Euro stays lower on IMF forecast

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/RS
The Euro stayed lower after a drop yesterday as the IMF revised its forecast for the Euro bloc downward and European officials struggle to tame the Eurozone's debt crisis. The 17-nation currency traded at $1.2984 after falling 0.6% yesterday to $1.2968. The Euro bought 101.81 Yen after a 1% decline. The region's economy will grow 0.2% in 2013, down from a forecast of 0.7% 3 months ago.
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Tue, 09 Oct 2012 05:56:01 GMT

Aussie rises from 3-month low on gains in commodities

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