Euro Rises Versus Most Peers as Stress Tests Ease Bank Concern

27
Oct

Latest news on the Euro comes from Bloomberg.

The euro rose versus most of its major peers after the results of European Central Bank stress tests eased concern that balance sheets at some of the region’s lenders were too weak.

The single currency held gains against the dollar even as the Ifo institute’s business climate index for Germany, the euro area’s biggest economy, fell for a sixth month. Brazil’s real was set to start with a “weak tone” after President Dilma Rousseff won a second term, according to Commerzbank AG. South Korea’s won gained along with regional stocks.

The euro added 0.2 percent to $1.2692 at 9:10 a.m. in London from Oct. 24. It slipped 0.1 percent to 136.86 yen after earlier touching 137.47, the most since Oct. 9. The dollar fell 0.3 percent to 107.83 yen.

The won gained 0.5 percent to close at 1,052.25 per dollar. The MSCI Asia Pacific Index (MXAP) of stocks added 0.5 percent.

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