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

Source: Bloomberg
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. 
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Fri, 22 Jun 2012 08:48:05 GMT

Canadian retail sales fell in April

Canada's retail sales tumbled in April, Statistics Canada reported on Thursday. Retail sales diminished by 0.5% attaining USD 38.9 billion in April. Sales dropped by 0.8% when measured by volume. Analysts had expected a gain of 0.3%. Canadian Dollar weakened after the data release. 

Fri, 22 Jun 2012 08:26:13 GMT

Dollar moves toward weekly again

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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