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11.10.2011 17:26

American focus: euro is strengthening

The euro rose against the majority of its most-traded counterparts as Slovakian lawmakers prepared to vote on a proposal to retool the euro region’s bailout fund.

The 17-nation currency erased its decline versus the dollar as U.S. stocks reversed losses on third-quarter earnings optimism. The euro rallied yesterday the most in a year after Germany and France pledged to deliver a plan to support banks.

The pound weakened as U.K. manufacturing production contracted for a third month.

New Zealand’s dollar fell as the nation’s budget deficit was wider than forecast.

11.10.2011 16:43

U.S. stocks little changed

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  • Eurozone: Consumer Confidence, January -4.9
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