Euro was a little higher earlier as some hope for joint euro bonds was floated. However, a press conference with three European leaders today scuttled that hope and sent the euro lower in Forex trading.

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Read the rest of Merkel, Sarkozy and Monti Comments Sink Euro (146 words)

Great Britain pound may be down against the US dollar today, and down against the Japanese yen, but it is up against the euro. Sterling is lower against the dollar and yen on risk aversion, but, in terms of European currencies, it appears to be taking the safe haven designation.

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Read the rest of UK Pound Down Against Dollar, But Strengthening Against Euro (158 words)

The Brazilian real fell today, while yesterday it was at the seven-week low, as the report showed that China’s manufacturing is slowing.(...)
Read the rest of Brazilian Real Drops on China’s Manufacturing (92 words)

Japanese yen is gaining against the euro and the pound as eurozone troubles continue. Additionally, the yen is getting a boost as Asian companies cut their earnings outlooks.

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The US dollar rose today as the German bond auction could be considered a disaster, fueling fears of the European debt contagion, while the US economy showed the signs of recovery.(...)
Read the rest of US Dollar Rises as German Auction Confirmed Problems of EU (139 words)