Euro rises to one-month high amid speculation Spain will request bailout

Source: Bloomberg
© Scanpix/Reuters
The 17-nation currency strengthened to the highest level in a month on speculation that Spain will ask for a financial assistance, thus helping tame the Eurozone's debt crisis. The Euro rose 0.3% to $1.3091 after earlier touching $1.3124, the strongest level since September 17. It fetched 103.52 yen, the highest since September 19, before being at 102.99. 
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Wed, 17 Oct 2012 06:34:23 GMT

Aussie touched 2-week high on Spain optimism

Australia's currency rose to the highest level in 2 weeks and government bonds declined on speculation Spain will ask for a sovereign bailout increased appetite for higher-yielding assets. The Australian Dollar advanced 0.3% to $1.0307, after earlier touching $1.0324, the strongest level since October 2. The Aussie Dollar climbed 0.1% to 81.12 yen. 

Tue, 16 Oct 2012 19:25:21 GMT

European stocks edged higher on Tuesday

European stocks edged higher on Tuesday, October 16, amid growing hopes Spain is one step closer to making a formal bailout request. The Stoxx Europe 600 Index surged 1.32 per cent to 274.38. Germany's DAX Index edged higher 1.58 per cent to 7,376.27 and France's CAC 40 Index rocketed 2.36 per cent to 3,500.94.

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