Euro edged higher amid hopes for ECB actions

Source: Marketwatch
The shared currency was little changed versus the greenback, and advanced against the Japanese yen as expectations of bold ECB action are running high.  The EUR/USD currency pair was little changed at $1.2355 from earlier $1.2356, while the EUR/JPY added 0.4% to ¥98.1, up from ¥97.66.  At the same time, the ICE Dollar traded at 82.44, from earlier 82.392.
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Fri, 17 Aug 2012 17:18:38 GMT

Spanish banks' bad loans soared to a record high in June

As the ECB is going to support Spanish economy, and provide a 100 billion euros infusion into the economy, nation's non-performing loans jumped to 9.42 per cent in June, up from 8.95 per cent in the month earlier. Meanwhile, arrears loans soared by 8.4 billion euros to a total amount of 164.4 billion euros.

Fri, 17 Aug 2012 15:50:55 GMT

Treasuries jumped on economic data

The U.S. treasuries jumped on Thursday, pushing 10- year note yields lower by 1.43% to 1.79%. The two-year notes erased 1 basis point to 0.28%. Initial jobless claims in the U.S. rose slightly to 366 thousand in the week ended August 11. In the property market, the number of new residential buildings declined by 1.1 per cent in July to 746,000 units.

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