the Asian and...

The euro has managed to claw its way back from eight month lows on reports that Europe is considering increasing the size of its bailout fund. The talk prompted a round of short covering. Some players in the market thought this could be extended...

The dollar strengthened overnight after the Fed announced its much anticipated “operation twist” to help stimulate the US economy, with the USD hitting a seven month high versus other major currencies. Its decision to sell $400billion of...

The rand declined for a fifth day versus the euro and bonds gained on speculation the central bank will signal further rate cuts this week after the International Monetary Fund lowered its global growth estimate. The rand weakened as much as 0.6...

After an attempted rebound yesterday on talk of a statement from Germany and France on the Greek debt crisis, the euro came under renewed selling pressure late in the day and overnight. A teleconference between all three is now reported to be taking...

The Euro was hit yesterday with widespread selling pressure after ECB president Jean Claude Trichet announced a change in stance over current monetary policy. Interests rates in the Eurozone currently sit at 1.5% due to previous concerns over...

Concerns about the pace of recovery in the global economy, as well as sovereign associated risks in the US and the euro zone, are overshadowing forex markets with safe haven currencies like the Swiss franc and the yen benefiting as a result. The...

A weak round of data from the US and Europe yesterday has hit market sentiment, with July’s disappointing manufacturing ISM and PMI surveys underlining concerns about recovery in the global economy. The news of a debt deal in the US offered some...

The euro has further reversed recent gains versus the dollar and sterling, while also falling back against the yen and Swiss franc as eurozone sovereign debt issues once again undermine sentiment. Markets reacted negatively to the overnight...

The euro has fallen back versus the dollar and other majors, giving up some of its recent gains, as euro zone sovereign associated risks have come to the fore once again. Weighing on euro sentiment were contrasting statements by euro zone leaders,...

Building on gains seen going into the weekend, the euro pushed to three week highs versus the dollar in early morning trade. As well as positive reaction to last week’s EU deal, the single currency is also benefiting from a round of general dollar...

While risk aversion remains very much to the fore, forex markets are somewhat steadier. Indeed, the euro, is off its weekend record low against the Swiss franc which, along with the yen, is the safe haven currency of choice. The euro also gained...

The dollar weakened sharply yesterday after Fed Chairman, Ben Bernanke, in his testimony before the House Financial Services Committee said the Fed is ready to ease monetary policy further if the economy weakens and inflation moves lower. The...