1Casa Daily Currency News

Today's Updates Greek fiscal crisis undermines euro The euro lost ground against the dollar and dropped to a record low against the Swiss franc this week on worries over Greece's fiscal crisis Quantitative easing does it, up to a point Though moves such as QE and the release of strategic oil stocks are highly effective, they are not sustainable German business confidence brightens Munich-based Ifo Institute reports a rise in its business climate index for the first time since February as companies shrug off worries about Greek debt crisis Greece's euro exit can now only be a matter of time A Greek debt default, however it is disguised, is a foregone conclusion but of more interest is the fate of the euro, writes Samuel Brittan Overview: Recovery and debt fears take toll Sharp rise in risk aversion boosts the dollar and US and German government bonds, while equities, gold and copper decline GLOBAL CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1247 GBP-USD 1.5960 GBP-AED 5.8609 GBP-AUD 1.5211 GBP-EGP 9.5314 GBP-BRL 2.5475 GBP-KWD 0.4392 GBP-NZD 0.5084 EUR-USD 1.4190 EUR-AED 5.2110 EUR-BRL 2.2650 USD-AED 3.6722 AUD-AED 0.2595 NZD-AUD 0.7733 NZD-USD 0.8114 NZD-EUR 0.5718 Please note the above are indication rates between the buy and sell side of the market at 7am on Sunday 26th of June 2011 Cristina Sanchez info@1casa.com 1casa.com  Call us from UK on  0843 207 86 32  From Spain 34 952 49 5509