Forex

Euro declines most in 2012 on deepening turmoil in Spain, Greece

By Allison Bennett, Bloomberg | May 26, 2012

The euro had its biggest weekly loss since December against the dollar as Greece’s anti-bailout party gained in the polls.

Euro falls to 22-month low as German business confidence slides

By Anchalee Worrachate and Masaki Kondo, Bloomberg | May 24, 2012

The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.

Euro sinks to lowest since 2010 as stocks, commodities tumble

By Stephen Kirkland and David Yong, Bloomberg | May 23, 2012

The euro sank to an almost two-year low, while stocks and commodities tumbled, as European leaders prepared to meet in Brussels amid concern Greece will exit the currency union.

New Zealand dollar snaps six day losing streak

By Michael Boutros | May 21, 2012

The New Zealand dollar is the top performer against the greenback with an advance of 0.52% at the close of European trade.

Greek euro exit probably inevitable, says El-Erian

By Catarina Saraiva and Tom Keene, Bloomberg | May 21, 2012

Greece may have to exit the 17-nation euro and the monetary union should plan for it to ensure stability, according to Pacific Investment Management Co.’s Mohamed El-Erian.

Home sales, crude inventories, durable orders out this week

By Toni Hansen | May 21, 2012

The markets will be watching new home sales data for additional signs of life in the housing market, while crude inventories may sway commodity prices.