Major Market Update The euro was less than 0.1 percent from - TopicsExpress

Major Market Update The euro was less than 0.1 percent from its highest in 3 1/2 months before European Central Bank executive board member Benoit Coeure speaks as expectations for lower benchmark interest rates in the region decline. The Canadian dollar rose to its highest point in almost three years versus its Australian counterpart as traders speculated the North American economy will lead global growth. Australia’s dollar rebounded from the lowest level in almost three years as a technical indicator signaled recent selling was overdone. 09935028511 The won strengthened, snapping a two-day decline, on speculation that exporters are taking advantage of the South Korean currency’s slide to a two-month low to repatriate overseas income. Government bonds fell. The yen rose the most in three years against the dollar as the Bank of Japan refrained from adding more stimulus measures that tend to weaken a currency.

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