Forex: Wednesday’s review

Yesterday the euro fell to a two-week low against the dollar after the yield on 10-year bonds in Spain over 6% for the first time since September 18, and the central bank, said the EU's gross domestic product declined in the quarter, sparking concern that the debt crisis in region deteriorates.

The single currency weakened on the seventh day against the yen after the finance ministers of Germany, the Netherlands and Finland, said that the foundation of saving Europe should be given a limited role in the bank recapitalization.

The dollar and yen rose against most traded currencies on speculation that central banks around the world will struggle to revive growth, stimulating the demand for safe assets.

The Australian dollar fell against most currencies on concerns that political conflict will impede attempts to resolve the debt crisis in Europe, which has undermined demand for riskier assets. Rates fell $ 1.0366, after earlier fell to its lowest level since September 11.

British pound showed an increase against the U.S. dollar after a study of retail trade in Britain showed a positive result. In September, retailers reported increased sales, predicting positive momentum in the next month, as announced the Confederation of British Industry. According to the study CBI, based on information collected during the first two weeks of this month, 33% of retailers reported an increase in sales compared to the index registered in the previous year, while 27% reported a drop in sales. Thus, the balance amounted to 6, in line with analysts' forecasts. Value is also improved compared to the previous month, when the balance reached 3%.