“The euro weakened for an eighth day against the dollar as Greek politicians struggled to form a new government, fueling concern the nation will leave Europe’s currency union.
The 17-nation euro extended its run of losses to the longest since September 2008 as Spain’s 10-year bond yields climbed back above 6 percent. The pound fell for a second day against the dollar as a report showed U.K. retail sales fell the most in more than a year. Australia’s dollar slid to within 0.6 percent of parity with the greenback after Prime Minister Julia Gillard said a planned budget surplus will allow the central bank to cut interest rates.”
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