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Tag: ECB

Yen Drops for Third Day on Concern Japan’s Economy Is Worsening

By Yasuhiko Seki and Ron Harui
March 10 (Bloomberg) — The yen fell for a third day against the euro before government reports that analysts say will show Japan’s recession is deepening, reducing the appeal of the currency.

Asian Currencies: Won, Taiwan Dollar Advance on China Plans

By Lilian Karunungan and Patricia Lui
March 5 (Bloomberg) — South Korea’s won and Taiwan’s dollar led gains in Asian currencies as speculation China may unveil new plans to revive growth helped push up global equities.

Euro Weakens on Speculation ECB Will Signal Further Rate Cuts

By Ron Harui and Theresa Barraclough
March 5 (Bloomberg) — The euro fell, snapping two days of gains versl
The euro also headed for a fourth weekly loss versus the dollar before a report from the European Union’s statistics officethat economists say will reiterate the region’s economy shrank the most in at least 13 years last quarter. The [...]

Dollar Trades Near Highest Level Since 2006 as Stocks Tumble

By Theresa Barraclough and Ron Harui
March 3 (Bloomberg) — The dollar traded near the strongest level since 2006 and the yen rose for a third day against the euro as stocks tumbled on concern the global recession is deepening, luring investors to the two currencies as a refuge.

Yen Gains on Speculation Exporters Buying After Weekly Loss

>By Ron Harui and Yasuhiko Seki
Feb. 6 (Bloomberg) — The yen rose against the dollar on speculation yesterday’s biggest drop in seven weeks encouraged local exporters to bring home some of their overseas earnings.

Euro Trades Near 2-Month Low on Eastern Europe Economic Concern

By Ron Harui and Molly Seltzer
Feb. 5 (Bloomberg) — The euro traded near a two-month low against the dollar on speculation the economic slump in Eastern Europe will cause the 16-nation region’s recession to deepen.