Auction And On The Slipping Us Dollar

The euro fell to a nearly four-month low against the dollar on Monday on fears Greece could exit the euro and worries that weak industrial data signaled that Europe was heading for recession. Concerns about slowing Chinese and global growth also drove down higher-yielding currencies and boosted the safe-haven dollar and yen. The Australian dollar fell to a five-month low against the greenback, while the New Zealand dollar dropped to a 4-1/2-month trough. Greece's political impasse, as a major Greek leftist party refused to join a unity government or create a government of technocrats, also pushed the country's sovereign spreads over German bunds to their widest level since November. Greece's troubles helped drive up Spain's and Italy's borrowing costs. Spain's bill auctions also showed ...

The euro slipped to a near four-month low on Monday as political turmoil in Greece highlighted the risk it might exit the euro zone, while worries about slowing Chinese and global growth drove down higher-yielding currencies. Safe-haven currencies, including the dollar and the Japanese yen, rose as coalition talks in Greece hit an impasse on Sunday, increasing the chance of another election. Euro-zone industrial production unexpectedly fell in March, adding to signs the bloc is heading into recession, further fuelling bearish sentiment, while Spain's short-term debt costs rose at auction and its 10-year yields soared. "Beyond the ongoing turmoil in the European financial system, policymakers in Greece are certainly running out of time as they struggle to form a coalition," said David ...

The euro fell to a near four-month low on Monday as political turmoil gripped Greece, highlighting the risk the country may exit the euro zone, while worries about slowing Chinese and global growth drove down higher-yielding currencies. Safe-haven currencies including the dollar and the Japanese yen rose as coalition talks in Greece hit an impasse on Sunday, increasing the chance of another election. Euro zone industrial production unexpectedly fell in March, adding to signs the bloc is heading into recession and further fuelling bearish sentiment, while Spain's short-term debt costs rose at auction and its 10-year yields soared. The common currency fell to $1.2861 on trading platform EBS, its lowest level since January 23. It has lost 2.7 percent so far this month after losing 0.8 ...

Fundamental News Today’s highlights: · BoJ Press Conference (JAP, Tentative) · BoC Gov Carney Speaks (CAD, 13:25 GMT) · GDP (QoQ) + Employment Cost Index (QoQ) (U.S, 13:30 GMT) · Michigan Consumer Sentiment(U.S, 14:55 GMT) According to the Labor Department, new unemployment claims for the week ended April 21st came in at a seasonally adjusted level of 388,000. The figure for the latest week marks a marginal drop from the previous week's revised level of 389,000. While, NAR said its pending home sales index rose 4.1 percent to 101.4 in March. Retail sales in Japan were up 10.3 percent on year in March, the Ministry of Economy, Trade and Industry said on Friday, standing at 12.432 trillion yen. While, Japan’s industrial production rose less than forecast ...

Tomorrow is a fresh new start for the euro-area region, where another week had finished on Friday, ending a session full of volatility and tensions, where European market in the past week remained under pressure, tracking the changes in borrowing costs with fears Spain might fall following other vulnerable economies such as Greece and Portugal, which sought bailouts and pulled the euro to the verge of collapse. This week the tension will shift from the debt market to the heavy load of fundamentals awaited from the euro zone, Germany and the United Kingdom, where due to the lack of major auctions all markets will pay attention to European confidence data, the performance of the European manufacturing and services sectors and most importantly the gross domestic product figures from the ...

(Reuters) - Spanish borrowing costs jumped at a debt auction on Tuesday but the sale went smoothly and German data gave an upbeat reading of the euro zone's largest economy, providing some relief to investors worried about the debt crisis. The euro and European shares rose and Spanish 10-year bond yields fell further below six percent, a key level breached on Monday. Investors fear Spain's economic problems will reignite Europe's troubles; a break in a country's debt yields above 6 percent has in the past accelerated the rise in borrowing costs to unsustainable territory. But Spain sold 3.2 billion euros of 12- and 18-month Treasury bills, slightly above its target, although yields were higher than at the last sale and analysts said the success was largely due to the participation of ...

(Reuters) - The euro lost ground slightly and German government bond prices edged away from record highs on Tuesday as investors waited to see if concerns over Spain's budget deficit and banking sector push up borrowing costs at a debt sale. Spanish 10-year bond yields traded above the key six percent level for a second day with investors increasingly worried the country's economic worries will reignite the euro zone debt crisis. Madrid will auction 12- and 18-month Treasury bills, a key test of investor sentiment ahead of a more challenging sale on Thursday of two-year and 10-year bonds. Concerns over Spain have hit risk appetite across all major markets with shares around the world weaker, oil prices slipping and gold edging below a key level of $1,650 an ounce. The euro was down ...

Fundamental News: Today’s highlights: ADP Nonfarm Employment Change (U.S, 13:15 GMT) Interest Rate Decision (NZD, 19:00 GMT) German Factory Orders (MoM) (GER, 11:00 GMT) Building Permits (MoM) (CAD, 13:30 GMT) GDP (QoQ) (JPY, 23:50 GMT) Annual inflation in the Organization for Economic Cooperation and Development (OECD) eased to 2.8 percent in January from 2.9 percent in December. In addition, Eurozone economy contracted 0.3 percent sequentially in the fourth quarter, a revised report from Eurostat confirmed Tuesday. U.K. house prices fell for a third month in four in February and retail sales declined as economic uncertainty weighed on Britons’ spending. House prices were down 0.5 percent in February from a month ago, Halifax said. Japanese foreign exchange ...

(Reuters) - The euro notched a five-week high against the dollar on Thursday, extending gains a day after the Federal Reserve signaled ultra-low interest rates for years to come, while U.S. jobs and manufacturing data fed risk appetite and supported the euro. First-time claims for U.S. jobless benefits rose in the latest week but the underlying trend pointed to improvement in labor market conditions. The government separately reported that orders for U.S. manufactured goods rose more than expected in December. The U.S. data came the day after Fed policymakers pushed back the likely timing of an eventual interest rate hike until late 2014, 18 months later than previously suggested. Federal Reserve Chairman Ben Bernanke also said the U.S. central bank was ready to offer additional economic ...