Euro Rate

Plans to support Spain’s troubled banks failed to convince investors, and the Greek stock market dropped to levels last seen 20 years ago during an earlier crisis over a mechanism to reduce exchange rate swings in Europe before the euro’s advent.

FRANKFURT, May 11 (Reuters) – Key euro zone bank-to-bank lending rates held steady on Friday, finding a floor after more than halving since late last year under the weight of an unprecedented injection of liquidity by the European Central Bank.

The euro hit its lowest since late January on Wednesday of $ … that the Reserve Bank of Australia could follow up this month’s 50 basis point rate cut with more easing in coming months. The Aussie last stood at $1.0085, a gain of 0.5 percent …

Nordic Outlook: Shift in crisis strategy and bail-out for SpainReutersThis has increased uncertainty about Greece's future in the euro zone. The change in crisis strategy towards promotion of growth involves risks, however. The contribution of cent…

Moneycontrol.comGLOBAL MARKETS-Stocks, oil slump on weak jobs dataReuters* Weak US payrolls, PMI reports in Europe, spell gloom * Global shares slide; bond prices jump on QE3 hopes * Brent crude falls to 3-month lows under $113 a barrel * Dollar slips …

BloombergFOREX-Dollar drops vs yen on US jobs data; euro lowerReutersUS short-term interest rate futures were little changed after the payrolls data, implying nearly no change in traders' expectations in Fed policy. EURO DOWNSIDE The euro fell 0.4 …

U.S. short-term interest rate futures were little changed after the payrolls data, implying nearly no change in traders’ expectations in Fed policy. EURO DOWNSIDE The euro fell 0.4 percent to $1.3094, having dropped as low as $1.3081 …

BBC NewsEURO GOVT-Smooth debt sales push Spanish, French yields lowerReutersMoney markets continue to price in some chances of an interest rate cut by the end of the year. But there was not enough to reassure markets that policymakers can prevent the e…

But gains in the euro could be short-lived ahead of elections in France and Greece at the weekend. Draghi, in comments after the ECB kept rates unchanged at 1 percent, said the euro zone economy was likely to recover this year, although the …

Recent weak data has revived interest rate cut expectations for later this year and markets … a big selloff if they disappoint given all the other problems in the euro zone. It may just provide a buying opportunity.” In France, the debt …