Euro cuts rise as Budesbank sees risk in bond-buying plan

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Source: Bloomberg
The Euro pared its gain versus the U.S. Dollar and fell against the Yen as Germany's Bundesbank announced government bond buying "entail significant stability risks." Europe's shared currency declined 0.1% to $1.2318, after a 0.3% gain. It dropped 0.2% to Y97.92, after an earlier 0.2% rise.
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Mon, 20 Aug 2012 17:19:45 GMT

Home sales and goods orders estimated to rise

Home sales and durable goods orders probably surged in July, showing the U.S. is rebounding from a second-quarter slowdown, analysts said ahead of upcoming reports. Combined purchases of existing and new homes are estimated to rise  to a 4.89 million annual rate, compared to 4.72 million in June. Orders for long-lasting goods are expected to increase the most in 2012.

Mon, 20 Aug 2012 16:57:46 GMT

Loonie trades near 3-month high versus U.S. Dollar

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