currency round-up

is4profit Weekly Currency Roundup (13th July 2012)

For small businesses keeping an eye on how worldwide currency is performing, what’s affecting it and what to look out for, here’s the latest currency roundup for the week ending Friday the 13th July… The Euro This week has seen the Euro suffer record lows and big drops in confidence. On Monday the currency posted a two year low against the US Dollar and hit a three and a half year low against the British Pound. Worse-than-expected job figures out of the United States and a decline in China’s productivity saw investors flee to the safe haven currencies of the Dollar and Japanese Yen. The struggling currency also wasn’t helped by European leaders such as Mario Monti saying that Italy could be interested in using the Eurozone rescue funds. Fears of contagion continue to grow... »