Euro weakens against the Japanese yen

Source: Bloomberg
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The 17-nation currency depreciated against Japanese yen as France and Italy prepare to sell bonds on concern the Eurozone debt crisis is expanding to bigger countries. The euro lost 0.3% to ВҐ103.57. The yen was flat at ВҐ77.65, EUR/JPY currently is trading at ВҐ103.60, while USD/JPY is trading at ВҐ77.65.

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Mon, 12 Dec 2011 08:05:34 GMT

Australian home loans exceeded expectations

Home loans in Australia increased more than expected in November, according to official data. The number of Australian home loans increased to 0.7% on a seasonally adjusted basis from 2.2% in October, reported Australian Bureau of Statistics. Experts projected the number of home loans to increase by 0.2% in November.

Mon, 12 Dec 2011 08:42:17 GMT

US dollar strengthens ahead German data

The US dollar appreciated against most of its major peers on Monday, as analysts predict investor confidence in Germany to plunge to a 3-year record low, bolstering demand for securer assets. The German report on investor confidence will be released tomorrow and economists surveyed by Bloomberg expect the confidence index to be at around -55.8. The dollar gained 0.4% to $1.3338 in London morning trade.

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