Yen drops as Euro strengthens

Source: Bloomberg
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On Thursday Japanese Yen weakened against most of its major counterparts as Asian shares rallied stimulating demand for safe assets. The yen reached almost 2-week low against Euro on Fed's announcement that it has lowered dollar swap rates to support Europe. Japanese domestic currency hit ВҐ104.60 from ВҐ104.37 on New York trade yesterday. The pair currently is trading at ВҐ104.45.

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Thu, 01 Dec 2011 08:19:39 GMT

Spain and France to test investor confidence in bond auction

France and Spain are going to offer bonds worth в‚¬8.25 bn ($11 bn) in today's auction in order to reinforce euro zone's fire powers against contagion. Spain is planning to sell notes valued at в‚¬3.75 bn while France is going to offer bonds at в‚¬4.5 bn. The bond auction will examine investor confidence as Fed, ECB and four more central banks eased cost of dollar

Thu, 01 Dec 2011 07:56:38 GMT

Aussie drops amid decline of building permits retail slowdown

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