UFDpoint

Tag: debt crisis

  • Euro falls down after Italy debt rating

    The euro came under pressure in Asia Wednesday after Moody’s downgraded Italy’s debt rating, fuelling worries over eurozone debt and the impact of a possible Greek default on the global economy. The euro fell to $1.3284 in Tokyo trade from $1.3338 in New York late Tuesday. The single currency also sagged to 101.82 yen from 102.14 yen. The…

  • Asian stocks edge up, euro stalls as caution prevails

    Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets. Oil and metals fell and the dollar rose as a rebound in riskier assets ran out of steam…