Euro trades close to 11-year record low against Yen

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Source: Bloomberg
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17-nation currency moved towards 11-year record low against Japanese Yen on Thursday before French bond auction due today as investors express anxiety if Euro Zone banks and governments will manage to attract enough funds. The Euro lost 0.2% against Japanese Yen reaching ВҐ 99.13 in London trade. Common currency also slipped 0.2% against US Dollar hitting $1.2916. Currently EUR/JPY is trading at ВҐ 99.16.
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Thu, 05 Jan 2012 08:52:21 GMT

Australian currency depreciates on European concerns

Australia's and New Zealand Dollars weakened against most of their counterparts on Thursday after Italian biggest bank UniCredit SpA announced large discount on its shares prompting fears European banks may face difficulties to raise funds. Aussie lost 0.3% against Greenback reaching $1.0339 in Sydney wile Kiwi tumbled 0.2% against its US peer to $0.7862. Currently AUD/USD is trading at  $1.0326 and

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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