Euro drops versus Yen before German production report

Source: Bloomberg
The Euro slipped versus the Yen before data that is expected to post industrial production decline in Germany, supporting concern the Eurozone's crisis is damaging region's biggest economy. S&P updated Greece's sovereign rating outlook from stable to negative and enforced CreditWatch action on four Spanish banks. The Euro dropped 0.4% to Y97.07 and 0.1% to $1.2387.
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Wed, 08 Aug 2012 09:34:12 GMT

Aussie climbs on domestic economy optimism

The Aussie was 0.6% from its four-month high after report posted home-loan approvals increased 1.3% in June by the most in 2012, increasing signs of boost in the economy. On Wednesday, Australia's Dollar fell to $1.0545 after reaching $1.0604, the highest since March 20. Aussie dropped 0.4% to Y82.68. The Kiwi fell 0.4% to 81.25 U.S. cents. It slipped 0.7%

Wed, 08 Aug 2012 13:55:12 GMT

Greenback turned lower on Eurozone's hopes

On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding 

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