The euro recovered some of the losses posted overnight against the dollar as trading got underway in Europe Monday, shaking off the dent from dollar strength driven by better-than-expected U.S. economic data and hawkish Federal Reserve comments at the end of last week.
Showing posts with label Reserve Bank of Australia. Show all posts
Showing posts with label Reserve Bank of Australia. Show all posts
November 05, 2013
May 06, 2012
Euro Drops as Slowing Growth and Elections Damp Demand
The euro slid versus the dollar by the most in almost a month and reached an 11-week low against the yen after further slowing in the region’s economies and before national elections that may result in leadership changes.
February 13, 2012
Wayne Swan Says Global Slowdown Affecting Australian Economy
Feb. 13 (Bloomberg) -- Australia’s economy, buoyed by demand from China for iron ore and coal, is feeling the impact of a global slowdown as employers defer hiring new workers on European uncertainty, Treasurer Wayne Swan said.
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