Latest daily forex news about EUR currencye, EUR seems maintained the longest
losing streak in two months versus the dollar before data that
may show German business confidence was the weakest since 2010,
fueling concern the debt crisis is hurting the region’s economy, wich added crisis from Spain banking industry and Greece
On previous news EUR as the 17-nation currency was 0.2 percent from an 11-year low
versus the yen after Italy’s borrowing costs rose yesterday,
boding ill for the nation’s debt auctions this week. it is because of Moody’s
Investors Service lowered the rating outlook for the European
Financial Stability Facility to negative from stable. yess from stable to negative outlook, meanwhile save haven currency JPY
extended gains from yesterday versus most of its 16 major peers
after Japan unexpectedly posted a trade surplus in June.
For details calculation, EUR traded at $1.2069 as of 11:10 a.m. in Tokyo from
$1.2061 in New York yesterday. Its five-day drop through
yesterday was the longest since May. The common currency was
little changed at 94.34 yen after touching 94.12 yesterday, the
lowest since November 2000. JPY was at 78.17 per US dollar,
having strengthened 1.1 percent over the past five days to
78.18.
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