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Euro falls to more than 3-wk low as EU leaders meet  NEW YORK: The euro slipped against the dollar for a fourth straight day on Thursday and touched its lowest in more than three weeks as doubts persisted that a summit of European leaders will make progress in resolving the region's deepening debt crisis. But investors were reluctant to punish the euro further as expectations for the summit were already very low. Any surprise positive development could spark a short squeeze and give the euro zone common currency a lift, analysts said. A short squeeze is when those who bet against a currency or security are forced to buy to reduce losses when the market moves against their bets. "The fact that we're not lower than we are right now is partially because investors are still hesitant to put on any major positions on the off chance that we do get some kind of a surprise from Europe," said Omer Esiner, chief market analyst ...

Euro slips to 2-week lows on summit doubts  NEW YORK: The euro slipped to it lowest in more than two weeks against the dollar on Tuesday as Spanish bond yields rose and hopes faded that a European summit would make progress in resolving the region's debt crisis. But further losses could be limited ahead of the meeting, which takes place on Thursday and Friday, as expectations for it were already low, analysts say. An unexpected positive outcome could spur a short-squeeze in the euro ...
Mexico MEXICO CITY: Mexico's peso gained sharply against the dollar on Tuesday ahead of a summit of European leaders where investors hope policymakers will take concrete measures to tackle the region's debt problems. The peso gained as much as 1.26 percent to touch a session high at 13.7347 per US dollar. Copyright Reuters, 2012 ...
C$ sags as investors doubt Europe summit  TORONTO- Canada's dollar fell against its US counterpart on Monday and bond prices rose as global markets were rattled on investor fears policymakers at a European summit this week would make little progress in solving the region's debt crisis. The euro weakened broadly, global equities fell sharply and the US dollar and the price of North American government debt rose as investors sought safety ahead of the June 28-29 meeting of European Union leaders. On Monday, ...
India FX measures lift rupee from record low MUMBAI: The Indian rupee rallied on Monday on hopes for government measures to halt a slump in the currency, which hit a record low on Friday, with traders saying action to boost long-term foreign investment would be the most effective step. Finance Minister Pranab Mukherjee said at the weekend that India would unveil measures on Monday but gave no details. The fall in the rupee has mirrored a decline in economic growth to a nine-year low ...
C$ gains as stocks, commodities recover  TORONTO: The Canadian dollar eked out a small gain against its US counterpart on Friday and outperformed its G10 currency peers, as equity and oil prices recovered after a sharp sell-off the day before on global economic growth fears. Oil prices rebounded Friday from 18-month lows, while gold and base metals also eked out gains. "Commodity prices are a touch higher compared to where they were yesterday. It's helping the Canadian dollar today," said Charles St-Arnaud, an ...
Speculators pare long dollar bets in latest week  NEW YORK: Currency speculators pared their bets in favor of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $22.13 billion in the week ended June 19, from $38.77 billion the previous week. To be short a currency is to bet it will decline in value, while being long is a view its value will rise. The Reuters ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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