Euro gain more in eight months

The euro rose against dollar in the last eight months amid speculation traders who bets on its decline amid
Europe's soverign debt crisis had to buy back the currency as it strenghtened to a one week high.
Yen - the yen gained against all of its 16 major counter as MSCI world index of shares traded near the lowest since August and Reuters/Jefferies CRB index of 19 raw materials fell for a fourth straight last week.
A tremendous amount of risk has been taken off the table following gained strength.
The euro rose1.7% the large gain since september to $1.2570 from $1.2358 on May 14. It fell to  $1.2144
on May 19 before rebounding on May 23 to as much as $1.2672 the highest. The shared currency dropped
1.1% to 113.13yen,its fourth consecutive decline from 114.38.

Asian Stocks decline big in the One year

Asian stocks fall last dragging down the MSCI Asia pacific index rights from 2009 January following US joblessness and concern over Europe's debt crisis.
Risk Appetite- Honda motor Co.- a Japanese carmaker sank 6.4% in Tokyo.
Esprit holding ltd- having vast base in Europe, a clothier slid 8.9% in  Hong Kong.
Rio Tinto- Group a mining co. slumped 9.1% sydney as oil and metal price fell.
Sonic Health care Ltd.- fell 23% after cutting its profit forecast.
The MSCI Asia Pacific Index slipped 6.7% to 111.98 last week since Aug.2009
China's shanghai composite Index which entered a bear market as china increased steps to cool its property market sank 4.2% and Hong Kong's Hang Seng Index declines 3% in a holiday shortend week.
Japan's Nikke 225 stock average declined 6.5% over inflation fears.
Qantas Aiways Ltd- Australia's largest airline dropped 9.9% to A$2.38 in Sydney packing drops in consumer stocks.
Li and Fund ltd- the No.1 supplier for retailers slipped 2.3% to HK$34.35 in Hong Kong.
Stocks fall following US economic reports and a ban on naked short selling of certain securities imposed by Germany.