Eldridge Financial Review: Australia, N.Z. Dollars Fall as Euro Crisis Damps Demand
posted by andtahkeo 18 days ago under eldridge financial news, tom eldridge financial, eldridge financial blog, eldridge financial review-australia, n-z-dollars fall as euro crisis damps demand
Both Australian and New Zealand dollars fell against their U.S. opposite number and the yen as increased concern that Europe’s sovereign-debt crisis is worsening reduced demand for higher-yielding assets.
Aussie undermines against the yen stocks and a commodity drooping amid concern the global economic recovery is faltering for a third day. While the borrowing costs mounted up, New Zealand’s currency f Head of the U.S currency sales at Mizuho Financial Group Inc. in New York, Fabian Eliasson said that Europe has been quite a bit worse and Spain has become more focus. Commodity currencies occupy itself to a big fear in the market. » Eldridge Financial Review: Australia, N.Z. Dollars Fall as Euro Crisis Damps Demand |
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