The dollar was back at $1.30 versus the euro for the first time since mid-September Tuesday morning, strengthened by lingering concerns the major debt problems could split the European Union. With analysts saying that Germany and other competitive euro area members in the north will grow weary of supporting their profligate neighbors to the south,
The European currency lost ground against its major counterparts in early trading on Monday on renewed concerns that the persisting Irish debt woes may spread to other vulnerable eurozone economies like Portugal and Spain. Earlier on Sunday, the European finance ministers have reached agreement over an 85 billion-euro bailout financial assistance package for the Republic
Friday morning in Asia, the yen edged down against most major currencies after a report showed that Japan’s consumer prices dropped for the 20th straight month in October. The yen tumbled to a 3-day low against the pound, more than a 7-week low against the U.S. dollar and a fresh 2-month low against the Canadian
The Australian dollar edged lower against its major counterparts on Friday morning in Asia after the Reserve Bank of Australia Governor Glenn Stevens hinted that the prospect of fresh interest rate hike is not in the offing. In a statement to the Australian parliament, Glenn Stevens said that the interest rates at the current level
The Australian and the New Zealand dollars pared their recent gains against most major currencies on Thursday morning in Asia amid concerns that the Ireland debt woes may spread to other vulnerable eurozone nations. However, Asian shares are trading marginally higher today following Wall Street’s rally overnight. Australia’s All ordinaries index rose 0.20%, New Zealand’s
