Loonie depreciates on renewed worries about Italy

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank SA
Canadian currency declined from a nearly three-week record high versus its US peer on worries Italy may face same banking system problems as Spain. Loonie gained after Spain requested bailout but retreated when Italian and Spanish yields surged. Canadian Dollar dropped 0.5% to CAD 1.0317. Currently USD/CAD is trading at  CAD 1.0299.
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Tue, 12 Jun 2012 07:37:38 GMT

Euro weakens as Spanish bailout leaves many unanswered questions

The 17-nation currency fell on Tuesday versus most of its counterparts as Spanish rescue boosted worries that European debt woe is worsening. Euro dropped 0.3% against the greenback to USD 1.2482 after an early rally of 1.2%. Currently EUR/USD is trading at USD 1.2493.

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