Forex trading: Euro lifts, Italian bond yields ease
Forex trading grows more interesting as news rolls in from Italy, Greece, and the UK. Both the euro and British pound rose in Forex trading.
A woman stands in front of a screen displaying stock index outside a local bank in Hong Kong Monday, Nov. 28, 2011. Forex trading was boosted Monday by a robust start to the U.S. holiday shopping season and reports that European leaders are considering legal means to force debt-ridden euro countries into fiscal discipline. Hong Kong's Hang Seng rose 1.9 percent to 18,020.08 in the midday close.
Vincent Yu/AP
Euro leader talks lift the single currency and the British pound is rising, but the OECD is downbeat - it's time for your Forex trading fix.
Euro zone leaders are discussing a potentially groundbreaking new pact, and the euro is higher. [WSJ]
The euro was also lifted by a successful Belgian bond auction. [WSJ]
After an Italian newspaper said the IMF is in talks about an Italy aid package, the IMF denied it - but Italian bond yields eased anyway. [CNBC]
Moody's says the European crisis is threatening all sovereign debt ratings there, and several shocks may be needed to force a rescue plan. [CNBC]
Icap, the world's largest electronic forex trading platform, has been preparing for a possible breakup of the euro and testing its platform to trade the Greek drachma. [FT]
The British pound rose against the dollar, but remains vulnerable to expectations that the government will lower its growth forecast. [Reuters]
The Organization for Economic Cooperation and Development slashed its growth forecast, especially for the euro zone. [FT]