The euro surged 1.1 percent, poised for its biggest daily jump in eight months, after European leaders agreed on Friday to emergency action to lower borrowing costs of Italy and Spain and to create a single supervisory body for euro area banks. A summit

The impact of exchange-rate variations on Brazil's regulated prices has diminished in recent periods with changes in price re-adjustment practices in the country, Central Bank Economic Policy Director Carlos Hamilton said Thursday. Speaking following the

After testing the 1.2745 zone throughout the last week and falling almost 245 pips from that level to break 1.2500 key number and trade close to the 1.2400 today, there is still room for additional declines in the EUR/USD taking the lack of decision from

The Australian dollar rose to a one-week high against its U.S. counterpart on Thursday, as market sentiment remained supported by Wednesday’s positive U.S. economic data, but investors were cautious as a key European summit was due to begin. AUD/USD hit

The euro gained against the dollar as European Union leaders reached an agreement that alleviated concern banks will fail and spurred optimism they are closer to resolving the region’s sovereign-debt crisis. The dollar fell against all its major

The ringgit is likely to see rangebound trading next week as investors anticipate a positive outcome from the European Union Leaders' Summit which began Thursday, dealers said. They said leaders would work out financial packages to inject assistance into

The U.S. dollar was higher against the yen on Friday, as market sentiment was boosted by news that European leaders agreed on new measures to tackle the region's financial troubles, while renewed expectations for fresh easing measures by Japan weighed on

The agreement reached by European leaders after hours of deliberation at the EU Summit in Brussels in early hours on Friday morning led to lifting the euro above $1.26. The deal creates more flexibility to the euro zone bailout fund, which is the

The euro has jumped higher against its major trading counterparts, including the Japanese yen this Friday in the Asia-Pacific after European Union officials said they seek to establish a single financial supervisor for the zone.

For more on this

The pound trimmed losses against the U.S. dollar on Thursday, following remarks by German Finance Minister Wolfgang Schäuble, but market sentiment remained cautious ahead of a keenly anticipated European Union summit. GBP/USD pulled back from 1.5526, the

The yen gained against all its major counterparts amid economic data that added to signs Europe’s debt crisis is damping global growth, supporting demand for refuge assets. The euro extended its second weekly drop as French President Francois Hollande

Germany’s CPI, the preliminary release for June, "is expected to show prices fell -0.1% MoM," said Adrian Foster, analyst at rabobank. "If realized, this will be the second straight fall (-0.2% MoM in April) and will see the YoY rate ease to 2.1% from

The euro slipped to it lowest in more than two weeks against the dollar on Tuesday as Spanish bond yields rose and hopes faded that a European summit would make progress in resolving the region's debt crisis. But further losses could be limited ahead of