Forex World Currency Exchange Rates Euro Lower Against Major Currencies
June 29, 2010 |13:55 | Currency Rates By : Team X
The euro fell against all major currencies today while the yen gained or broke-even against them (see chart below for more details). The euro fell against all major currencies today, including .808 percent against the dollar (survey #1). On average, the euro dropped .85 against the dollar (see average chart below).
Investors fear a liquidity shortfall when banks repay over €440 billion in one-year funds to the ECB on Thursday, according to one report. The euro fell to a new all-time low against the Swiss franc. The euro fell .361 percent against the Australian dollar, .710 against the Canadian dollar and 1.046 percent against the British Pound. The UK economy and.
The British Sterling are in better shape than the rest of Europe. The pound gained against most currencies except the Swiss franc. Last week the Bank of England released a Financial Stability Report that indicated that UK banks have raised their capital and liquidity buffers substantially.
While investors worry about the euro, the pound acts as a safe haven. The statement mentioned that while UK banks face challenges ahead, there will likely be larger “buffers of capital and liquidity to meet more demanding future regulatory requirements”.The Aussie dollar lost against most currencies except for the euro. The Australian currency lost .899 percent against the Swiss franc, .688 against the British pound and .445 against the U.S. dollar. See the charts below for more details.
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