Euro Surpasses a 4-Month Low, but Still Vulnerable

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Source: Reuters
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The common currency has lost 3.9 percent in May, almost reaching its record low of $1.2624 that it hit in mid-January. Today the euro gained 0.1 percent against the U.S. dollar and was traded at $1.2718. This positive movement is overshadowed by the news on ECB temporarily stopping loans to some Greek banks.

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Thu, 17 May 2012 11:55:32 GMT

Spain's Yield Jumps Again

As Greece exit from the single currency area seems to be more realistic scenario than ever, investors fear that it will have a contagious effect on other fiscally problematic nations. Amid these sentiments, Spanish government borrowing costs soared to 4.375% for January 2015 bond, up from 2.890% on April 4, when the previous auction took place. July 2015 average bond yield came in at

Thu, 17 May 2012 13:46:37 GMT

Beijing house sales are recovering this month

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