Joined Nov 11, 2007
31,929 Blog Posts

The Euro Ticks Higher as the German Court Says They Will Not Postpone Ruling

“The euro rose to the highest in almost four months versus the dollar after Germany’s top constitutional court said it will proceed with a ruling on the country’s role in the European permanent bailout fund.

The dollar fell to the lowest in almost six weeks against the yen before the Federal Reservestarts a two-day meeting tomorrow amid speculation it will buy bonds to boost the economy in a third round of so-called quantitative easing. New Zealand’s dollar strengthened against all of its 16 major peers as Fitch Ratings affirmed the nation’s AA rating. The zloty led gains among emerging-market currencies versus the dollar after JPMorgan Chase & Co. raised its view on the Polish currency.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter