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Sunday, December 28, 2014

Euro Approaches Two-Year Low on Greece Early Election Concern

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:31 PM No comments


The euro traded 0.1 percent from a two-year low as Greece™s prime minister attempts to get his presidential candidate confirmed and avoid an early parliamentary election that risks severing the nation™s international lifeline.
The currencies of Australia and New Zealand fell after data showed industrial profits dropped in China, the South Pacific nations™ biggest trading partner. The yen weakened for a second day amid speculation Japan™s central bank will introduce more currency-depreciating stimulus to revive growth.
The euro fell 0.1 percent to $1.2176 as of 9:15 a.m. Tokyo time. It depreciated to $1.2165 on Dec. 23, the weakest level since August 2012. The yen slipped to 120.44 against the greenback, from 120.31 on Dec. 26.
Australia™s dollar declined 0.1 percent to 81.13 U.S. cents. New Zealand™s currency fell 0.2 percent to 77.47 cents.
Source: Bloomberg

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