Euro reaches ten-year low

Euro reaches ten-year low

Euro reaches ten-year low against the yen, Italy passes budget cuts »

The euro has fallen against the yen to the lowest it's been in ten years and the lowest it's been to the U.S. dollar in nearly 12 months as the European Central Bank lent a record-setting amount of money to regional banks in order to keep credit active, according to Bloomberg.
Wed, December 28, 2011 | 03:38 PM EST
Crude futures fall, but Iran threatens to stop oil exports »

As oil prices fell below $100 a barrel on Wednesday, the euro retreated to an 11-month low against the U.S. dollar after the drop in short-term Italian borrowing costs faded, according to Reuters affecting trading the forex markets
Wed, December 28, 2011 | 01:54 PM EST
Japan making deals, agrees to currency swap with India »

According to a Japanese official working in New Delhi, India and Japan have agreed to a $15 billion currency swap, a move which is expected to help the struggling Indian rupee, the worst-performing currency in Asia this year, Reuters reports.
Wed, December 28, 2011 | 11:46 AM EST
Yen gains against euro and dollar »

As the yen gained for the fourth day in a row against the U.S. dollar and euro, the debt crisis in Europe spawned a demand for safer assets after the Obama administration criticized Japan for intervening in the currency market and as many analysts reported slowing economic growth,