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Saturday, 28 May 2011

Currency News


Daily Currency News

Today's Updates

Euro gains on fears over US growth
The single currency has a volatile five sessions but manages to rise against the dollar, which is suffering after disappointing data and due to an increase in risk appetite

US Treasury says China not manipulating currency
China is not a currency manipulator but its real exchange rate 'remains substantially undervalued', the US Treasury said in its semi-annual currency report to Congress

Euro climbs on strong Asia interest in bail-out bonds
Currency at one-week high against the dollar after report that continent's investors are expected to buy large chunk of eurozone's €440bn Portuguese rescue fund next month

Hong Kong tests banks' ability to survive outflows
The de facto central bank of the Chinese territory wants commercial banks to slow lending amid concerns about rapid credit growth and soaring property prices

Fresh eurozone tensions unsettle equities
Further signs of an economic slowdown in the US and a heightening of tensions over Greece keep up pressure on equity and commodity markets, 

Cristina Sanchez

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