Currencies

Euro Tumbles for Second Day on Concern Europe Is Divided on Aid to Greece The euro weakened for a second day against the dollar and yen in the longest stretches of decline in almost a month on concern Greece will fail to secure financial assistance from the European Union.

Brazil Real, Future Yields Plunge as `Politician' Meirelles Holds Rates Brazil interest-rate futures sank the most in nine months and the real fell after central bank President Henrique Meirelles held off raising borrowing costs ahead of his decision on whether to run for elected office.

Asian Currencies Fall, Led by Won, on Intervention Risk, Greece Concerns Asian currencies retreated from a 19-month high, led by South Korea’s won and the Taiwan dollar, on speculation central banks will seek to limit appreciation that may hurt exports.

Canadian Dollar Depreciates for First Time in March as Oil, Stocks Decline Canada’s dollar depreciated against its U.S. counterpart for the first time this month as crude oil, the nation’s biggest export, and stocks declined.

Mexico Peso Falls From 16-Month High on Concern Greece Aid May Fall Apart Mexico’s peso fell from a 16-month high on concern a European aid package for Greece may fall apart and derail global economic recovery.

Buy Chile's Peso as It Gains on Inflows After Quake, RBS Securities Says Investors should buy the Chilean peso through the non-deliverable forwards market, as the currency will gain on non-governmental dollar inflows after last month’s earthquake, RBS Securities Inc. said.

Canada Signals It Probably Won't Block Loonie's Move Toward Dollar Parity Canadian Prime Minister Stephen Harper’s government is shifting its rhetoric on the Canadian dollar and playing down concerns about the currency’s gains in a bid to brace companies and consumers for parity with the U.S. dollar.

Germany Seeks IMF Role for Greece in Reversal, CDU Lawmaker Meister Says Greece should turn to the International Monetary Fund if it needs aid, the chief finance spokesman for German Chancellor Angela Merkel’s party said, in a reversal that signals a rift with European leaders Jean-Claude Trichet, Jean-Claude Juncker and Nicolas Sarkozy.

Euro Optimism Coming to `Abrupt Halt' as Greece Strife Worsens, BNP Says The euro’s rebound versus the dollar is over as Germany becomes more reluctant to fund a bailout of Greece, according to analysts at BNP Paribas SA.

Euro May Keep Climbing, Approach $1.3840, SocGen Says: Technical Analysis The euro may advance against the dollar if it stays above so-called support levels including the March 15 low of $1.3640, Societe Generale SA said, citing technical indicators.

Conservatives Attack Brown on Deficit After BOE Makes Bond-Yield Comment Britain’s main opposition Conservative Party seized on comments by the Bank of England to attack the government’s handling of the public finances in the latest effort to win over voters by showing which party has the most credible economic policies.