Daily Currency News

Today's Updates  09/07/2011 Euro falls heavily as eurozone woes deepen The eurozone's developing crisis, with Italy's woes coming into sharp focus, leaves the euro struggling for footing this week Single currency left bruised Euro suffers after rating agency Moody's downgrades Portuguese government debt to junk status Risk assets slump on weak US jobs data Risk assets are sliding after eagerly anticipated US jobs data came in much weaker than expected. Spain and Italy risk being sucked in Investors acknowledge there is a growing risk that Spain and Italy will be sucked into the crisis, but they are deeply divided over how justified it is Echo of Reagan warning could rouse bond vigilantes Ronald Reagan in November 1983 issued a warning in a letter to then-Senate Majority Leader Howard H. Baker Jr. GLOBAL CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1254 GBP-USD 1.6056 GBP-AED 5.8983 GBP-AUD 1.4924 GBP-EGP 9.5535 GBP-BRL 2.5132 GBP-KWD 0.4399 GBP-NZD 0.5218 EUR-USD 1.4267 EUR-AED 5.2411 EUR-BRL 2.2331 USD-AED 3.6735 AUD-AED 0.2530 NZD-AUD 0.7787 NZD-USD 0.8378 NZD-EUR 0.5872 Please note the above are indication rates between the buy and sell side of the market at 7am on Saturday 9th of July 2011