Euro vs Dollar 1.26 – Wall Street

Maintaining the rate of the European Central Bank to 1%, combined with the fear of contagion to other Greek countries continued, to weigh on the global stock markets and the Euro vs Dollar exchange rate. The crisis goes global. Wall Street loses 9%.

Peoples Bank of China Bonds Fall on Higher Reserve Ratio

Bloomberg BusinessWeek – China’s government bonds fell after the central bank announced this year’s third increase to bank reserve ratios over the weekend.