Currencies
Currencies News
Chavez Risks Backlash After Venezuela Devalues Bolivar 32%
Venezuela devalued its currency for the fifth time in nine years, a move that may undermine support for ailing President Hugo Chavez and his allies ahead of possible elections later this year.
Euro Declines the Most Since July Amid ECB Inflation Concern
The euro declined the most since July versus the dollar after European Central Bank President Mario Draghi said a strong currency could slow the region’s economic recovery, lifting bets the bank may lower interest rates.