Euro moves closer 2-week low on growing uncertainty

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Source: Bloomberg
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The 17-nation currency traded 0.3% from a 2-week record low versus Dollar after Merkel expressed resistance to Euroarea debt sharing and Moody's downgraded 28 Spain's lenders. Euro traded at USD 1.2506 during Asian trade. Currently EUR/USD is trading at 1.2499.
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Tue, 26 Jun 2012 07:11:15 GMT

Loonie drops on worries officials won't be able to end crisis

Canadian currency depreciated versus its US peer on Monday on growing anxiety EU officials will not manage to arrive at joint action to tackle region's debt crisis. Loonie fell 0.5% against the Dollar to CAD 1.0292 on Toronto trade. Government bonds declined. Currently USD/CAD is trading at 1.0287.

Tue, 26 Jun 2012 06:43:16 GMT

Cyprus calls for bailout

Cyprus has become the latest member of EU, that official has required a financial aid from union. The aim of decision is to tackle risks of country's economy, claimed Cypriot government on Monday. Cyprus is the fifth member of Eurozone that will require bailout from region's counterparts. Euro remained lower versus Dollar at USD 1.2500.

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