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

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Source: Bloomberg
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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.
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Tue, 26 Jun 2012 07:22:16 GMT

US new home sales reach 2-year high

Sales of new homes in US surged in May attaining a 2-year record high to annual 369,000, Commerce Department said on Monday. Economists questioned by Marketwatch predicted a slower improvement to 348,000. The median home price declined by 0.6% to USD 234,500 in previous month. Despite sharp increase US new home sales are still well below the normal level. 

Tue, 26 Jun 2012 07:00:16 GMT

Euro moves closer 2-week low on growing uncertainty

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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