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- US focus: Dollar suffers losses amid soaring US stocks, but rises versus other "save haven"
US focus: Dollar suffers losses amid soaring US stocks, but rises versus other "save haven"
The euro falls against the dollar amid resumed concern that Europe will fail to contain its sovereign-debt crisis.Earlier the euro soared in the wake of news that Italy and France will announce a naked short-selling ban after the close Thursday.
The Swiss franc continue falling after Swiss National Bank Deputy President Thomas Jordan was reported today to have said in an interview with Tages-Anzeiger that a temporary tie between the franc and the euro to curb the Swiss currency’s gains would be legal under the central bank’s mandate.
The pound strengthened against the dollar after U.K. Chancellor of the Exchequer George Osborne rebuffed opposition demands to review spending cuts as the euro- region’s debt woes roil stock markets around the world.
The yen sheds as higher Treasury yields make the dollar more attractive to Japanese investors.
The Australian dollar bounces back versus the dollar amid weakness of the latter. Earlier the Australian currency fell versus its New Zealand counterpart after a report showed the jobless rate unexpectedly rose.
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