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Monday saw the dollars of Australia and New Zealand lose ground as damage inflicted by the sovereign debt scourge on Italy became clearer, published reports state. Bloomberg reports worries about the tumult in Italy began dwarfing those of Greece. Greek Prime Minister George Papandreou said he is leaving power, prompting the aussie's initial gain before… Read more.
South Pacific currencies dropped in value Monday, the first trading session following the Group of 20 meetings' adjournment in Paris after two days of meetings ended on Saturday, according to published reports. Bloomberg reports both the Australian and New Zealand dollars slipped but not as much as they could have due to Asian stocks resuming… Read more.
Officials with Group of 20 nations at the summit in France lent support to plans to resolve the sovereign debt crisis, which pulled down the Japanese yen, according to Bloomberg. As European stocks increased in value, safe-haven investment assets like the yen lost value to the dollar as the Japanese monetary unit approached its lowest… Read more.