EuroThe euro fell against its major counterparts on Forex today, as the investors preferred not buy the government bonds of the semi-troubled EZ countries.
The Eurozone single currency slid to a new record low against the Swiss franc and declined for a second day against the US dollar. The currency also fell to the lowest level against the Great Britain pound since May.
And here we all thought that the global economy actually depended on the United States and the solid status of the dollar as a reserve currency. It may come as a shock to you to find out that we’ve actually been the problem all along. In fact, we’re essentially little more than ticks on the Bichon Frise of global finances. And what more reliable source for such thoughtful analysis than… Vladimir Putin?
The New Zealand dollar reached a new historical maximum against its North American counterpart and grew against some other world currencies today, as the US debt ceiling agreement spurred demand for high-yielding assets.
The kiwi (which is how the NZD is often called) renewed its historical maximums versus the US dollar and the euro today. It also reached a new high level in more than a year against the Japanese yen.
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