Forex Bazaar

Today, the Euro fell against the US Dollar and the Japanese Yen due to rising concerns about the debt problems in the Eurozone. The single currency was also pushed lower after the Anglo Irish Bank’s downgrade debt report.

The greenback traded lower than the Japanese Yen and it was at its weakest since Japan’s government intervention in the currency market that happened almost two weeks ago.

Meanwhile, the Australian Dollar increased further versus the US Dollar, reaching its highest level in two years and being the second best performing currency out of 16 counterparts in the current quarter.