The Euro fell below $1.30 against the Greenbacks for the first time in more than 10 weeks as investors shunned riskier assets amid speculation Europe’s debt crisis will broaden and as unemployment in the region touched a 12-year high.
The JPY reached its strongest level since 15th September versus the Euro amid speculation China will put in more effort to cool its economy. The CHF and Greenbacks also rose versus major peers as Portuguese, Italian and Spanish government bonds slumped, encouraging demand for a refuge, and data showed U.S. home-price increases rose less than forecast in September.
The JPY reached its strongest level since 15th September versus the Euro amid speculation China will put in more effort to cool its economy. The CHF and Greenbacks also rose versus major peers as Portuguese, Italian and Spanish government bonds slumped, encouraging demand for a refuge, and data showed U.S. home-price increases rose less than forecast in September.
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