Archive for March, 2013
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Euro edges down on Cyprus worries, Italy political deadlock

by Forex Rooton March 29, 2013 7:45 am BST
The euro hovered near a four-month lows on worries that losses suffered by Cypriot depositors may unnerve investors in other euro zone debt and on Italian political woes, but market participants also said the single currency seems to have found a bottom for now. Trade was, however, subdued with many markets closed for Easter holidays, […]

Euro vulnerable on euro zone worries

by Forex Rooton March 28, 2013 6:31 am BST
Cypriots are expected to besiege lenders in the morning as banks reopen for the first time in almost two weeks. Authorities imposed restrictions on cash withdrawals and may curb the use of credit cards abroad to keep a rein on money flows after the country agreed to a bailout deal that will wipe out some […]

Euro sulks near four month low

by Forex Rooton March 27, 2013 8:46 am BST
The euro stayed near a four-month low against the dollar on Wednesday as fears about the currency bloc’s financial stability festered in the wake of the Cyprus rescue deal, while the yen dropped on stronger hopes for bond buying by the Bank of Japan. The euro dropped 0.1 percent to $1.2849 (8473 pence), not far […]

Euro at four month low on Cyprus deal jitters

by Forex Rooton March 26, 2013 7:07 am BST
The euro languished near four-month lows against the dollar on Tuesday, held back by fears that future euro zone bank rescues will involve a tax on depositors, while the yen struggled after Japan’s central bank chief reaffirmed a commitment to bold easing. The common currency rose 0.1 percent to $1.2864 (8473 pence) after having hit […]