Currencies
Euro Rallies Most in Five Months as EU Signals Prospect of Aiding Greece The euro rose the most in more than
five months versus the dollar as European Union officials held
out the prospect of aiding Greece if the country made progress
in reducing its budget deficit.
South Korean Won Paces Asian Currency Gains; Europe Budget Concerns Linger South Korea’s won led gains in Asian
currencies on speculation the central bank will keep interest
rates low to support an economic recovery. Taiwan’s dollar
climbed after a report yesterday showed exports surged.
Germany Considers Aid to Greece to Ease Deficit, Government Lawmakers Say Germany is considering assistance for
Greece after the country’s fiscal woes threatened the stability
of the euro and financial markets, two lawmakers from Chancellor
Angela Merkel’s governing coalition said.
Canada's Dollar Rises Most in Month on Prospect of European Aid for Greece Canada’s dollar advanced the most in
a month versus its U.S. counterpart as the European Union held
out the prospect of aiding Greece, spurring appetite for
currencies tied to economic growth.
Brazil Real to End First Quarter, Year at 1.8 Per Dollar, JPMorgan Says The Brazilian real will finish the
first quarter at 1.8 per dollar, JPMorgan Chase & Co. said,
changing its previous forecast of 1.65 per dollar.
BIS Pushes for Higher Capital at Banks in Case of Credit-Market Shutdown Capital requirements on banks aren’t
sufficient to ensure financial stability and lenders should hold
enough liquid assets to survive a temporary loss of access to
funding, the head of the Bank for International Settlements said.
Colombia's Peso Strengthens as Crude Oil Gains; Argentine Bonds Rebound Colombia’s peso climbed for a second
day as the price of oil, the nation’s top export, climbed above
$72 per barrel.
Brazilian Real Strengthens the Most in a Week on European Aid to Greece The Brazilian real gained the most in
a week after the European Union signaled it may aid Greece,
sparking advances in global stocks and emerging-market assets.
Euro a Buy After Likely Hitting Bottom, Citigroup Says: Technical Analysis Investors should buy the euro at
$1.3737 as the currency’s 10-week tumble against the greenback
may be over, according to Citigroup Inc.
Euro May Weaken Below 120 Yen on Labor Unrest in Greece, Mizuho Predicts The euro may weaken below 120 yen for
the first time in a year as labor unrest in Greece stifles
government efforts to tackle the widening budget deficit,
according to Mizuho Securities Co.
Euro Still Looks Like the `Sickest Dog in the Litter,' May Drop, RBS Says The euro risks further weakness after
dropping below “key” technical levels, according to Royal Bank
of Scotland Group Plc.