EU Morning Report Swiss franc sharply drops after SNB’s measures The euro rallied against the Swiss franc yesterday after the Swiss National Bank (SNB) surprised investors by intervening in the currency markets. The SNB announced that it will not allow the exchange rate of the euro against the Swiss franc to fall below 1.2000 and [...]

EU Morning Report Reserve Bank of Australia keeps interest rates on hold The US dollar edged higher against a basket of currencies as fears about the US economy and eurozone debt crisis continue to support the safe haven currency. World equities dropped and gold hit a fresh record high on worries that the US economy [...]

EU Morning Report Risk appetite hit by poor US Payrolls figures The US dollar edged higher against a basket of currencies after the US Non Farm Payrolls data disappointed investors spurring heightened demand for the safe haven currency. The report revealed 0K job growth while the market was expecting an increase of 75K and the [...]

EU Morning Report Dollar is under pressure after the Jackson Hole speech The US dollar is under pressure today against its major counterparts as investors speculate the Federal Reserve may announce further monetary easing in their meeting next month. During the Jackson Hole speech on Friday, Fed Chairman Ben Bernanke did not signal a third [...]

EUR/USD The Euro again moved higher during the European session on Wednesday with support below the 1.44 area against the dollar. There were further reports of Euro buying from Asian central banks as part of their underlying reserve management operations, although there was also a suspicion that they were looking to trade recent ranges on [...]