euro

The euro has hit a two-month high against the US dollar as the European Central Bank's bond-buying plans bolstered the single currency.

M&G's Mike Riddell has warned the European Central Bank's latest grand plan to buy government bonds will not prevent a wave of selling if countries' economies continue to deteriorate.

ECB president Mario Draghi has outlined details of a plan to buy unlimited amounts of eurozone nations' short-dated debt in an effort to stem the eurozone crisis.

The euro held on to gains made earlier this week overnight ahead of a crucial day for the eurozone, with the ECB poised to act to curb soaring borrowing costs for periphery nations.

Guy Foster, head of portfolio strategy at Brewin Dolphin, discusses the progression of the eurozone crisis in light of the latest policy shift.

Lord Rothschild has taken a near £130m bet against the euro through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

Argonaut founding partner Barry Norris finds a glimmer of hope for the eurozone crisis in the latest comments by ECB President Mario Draghi.

European stocks are climbing after a four day sell-off, following a pledge from European Central Bank president Mario Draghi that the ECB will "do whatever it takes to preserve the euro".

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

The euro has slipped to an 11-year low against the Japanese yen as Spanish debt woes continue to weigh on the single currency.