The euro rose to the
strongest level in almost two weeks as Greece™s government was said to
retreat from a demand for a debt writedown, boosting optimism the region
won™t face a renewed crisis.
Australia™s dollar
tumbled to the weakest level since May 2009 after the Reserve Bank of
Australia joined a growing number of central banks that are boosting
monetary stimulus to address slowing economic growth and inflation.
Denmark™s central bank sold a record amount of kroner last month to
protect its peg to the shared currency, while Russia™s ruble gained.
The 19-nation euro
gained 1.1 percent to $1.1470 at 12:05 p.m. New York time, after
slumping last month to the weakest level since 2003. The currency added
1.1 percent to 134.58 yen.
The euro advanced
versus most of its major peers after Greece™s Finance Minister Yanis
Varoufakis outlined plans to swap some Greek debt owned by the European
Central Bank and the European Financial Stability Facility for new
securities, according to a person who attended the meeting and asked not
to be identified because they weren™t authorized to speak publicly.
Source : Bloomberg
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