Dollar rebounds against the Euro on Asian session

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Source: Bloomberg
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The US Dollar climbed 0.8% from 11-month record high against Euro ahead of ECB president Draghi's speech later today. 17-nation currency maintained yesterday's fall on expectations Standard & Poor's will lower credit ratings for European nations, while Italy and France prepare for bond auction. On Thursday Asian trade Greenback traded $1.3044. Currently EUR/USD is trading at $1.3062.

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Thu, 22 Dec 2011 09:55:49 GMT

Aussie and Kiwi decline amid European worries

Australian and New Zealand Dollar fell, partly erasing 2-day advance on worries ECB cheap loans will not provide sound aid to tackle debt crisis. Both Australian currency and New Zealand Dollar lost 0.3% against greenback to $1.0070 and $0.7692 respectively. Currently AUD/USD is trading at $1.0101 and NZD/USD is trading at $0.7696.

Thu, 22 Dec 2011 08:08:18 GMT

Asian markets decline on ECB decision

Asian equity markets tumbled on Thursday after ECB agreed to provide massive lending to European banks, bolstering investor caution. Some analysts suggest the cheap cash will only encourage lending among banks and will not contribute to the reduction of debt burden. Japan's Nikkei Stock Average fell 0.7%, Hong Kong's Hang Seng Index gave up 0.5% while South Korea's Kospi dropped 0.3%. Australia's S&P/ASX 200 index edged

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