Euro advances against its peers on growing hopes for Spain and Portugal

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
The euro advanced against the dollar and yen as the parliament of Portugal is approaching to a consensus on its budget and a discussion over giving more time to Greece to meet the austerity measures has started. The single currency inched up 0.2 per cent to $1.2989, after having a 0.4 per cent gain the prior day. The currency also rallied 0.6 per cent versus the yen to 103.80, reaching its strongest level since early May.
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Wed, 31 Oct 2012 20:11:07 GMT

Loonie slides as economy shrinks, bonds rise

Canada's Dollar dropped to near a three-month low versus the greenback on Wednesday after a report posted an unexpected fall in the nation's GDP, the first in six months. The Loonie retreated 0.2% to C$1.0009 per U.S. Dollar and traded at C$1.0013. Government notes advanced, with the 2-year yields losing four basis points to 1.06%, the lowest since Oct. 4.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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