Dollar moves toward weekly again

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Source: Bloomberg
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US Dollar moved closer a weekly again on Friday on speculation data released today may indicate Ifo German business confidence fell in June. US national currency kept its largest advantage in 6 months after macro reports indicated European debt turmoil is weighing on global growth. The greenback traded at USD 1.2555 in New York session. 
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Fri, 22 Jun 2012 08:37:05 GMT

European FM battle over Spain's and Greece's aid

Europe's FMs are struggling to agree on joint strategy how to tame European debt turmoil. Parties involved in lending EUR 240 billion to Greece showed no signal of providing additional time for the recently elected government to accomplish deficit reduction targets. Moreover officials are disputing how to develop a recapitalization program of Spanish financial system maintaining investor trust. 

Fri, 22 Jun 2012 07:11:05 GMT

Loonie falls most in 6 months on disappointing macro reports

The Canadian Dollar depreciated versus its US peer on Thursday as disappointing Canada's retail sales boosted speculation the Bank of Canada may consider postponing additional increase in interest rates. Loonie tumbled 1.12% versus greenback to CAD 1.0297, the biggest decline since December 12. Currently USD/CAD is trading at 1.0275.

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