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Euro hits 11-wk high

The euro hit an 11-week high against the dollar and a seven-week high against the yen on Tuesday as solid bank earnings lifted equities and encouraged investors to take on more risk.
Strong earnings from Swiss bank UBS helped lift European shares, with banking stocks leading the gains and supporting the market’s relief over the results [...]

The euro slipped on Friday

The euro slipped on Friday after a Spanish newspaper reported some of the country’s 18 savings banks had failed stress tests to see how strong they would be if economic conditions worsened, highlighting nervousness ahead of the release of Europe-wide test results later in the day.
Though some of Spain’s smaller banks or “cajas” had been [...]

Asia surges on Wall Street lead,

Asian stocks surged on Friday on a strong lead from Wall Street and optimism about the results of “stress tests” on eurozone banks, traders said.
Japan’s Nikkei index ended the day up 2.28 percent, Sydney was up 1.91 percent and Mumbai up 0.1 percent.
Hong Kong rose 1.1 percent and Shanghai 0.38 percent, boosted by the general [...]

Emerging markets were in high demand in mid July

markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday.
Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds [...]

The euro extended losses on Monday,

The euro extended losses on Monday, pulling further away from two-month highs, after Moody’s cut Ireland’s credit rating, highlighting the fragility of Europe’s fiscal health.
The euro quickly fell to the day’s lows of $1.2868 after the rating agency cut Ireland’s government bond ratings to Aa2, from Aa1, saying the country had suffered a “significant loss [...]

Global stocks euro rebound

The selloff in global stocks lost steam on Monday and the euro erased losses as investors took Ireland’s ratings downgrade in their stride, but worries about the pace of US economic recovery kept markets cautious.
After a steep fall last Friday, Wall Street looked set to open higher with US stock index futures all trading up [...]

Euro rises above $1.30

The euro rose Friday to its highest level in two months, topping $1.30 as worried investors shift their focus from the European debt crisis to slowing growth in the US.
The dollar also hit a low for the year versus the Japanese yen as investors sought out the Japanese currency as their preferred safe-haven asset.
The dollar [...]

China stock drop sparks risk pullback

Asian shares surrendered early gains on Tuesday, weighed down by Chinese stocks, which slid on reports that Beijing will not relax tougher property measures any time soon.
Major European stocks, however, opened slightly higher after Alcoa, the largest US aluminum producer, posted surprisingly strong quarterly results and provided a positive outlook for global consumption of the [...]

Euro hits 8-week high

The euro rose to an eight-week high against the dollar in Asia on Thursday as risk-taking sentiment grew on higher stock prices and strong Australian jobs data, dealers said.
The euro briefly rose past 1.2680 dollars to trade at the highest level since mid-May in Tokyo morning trade before easing to 1.2653 in the afternoon, still [...]

Euro policymakers

Markets abhor a vacuum, and the perception gap between euro zone policymakers and financial professionals is almost certainly at its widest since the single European currency’s launch in 1999.
That is one reason why southern European countries’ bonds remain under almost as much pressure as they faced before the EU agreed on May 2 on a [...]