Australian Dollar Rally To Be Short-Lived,Euro Capped By 20-Day SMA

The Australian dollar outperformed against its currency counterparts on Thursday as the economic docket reinforced an improved outlook for the region,while the Euro slipped to a low of 1.3165 as fears surrounding the European debt crisis continued to weigh on market sentiment.

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Dollar Trades Near 15-Year Low Against Yen on Speculation Fed to Ease More

The dollar traded near its weakest level in 15 years against the yen before a U.S. housing report that may fuel speculation the Federal Reserve will take more credit-easing measures to revive economic growth.

The greenback was about two U.S. cents from an eight-month low versus the euro before data forecast to show housing starts . . . →Read More:Dollar Trades Near 15-Year Low Against Yen on Speculation Fed to Ease More

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