Euro Retreats From 9-Month High on Ireland Budget, Weaker Data – BusinessWeek

The euro has to take some notice of what is happening” in Europe … adding to evidence the recovery is faltering. The U.S. jobless rate was 9.6 percent for a third month, according to the median prediction of 80 economists surveyed by Bloomberg before t …

Dollar Trades Near Nine-Month Low Against Euro Before Jobs Data – BusinessWeek

Policy makers had already cut interest rates almost to zero and bought $1.7 trillion in securities. Retail sales in the 16-nation euro area advanced 0.1 percent in September from the prior month, when they fell 0.2 percent, according to a Bloomberg survey …

Greek Borrowing Costs Set to Drop After IMF Offer: Euro Credit – BusinessWeek

The IMF will extend terms of its loans as long as euro-region nations, which provided the bulk of the 110 … It has borrowed 29 billion euros from the European Union and IMF at a floating rate that is currently at about 5 percent and hasn’t sold fixed …

Ireland Relies on Cash Pile to Sidestep Greek Fate: Euro Credit – BusinessWeek

Oct. 11 (Bloomberg) — Ireland expects its 20 billion-euro ($28 billion) cash pile to stave off a Greek-style rescue, as the government taps the funds to avoid paying record rates to borrow. The government canceled next week’s debt auction and another …

Swedish Krona Jumps as Policy Maker Says Rates Should Increase – BusinessWeek

Swedish Krona Jumps as Policy Maker Says Rates Should Increase
BusinessWeek
krona rose the most in more than two weeks against the euro after the central bank signaled that it may increase interest rates in coming months.

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