Euro bounces on Irish deal, but doubts abound

The embattled euro crept off two-month lows on Monday after European authorities tried to protect the region's financial stability by agreeing to lend debt-soaked Ireland 85 billion euros (USD115 billion).

Asian Currencies Have Weekly Drop on North Korea Attack, Europe Debt Woes

Asian currencies had their biggest weekly loss in six months as an exchange of artillery fire on the Korean peninsula deterred investment in the region and Europe’s debt crisis bolstered demand for dollars.

Japanese Yen Strengthens vs. Euro on Korean Conflict

The Japanese yen rose today against the euro after it declined previously as the United Nations called for the talks with North Korea about its attack on the South Korean island, supporting the Asian equities and reducing the demand for the haven.

Euro, Stocks, Commodities Fall on European Debt Concern

The euro snapped a three-day rally versus the dollar, stocks and commodities slid and Treasuries rose as Ireland’s financial bailout failed to assuage concern Europe’s debt crisis may spread. Banks led U.S. shares lower as federal agents searched hedge funds in an insider-trading probe.

Irish Bailout Undermines Demand for Pound

The Great Britain pound fell today as the talks about the anticipated bailout for Ireland undermined the demand for the currency as the safer asset. The decline hasn’t erased yesterday gains as the sterling surged on the yesterday’s session too high and attempted to continue its rally today before falling.

Aussie Gains on Outlook for Rates & Ireland’s Bailout

The Australia dollar rose today as the speculation about the possible bailout for Ireland increased demand for the higher-yielding assets, increasing the bets on the rates hike by the central bank.

PRECIOUS METALS - European Morning View - Gold finds background support, vulnerable short-term

Investors continued to reduce their risk exposure Friday as EU debt jitters resurfaced and speculation of further monetary tightening by China intensified following much higher than anticipated inflation data earlier in the week. Equities closed broadly lower with the Dow down 0.8 percent and S&P500 1.2 percent, posting their first weekly declines in 5-weeks. Commodities posted even steeper declines with sugar tumbling almost 12 percent; silver 5.4 percent and oil, gold and copper off around 3 percent; the CRB Index saw its largest one-day decline in 19-months, down almost 3.6 percent by the close.

Yen Rebounds After Previous Decline as China May Cool Economy

The Japanese yen rose today, before returning to the opening level, on the speculation that the accelerating inflation in China would prompt the government to take steps to cool the economy.

China Govt Econ Attacks Fed's Q.E., Warns Dlr Fall To Hurt

A Chinese government economist has lashed out at the Federal Reserve's latest quantitative easing move, arguing that an influx of more dollar liquidity into the world economy will threaten its recovery, trigger currency wars and flood emerging markets with inflationary inflows.

Canada’s Dollar Gains as Oil Prices Rises

The Canadian dollar gained today against its US counterpart as oil, the main nation’s export, advanced and on the speculation that the quantitative easing by the Federal Reserve would weaken the US currency. The loonie also rose versus the euro.