Euro slipped on Merkel's comments

Note: This section contains information in English only.
Source: Marketwatch

The single currency depreciated versus its major peers, as Angela Merkel claimed Germany's unwillingness to give Greece more time for implementation of cuts and necessary reforms. The EUR/USD currency pair lost 0.4 per cent to $1.2512, down from yesterday's $1.2564. The ICE Dollar Index added 0.34 per cent to 81.65, up from 81.368.

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Fri, 24 Aug 2012 18:58:56 GMT

Spanish credit rating stable

Fitch rating agency joined Standard & Poor's rating agency in saying that Spanish credit rating remains stable for now, even despite the fact nation may request for a bailout to help it through the Eurozone's sovereign debt crisis. In the meantime, Madrid has already asked for up to €100 billion ($125.5 billion) as aid for its troubled banks.

Mon, 27 Aug 2012 16:52:04 GMT

Wall Street turned lower on Friday

Wall Street turned slightly lower on Friday, as investors are getting more cautious about Eurozone's leaders will ability to handle region's debt crisis. The Dow Jones Industrial Average fell 0.1%, to 13,041.9; the Standard & Poor 500 Index edged 0.2% lower, to 1,399.54, while Nasdaq 100 futures lost 0.3%, to 3,042.89.

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