Currencies
EUR/USD The euro was poised for the biggest monthly decline since September, before a sale of Italian debt tomorrow and data this week forecast to confirm that the prolonged debt crisis is hurting the region’s economy.The euro fell 0.1 percent to $1.2528 as of 11:48 a.m. in Tokyo from yesterday after touching $1.2496 on May 25, the lowest since July 6, 2010. It has lost 5.4 percent in May, set for the biggest monthly drop since September.
AUD/USD and NZD/USD The Australian and New Zealand dollars slid versus the majority of their major peers as concern Europe’s fiscal turmoil is spreading and hurting economic growth curbed demand for higher-yielding assets.Australia’s currency slid 0.2 percent to 98.33 U.S. cents, while New Zealand’s dollar dropped 0.3 percent to 76 U.S. cents.
EUR/JPY The 17-nation currency was 0.2 percent from the lowest since July 2010 after yield premiums on Spain’s securities over Germany’s rose to the most in 17 years.The euro traded at 99.56 yen after having lost 2 percent in the past five days to 99.67 yesterday.
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