Currencies News
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Euro Falls as ECB's Stark Adds to European Financial Concerns
The euro fell against the yen on speculation European banks will struggle to raise funds amid signs the recovery in the region is faltering.
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Geithner Says China Needs to Let Market Drive Up Yuan
U.S. Treasury Secretary Timothy F. Geithner said China must let the yuan rise more quickly to show trading partners that it’s following through on its promises.
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Yen Intervention Inevitable for Japan to Save Industries, Barclays Says
Japan has no choice but to intervene in currency markets to prevent the yen’s strength from decimating the nation’s industry, Barclays Capital said.
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Real Beats Mexican Peso as Growth Insulated From U.S. Slump: Brazil Credit
Brazil’s real is rising to a nine- month high versus the Mexican peso as surging foreign investment and domestic consumption shield Latin America’s largest economy from a slowdown in the U.S.
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CURRENCIES
| EURO | 1.2714 | -0.0006 | -0.05% |
| JAPANESE YEN | 83.6850 | -0.1910 | -0.23% |
| BRITISH POUND | 1.5406 | -0.0065 | -0.42% |
| MEXICAN PESO | 12.9980 | -0.0543 | -0.42% |
| CHINA RENMINBI | 6.7829 | -0.0113 | -0.17% |
| CANADIAN DOLLAR | 1.0338 | -0.0037 | -0.35% |
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