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.