Asian session: The dollar dropped
The euro rallied from a decade low against the yen, paring its biggest weekly drop since May, as the Group of 20 nations pledged a “strong and coordinated” response to challenges facing the global economy.
The 17-nation currency trimmed earlier gains against the U.S. dollar after Moody’s Investors Service lowered the credit ratings on eight Greek banks by two levels.
The Australian and New Zealand dollars rose as Asian stocks pared declines before meetings of the International Monetary Fund and World Bank.
Moody’s today downgraded the long-term deposit and senior debt ratings of eight rated Greek banks by two levels.
EUR/USD: on asian session the pair restored.
GBP/USD: on asian session the pair restored. USD/JPY: on asian session the pair holds Y76.20-Y76.35
Focus today is set squarely on G20 Meetings and FOMC Member Dudley Speaks.
After ECB President Trichet Speaks.