EUR Gains on Successful Portugal and Poland Debt Auctions

The EUR rose against the U.S. dollar on Wednesday, buoyed by successful bond auctions in Portugal and Poland that made the single currency's fall the prior session look overdone. The EUR rose 0.4% against the USD after an early fall as low as 1.2660.

Riskier Currencies Tumble As Investors Turn to Safe-Havens

Following a tumultuous day for riskier currencies, the euro appears poised to drop further in trading tomorrow as investor confidence in the global economic recovery remains shaky. In addition to the euro, which declined sharply against the US dollar and yen, the USD/JPY hit a fresh 15 year low at 83.34.

Forex News: EUR Straining Under Renewed Debt Concerns

The euro dropped against the majority of its currency counterparts today as sovereign debt concerns returned. The bank stress tests performed over the past few months showed data favorable to the region, but new reports have highlighted the inherent weakness of the tests to apply ample strain to the banks, which led to misleading reports.

Forex Blog by FOREXYARD

GBP in the Spotlight with Asset Purchase Facility and Official Bank Rate

The EUR has been falling against a number of its currency rivals over the past day-and-a-half due to a sudden rise in risk aversion. However, yesterday’s successful debt auction in Poland and Portugal helped add a minor boost to the 16-nation single currency. The US Federal Reserve’s Beige Book release also highlighted a growing stagnation in US economic growth, fueling a large number of concerns worldwide.

Current Time: 09/09 10:43 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
09/09
	11:00	GBP	Asset Purchase Facility		200B	200B	-
	11:00	GBP	Official Bank Rate		0.50%	0.50%	-
	12:15	CAD	Housing Starts		189K	185K	-
	12:30	CAD	Trade Balance		-1.1B	-0.8B	-
	12:30	CAD	NHPI	m/m	0.1%	0.1%	-