Focus on Eurozone

Renewed pressure on euro as the single currency falls to 15-month low versus pound and nears decade low versus yen as investor focus returns to eurozone debt. Risk appetite drives the ‘loonie’ strength of the Canadian dollar, which is now C$1.32 to the euro, is correlated to firmness in growth-focused assets, particularly commodities.

Asian shares lose ground on Europe fears. Stocks stumbled, led by financials and exporters, as investors shifted their focus back to Europe’s debt crisis.

India woos foreign capital to regain lost sheen widening the investor base has been welcomed but few analysts expect to see immediate results. SNB publishes ethical code after currency trades. Political storm over the transactions conducted by Kashya Hildebrand, former foreign
exchange trader married to central bank chairman.