Euro weakens as Spanish bailout leaves many unanswered questions

Source: Bloomberg
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The 17-nation currency fell on Tuesday versus most of its counterparts as Spanish rescue boosted worries that European debt woe is worsening. Euro dropped 0.3% against the greenback to USD 1.2482 after an early rally of 1.2%. Currently EUR/USD is trading at USD 1.2493.
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Tue, 12 Jun 2012 07:48:38 GMT

Yen gives up gains on IMF prediction

The Japanese Yen offset gains versus its major peers on Tuesday after the IMF fuelled speculation global leaders will support Japanese policy makers' attempt to depreciate the local currency. Yen sank 0.3% against the Euro to JPY 99.44 and slippped 0.1% versus the greenback to JPY 79.55. Currently EUR/JPY is trading at JPY 99.32 and USD/JPY is trading at JPY 79.49

Tue, 12 Jun 2012 07:23:38 GMT

Loonie depreciates on renewed worries about Italy

Canadian currency declined from a nearly three-week record high versus its US peer on worries Italy may face same banking system problems as Spain. Loonie gained after Spain requested bailout but retreated when Italian and Spanish yields surged. Canadian Dollar dropped 0.5% to CAD 1.0317. Currently USD/CAD is trading at  CAD 1.0299.

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