Strong Euro may weaken economic growth in Eurozone: Nomura Holdings

Source: Bloomberg
The Euro has recorded the second-best performance so far this year among the most-traded currencies raising concerns that the increase may weighed on the euro-area economic growth in 2014, Nomura Holdings Inc.'s Jens Nordvig claimed on Tuesday. The 17-nation bloc currency has advanced 2.4% against the U.S. Dollar on an annual basis, the most after Danish Krone.

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Tue, 26 Nov 2013 11:02:03 GMT

China's Yuan forwards trade close to one-week low

The Chinese currency forwards traded near its lowest level in a one week on rising political tension after the world's largest economy revealed new defensive emergency measures over disputed islands with Japan. 12-month non-deliverable forwards fluctuated at 6.1535 per U.S. Dollar by 10:05 a.m. Hong Kong time following a touch of the lowest level since November 19 at 6.1560 yesterday.

Tue, 26 Nov 2013 10:40:04 GMT

Pound weakens against Euro before BoE Governor testifies before Treasury Committee

The British Sterling declined on Tuesday falling for the third straight day against the 17-nation bloc currency before Governor of the United Kingdome central bank Mark Carney testify about the country's inflation outlook and economic forecast. The Pound slipped 0.1% to 83.78 pence per Euro as of 7:44 a.m. London time following a 0.5% drop yesterday.

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