Stocks and Dollars

The negative momentum from Asia did not carry into European markets however, with equity bourses posting early gains on news that the region’s banks had asked the ECB for 131.9 billion euros in 3-month loans, far lower than previously forecasted. The loans come on the eve of the expiration of

The better tone in risk was evident from the start of the session on what is the last session of H1. Upside in EUR/USD was mirrored in EUR/JPY and in the AUD and NZD crosses vs both the USD and the JPY. What was a moderately better tone in the

The better tone in risk was evident from the start of the session on what is the last session of H1. Upside in EUR/USD was mirrored in EUR/JPY and in the AUD and NZD crosses vs both the USD and the JPY. What was a moderately better tone in the

BOE Posen: UK is in a tentatively recovery state but still faces risk of recession and deflation Australia Treasurer Swan: No timeline on concluding mining tax discussions; Tax negotiations to continue for the rest of the week; Will not reveal details of talks on mining tax ECB funding to Greek

BOE Posen: UK is in a tentatively recovery state but still faces risk of recession and deflation Australia Treasurer Swan: No timeline on concluding mining tax discussions; Tax negotiations to continue for the rest of the week; Will not reveal details of talks on mining tax ECB funding to Greek

All the elements are in place for this to be a lively and volatile month-end, but equity market performance may well be the overriding factor driving currency movements. The massive losses yesterday have only compounded the sense of risk aversion in the market, and as such we’ve seen a concerted

All the elements are in place for this to be a lively and volatile month-end, but equity market performance may well be the overriding factor driving currency movements. The massive losses yesterday have only compounded the sense of risk aversion in the market, and as such we’ve seen a concerted

Germany says that the results of the bank stress tests would boost confidence levels in markets, while attention remains on debt crisis in Europe. Today, Germany unemployment slipped as businesses are glad that conditions are improving as a result of higher exports supported by weak euro.