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Euro currency at 3-week highThe euro currency rose to 1.2918 to the U.S. dollar, its highest since August 12, helped by Asian central banks (excluding Japan) converted U.S. dollars into euros. European shares trading was subdue... Hungary Surrender on Budget Gap Boosts Forint, BondsHungary bowed to pressure from the European Union and International Monetary Fund yesterday, giving up its three-month battle for a wider budget. The country’s currency and bonds rose. Hungary’s Surrender on Budget Gap May Boost ForintHungary gave up a three-month battle to widen its budget deficit, bowing to pressure from the European Union and International Monetary Fund in a move that may boost confidence in the country’s currency and bonds. Canadian Currency Declines Most in a Week as Equities, Crude Oil DecreaseCanada’s dollar fell the most in a week against its U.S. counterpart as global stocks and crude oil dropped amid concern Europe’s sovereign-debt crisis may worsen. Loonie gains after rate hikeThe currency climbed versus all 16 of its most-traded counterparts as the Bank of Canada lifted its target rate to 1% |
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