1Casa Daily Currency News

Today's Updates Euro stabilises in volatile trade The euro regains some poise but remains on the defensive against the dollar as concerns over Greece's debt problems continue to weigh on the single currency Dollar seen losing global reserve status Currency will be replaced by basket system over the next quarter of a century, reserve managers have predicted Pound's woes underline fears over UK debt exposure It is likely to take a positive surprise in Tuesday's UK growth numbers to change the current fortunes of the pound Yen influx into Brazil set to grow Japanese retail investors are set to pour $45bn into Brazil over the next twelve months, boosting the country's already overvalued currency and increasing pressure on local exporters, says investment bank Nomura Libya guns for the right sort of gold The timely accumulation of more than 140 tonnes of gold reserves by the Central Bank of Libya shows smart forward planning. But the high transaction costs for physical gold leads one to question it as a hedge against real risks in today's world, says John Dizard.  Cristina Sanchez info@1casa.com 1casa.com  Call us from UK on 0843 207 86 32  From Spain 952 49 5509