EURO rises on speculation Germany will signal aid for region

The euro rose from near a three- month low against the dollar on speculation German Chancellor Angela Merkel will signal Europe’s largest economy plans to take action to help avert the financial turmoil in the region.The euro snapped three days of losses against the dollar after Finance Minister Peer Steinbrueck said yesterday Germany would show its ability to act as some of the 16 countries that...

USD still favourite safe haven investment

The dollar headed for a weekly advance against the euro and British pound on speculation a U.S. package to end the recession will fall short, spurring demand for the relative safety of the greenback and U.S. Treasuries.The yen was set for its first weekly gain versus the dollar in three weeks on speculation Japanese investors will repatriate earnings from U.S. government bond payments. The U.S. currency...

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