Dollar weakens ahead of Federal Reserve meeting

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Source: Bloomberg
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The US Dollar slipped versus the Yen and Euro on Tuesday ahead of Fed meeting later in the day. Investors are betting the US central bank will consider introducing further stimulus to support US economy.The greenback shed 0.3% versus Euro to USD 1.2611 and depreciated 0.2% against Yen to JPY 78.98. Currently EUR/USD is trading at 1.2611.
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Tue, 19 Jun 2012 07:05:57 GMT

Loonie weakens on worries Canada's growth might be slowing

Canadian currency fell versus its US peer on Monday amid anxiety data to be released this week that  may indicate the country's economy is struggling. Loonie dropped 0.3% against greenback to CAD 1.0243 while 10-year bills remained flat at 1.71%. Currently USD/CAD is trading at 1.0225.

Tue, 19 Jun 2012 07:57:57 GMT

G-20 raises pressure on Germany to save Spain

During their meeting in Mexico the leaders of the Group of 20 countries put emphasis on stabilizing European banking system adding pressure on German leader Merkel to boost rescue tools as Spain's crisis worsen. Merkel, however, keeps rejecting the ideas of boosting deficit spending or pooling Eurozone debt.

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