Joined Nov 11, 2007
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The Euro Falls on a Rift Between The Bundesbank and the ECB Bond Plan

“The euro fell for a second day versus the dollar after Germany’s Bundesbank stepped up criticism of proposals that the European Central Bank buy government bonds to quell the region’s debt crisis.

Europe’s shared currency slid from withing 0.6 percent of a six-week high versus the yen and declined against most of its major peers as comments from the German central bank highlighted divisions over how to end the turmoil. The euro rose earlier after Spiegel magazine reported the ECB’s governing council is considering setting yield limits on euro-region bonds. The Australian dollar climbed as stock gains boosted demand for higher-yielding assets.”

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