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(Reuters) - The euro slid for a third straight day against the dollar on Wednesday after dismal European manufacturing data added to fears about a broadening slowdown in the region ahead of a European Central Bank meeting and key elections in France and Greece. The euro came off its lows, however, on speculation the European Central Bank may provide euro zone banks with more liquidity in a third long-term refinancing operation after the euro zone data, in both indebted and core nations, confirmed a worsening economic outlook. Italy's manufacturing sector shrank more than expected, while data from Germany, Spain and France also showed factory activity falling significantly. Political uncertainty also looms large, with upcoming elections in France and Greece this weekend having the ...

(Reuters) - Concern Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares to a halt on Monday, while the euro pared earlier losses as some shorts covered their bets. U.S. stocks edged lower, tracking European equities, while a gauge of global shares hovered near break even after four straight sessions of gains. Declines were not enough to derail an uptrend of five consecutive weeks of gains on both the U.S. benchmark S&P 500 index and global stocks measured by MSCI. So far this year, the S&P is up 6.8 percent and global stocks have gained 8.6 percent. The Greek debt crisis remained a concern to markets as political leaders had not agreed to accept unpopular public wage cuts and other measures to qualify for a new bailout from the European ...

Fears that Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares and the euro to a halt on Monday, undermining the positive effect of better global economic data. U.S. stocks edged lower, tracking European equities, while a gauge of global stocks fell for the first session in five. Still, the declines were not enough to derail an uptrend of five consecutive weeks of gains on both the U.S. benchmark S&P 500 index and global stocks measured by MSCI. The Greek debt crisis remained a concern to markets as political leaders had not agreed to accept deeply unpopular public wage cuts and other measures to qualify for a new bailout from the European Union and International Monetary Fund. Greece needs the cash by March to meet big debt repayments and ...

The euro was largely up during yesterday's trading session, as positive global data led to risk taking among traders. A successful Spanish debt auction combined with a lower than forecasted US Unemployment Claims were largely responsible for the euro's bullish trend. That being said, analysts are warning that the overall trend for the common currency is still down and that considerably better euro-zone news is needed before a meaningful reversal will take place. Economic News USD - USD Gains vs. JPY Following Unemployment Report The US dollar saw substantial gains against several of its main currency rivals yesterday, following a better than expected US Unemployment Claims figure. The weekly unemployment figure came in at an almost 4-year low and well below analysts earlier ...

(Reuters) - The euro fell against the dollar on Monday as tentative optimism about prospects for crisis-fighting reforms under new governments in Italy and Greece gave way in the face of the huge debt problems still plaguing the euro zone. Italy sold 3 billion euros of five-year bonds at yields which, while down from last week's record market highs, were elevated enough to underscore the challenges the country's new technocratic government faces to restore market confidence, leaving many investors bearish on the single currency. Former European Commissioner Mario Monti was appointed on Sunday to head a new government in Italy charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. The single currency was last down 0.75 percent versus the dollar ...

(Reuters) - The euro slipped against the dollar on Monday with nerves ahead of an Italian bond auction undermining initial optimism about the prospect of crisis-fighting reforms under new governments in Italy and Greece. On Sunday, Italy's president appointed former European Commissioner Mario Monti to head a new government charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. Italy's 3 billion euro auction of five-year bonds was expected to find buyers, but at a record high yield which underscores the challenges the country's new technocratic government faces to restore market confidence. The common currency slipped 0.3 percent to $1.3710 early in the London session as caution weighed ahead of the bond sale. Traders cited sizeable options ...

(Reuters) - The euro and commodity currencies held firm on Monday as investors cheered progress on tackling Europe's debt problems, but traders remained wary as Italy prepares to test the market's appetite with a bond sale. Most traders remain unconvinced if new governments in Italy and Greece can win back investors' confidence in their debt, and are looking to Italy's auction for near-term cues. The common currency was at $1.3754, having risen as high as $1.3811 in early trade, and slightly above $1.3751 hit in New York late on Friday. It also firmed against the yen, reaching 106.71 yen at one point from New York's 106.02. "Everything went to plan, if you like, over the weekend, so we're seeing a positive reaction," said Michael Turner, a strategist at RBC Capital Markets. On Sunday, ...

(Reuters) - Gold rose on Thursday, helped by a resurgent euro and turmoil hitting financial markets on political chaos in Greece as European leaders contemplated the country's exit from the euro zone. Gold has been rangebound in the past week or so, with the threat of a potentially disastrous Greek default burnishing gold's safe-haven appeal while fears of a liquidity crunch in case of a default have kept gains in check. "Some people would have been looking on with horror, buying gold on basis of potential Armagedon because of Greece. That's always there," said Nick Moore, RBS's global commodity strategist. Safe haven interest in gold, although lower than previously, still existed, he said. Gold's rise off earlier losses was echoed in other financial markets. Early losses in stocks and ...