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- Euro, Aussie dollar struggle as risk aversion mounts
- Franc, Yen Advance as Economists Predict U.S. Job Growth Slowed Last Month
- Aussie in positive territory after local data
- FOREX NEWS :: Dollar steady after short- covering rally
- Japan boosts FX monitoring, creates $100 bln credit line
- Pound reverses fall vs euro but euro zone, UK concerns weigh
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- FOREX-Euro, dollar strike new lows on Swiss franc
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- Yen Declines on Speculation Japan Will Intervene; Aussie, Kiwi Strengthen
- FOREX-Euro sinks to record low vs Swiss franc as debt concerns spread
- CME to launch new Yuan FX futures contracts
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- FOREX-Euro vulnerable; ECB hike factored in
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- Euro Climbs to Two-Week High Versus Dollar on Rate Prospects; Won Advances
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- China’s Equity Markets
- FOREX-Euro and Aussie edge up, China CPI not as bad as feared
- EMERGING MARKETS-Latam FX slumps; Mexico peso at 2-month low
- Euro Falls, Heads for Weekly Drop, on Speculation Rate Increases Will Slow
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Euro Falls, Heads for Weekly Drop, on Speculation Rate Increases Will Slow
Dated Posted: 2011-06-10
By Monami Yui and Masaki Kondo - Jun 10, 2011 2:25 PM GMT+0800
June 10 -- Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney, talks about the outlook for the New Zealand and Australian dollars. New Zealand’s dollar was 0.5 percent from a record high against the greenback after gains in commodities and stocks prices increased the appeal of higher-yielding currencies. Callow speaks with Susan Li on Bloomberg Television's "First Up."
The euro declined versus the dollar, headed for the first weekly drop in four, amid dimming prospects the European Central Bank will accelerate interest-rate increases this year.
The common currency fell against 10 of its 16 major peers on concern a resolution to Europe’s sovereign-debt crisis will be delayed after ECB Bank President Jean-Claude Trichet rejected any direct participation in a second bailout for Greece. New Zealand’s dollar was 0.6 percent from a record high after data showed China’s imports increased in May. The yen climbed on speculation Japanese exporters took advantage of yesterday’s biggest drop this month to buy the currency.
“I see a bigger chance for the euro to decline,” said Yuji Kameoka, chief currency strategist in Tokyo at Daiwa Securities Capital Markets Co., a unit of Japan’s second-biggest brokerage. “People expect the ECB to be on hold after raising rates in July.”
The euro has lost 1.1 percent this week and traded at $1.4469 as of 7:16 a.m. in London from $1.4510 in New York yesterday. The yen advanced 0.3 percent today to 80.11 per dollar after sliding 0.6 percent yesterday. New Zealand’s dollar was little changed at 82.44 U.S. cents, after yesterday reaching a record 83.02 cents.
Trichet will speak in Frankfurt today after the central bank yesterday left its inflation forecast for next year unchanged at 1.7 percent while he signaled the bank intends to lift the benchmark interest rate in July.
Source: Bloomberg
