Spanish yields have creeped higher - above 7%, causing concern a further bailout may be required.
U.S and European equities finish trade higher
Greece likely to form coalition by tomorrow.
RBA Monetary policy minutes due for release at 11.30am
Read full report exchange rate today
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Spanish yields hit fresh high, yet equities staged another rally
Market commentator describes as "headline roulette"
U.S stocks optimistic of fed stimulus
Calderon positive G20 will make significant headway
Read full report at Exchange Rate Today
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Hi
For you Aussies out there, i have done a rates comparison over two weeks on the four big banks.
If you have foreign exchange exposures in your business, might be worth chekcing this out to see who the winner and the dollars you could be saving.
Foreign Exchange Rates Comparison
Risk trades appear to be rising in anticipation of further international stimulus in what continues to be a particularly stubborn and drawn out recovery.
"Leaders from the Group of Seven countries will hold a conference call to discuss the European debt crisis today ahead of the G-20 meeting next week. The Reserve Bank ofAustralia lowered its key interest rate today by 25 basis points to 3.5 percent, the lowest level since 2009. China’s insurance regulator said it will allow insurers’ to broaden their investment scope, and four Taiwan government-controlled funds bought stocks yesterday to help pare losses, according to the Taipei-based Commercial Times." - Bloomberg
Check out the full article here
Stay tuned for more information tomorrow morning on Bank Exchange Rate Blog
