In late Asian trading on Monday, the Canadian dollar recovered from an early Asian session’s multi-day lows against the currencies of US, Europe and Japan. Oil prices fell to near $70 a barrel in Asia trading today, extending losses as regional stock markets sold-off amid fears Europe debt crisis is spreading. Benchmark crude for July
Monday in Asian deals, the euro plunged against its major counterparts as investors dumped the risk-sensitive common currency as worries about a potential debt crisis in Hungary rekindled concerns over the fiscal health of the European Union. The euro tumbled to more than an 8- 1/2 -year low against the yen, fresh 4-year low against
Monday morning in Asia, the Australian and the New Zealand dollars plummeted against their major counterparts as a plunge in Asian stocks reduced demand for higher-yielding currencies. Tracking Wall Street’s more than 3% slump on Friday and a drop in commodity prices on disappointing U.S. jobs report and worries about a potential debt crisis in
The US dollar spiked up against major opponents after the release of some economic reports during New York mid-morning trading on Thursday. In economic news from the U.S., private sector employment increased for the fourth consecutive month in May, according to a report released by Automatic Data Processing, Inc. today. The report showed that non-farm
reduced demand for the safe-haven US and Japanese currencies. Tracking cues from Wall Street, where stocks ended on a strong note overnight on the back of buoyant home sales data, Asian stocks opened higher today. Japan’s Nikkei 225 index rose 2.6%, Hong Kong’s Hang Seng climbed 1.6%, China’s Shangai composite index soared 0.4%, New Zealand’s
