une 7th, 2012
Currencies
EUR/USD The dollar was within 0.1 percent of a more than one-week low against the euro on bets Federal Reserve Chairman Ben S. Bernanke today may signal more stimulus is needed to spur a recovery in the world�s largest economy.
The dollar was little changed at $1.2580 per euro as of 10:38 a.m. in Tokyo from the close in New York yesterday, when it sank 1 percent and touched $1.2586, the weakest since May 28.
USD/CAD Canada�s dollar appreciated for a third day versus its U.S. counterpart, the longest streak since April, as speculation global policy makers will take steps to spur economic growth propelled equities and commodities.
Canada�s currency, nicknamed the loonie, rose 1 percent to C$1.0276 per U.S. dollar at 5 p.m. in Toronto, its biggest intraday move since April 17. One Canadian dollar buys 97.33 U.S. cents
USD/JPY The yen declined versus most of its 16 major counterparts as Asian stocks extended a global rally, damping demand for lower-yielding currencies.
The U.S. currency added 0.2 percent to 79.36 yen. The 17-nation euro rose 0.2 percent to 99.83 yen. The Australian dollar strengthened 0.2 percent to 99.50 U.S. cents.
http://blog.acfx.com/