Markets kept gains on Tuesday after reclaiming some ground to move off lows for the year the day before, as hopes grew that Europe would embark on fresh action to address its debt crisis while promoting growth.
By Chikako Mogi | May 22, 2012 | Reuters UK
The euro-to-dollar exchange rate recovered Monday from the lows seen late Friday, when the European currnecy nearly touched multiyear lows. Still, the rise appeared to spring mostly from technical retracements, as tradersbelieve Greece will soon be forced to exit the currency union.
By Eleazar David Meléndez | May 22, 2012 | IBTimes
Bell FX Currency Outlook: The Australian Dollar continues in languish in the 0.9800's after the G8 meeting held on the weekend produced no "revelations" of how to deal with the economic woes of Europe.
By Christine Gaylican | May 21, 2012 | IBTimes AU
Bell FX Currency Outlook: The Australian Dollar losses its sparkle as European debt crisis fears worsen overnight.
By Christine Gaylican | May 18, 2012 | IBTimes AU
The euro wallowed near a four-month trough versus the dollar Thursday after some banks in Athens faced emergency funding needs, compounding fears that a potential Greek exit from the euro could put more pressure on other struggling euro zone nations.
By Antoni Slodkowski | May 17, 2012 | Reuters
Bell FX Currency Outlook: The AUD is trading just above USD0.9900 this morning after falling to a low close to USD0.9870 overnight.
By Christine Gaylican | May 17, 2012 | IBTimes AU
Bell FX Currency Outlook: The Australian Dollar has opened slightly lower again this morning after talks between Greece's political parties failed, which led to safe haven interest in the US Dollar and adding to the recent weakness in our own currency.
By Christine Gaylican | May 16, 2012 | IBTimes AU
Bell FX Currency Outlook: The Australian Dollar is close to parity with the USD after the weekend's announcement of China's second cut this year in the reserve ratio requirement for banks has provided no relief from the ongoing concerns of Europe.
By Christine Gaylican | May 14, 2012 | IBTimes AU
A Greek sovereign default has always been a talismanic scare for the euro stakeholders. It would put the common currency under the greatest pressure since its creation, and shake the foundations of the currency bloc.
By Jijo Jacob | May 09, 2012 | IBTimes
Bell FX Currency Outlook: The Aussie has opened lower across the board this morning following a drop in the Euro, Oil and Stock markets as worries intensify over Greece.
By Christine Gaylican | May 09, 2012 | IBTimes AU
Shares and riskier assets recovered on Tuesday from the previous day's plunge, as sentiment improved on hopes Spain would use public funds to bolster its struggling banks, although wariness remained over Greece.
By Chikako Mogi | May 08, 2012 | Reuters UK
Bell FX Currency Outlook: The AUD is almost a cent higher from this time yesterday, currently trading around USD1.0210, as markets digest the results from the elections in Europe over the weekend.
By Christine Gaylican | May 08, 2012 | IBTimes AU