Euro fluctuates near three week record high

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Source: Bloomberg
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17-nation currency slipped from almost three-week record high against US Dollar, after European FMs claimed Greece has to make bigger cuts in debt write down agreement. Euro fell 0.2% from $1.3013 in New York yesterday to $1.2989 this morning in Tokyo. However, the losses on common currency were restrained on investor speculation European production output and services contracted slower in previous month. 
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Tue, 24 Jan 2012 07:32:13 GMT

Aussie and Kiwi extend gains on developments in Europe

New Zealand and Australian Dollars kept appreciating against most of their peers on Tuesday on investor optimism EU finance ministers have come closer to the solution of region's debt crisis amid Greek progress in debt swap agreement. Aussie climbed to $1.0525 while Kiwi surged to $0.8111 on Tuesday trade. Australian Dollar currently might be overpriced, suggest some analysts. Currently AUD/USD

Mon, 23 Jan 2012 17:21:01 GMT

Leading indicator index in Canada added 0.8% last month

The composite leading index advanced 0.8% last month after 0.9% increase in November. The increase was observed in the 8 out of 10 elements of the index. Manufacturing was the main contributor to the increase in index with rallying automobile sector. Retail sales, employment, real estate market and money supply also added to the increase.

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