Spain sinks even deeper into recession
Eurozone country sees its gross domestic product shrink by 0.7% in the fourth quarter, in a contraction worse than expected
Euro hits session highs against the dollar
European currency reached level on Feb. 27 after an auction of Italian government bonds was met with solid investor demand
Bernanke: Current policy will continue
Chairman of the Federal Reserve Bob Bernanke reiterated the message yesterday that the organization's current policy will continue until the outlook for the labour market is significantly improved
Euro takes slight hit by Italian hung parliament
Markets had pinned their hopes on a centre left coalition winning a majority in both the lower and upper house
Euro drops below $1.32 mark
First time since Jan.10, to trade at $1.3184, down from $1.3256, when previously it had traded at $1.37 against the US dollar in early February
New Zealand ready to join the ‘currency war’
Reserve Bank of New Zealand Governor Graeme Wheeler announces he is ready to intervene on behalf of the New Zealand dollar should the situation demand a serious change
German economy expanding after 0.6% contraction
German ZEW measure of expectations surges from 31.5 to 48.2, the highest since April 2010
Mario Draghi: Exchange rate is not a policy target for the ECB
European Central bank president says the exchange rate is not a target, but admits it is important in the central bank’s assessment of price stability
Expectations of Spanish consumer price index increased
Better than predicted Spanish consumer prices but little to help the euro as output declines in France and Germany
Weak Q4 GDP data confirms Eurozone recession
Weak Q4 GDP data confirms Eurozone slipping deeper into recession, reminding investors of the persistent growth woes across the continent as a whole