FXstreet.com (Barcelona) - Dollar decline from 85.85 high on Friday extended on Tuesday to a fresh 15-year low at 83.60, where the pair found support to ...See all stories on this topic »
Forex: USD/JPY rebound from 83.60 low extends to 84.90
Source: www.google.com
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Australian business conditions turn negative
The National Australia Bank monthly survey showed that business confidence is rising but this has yet to translate into improved trading conditions. The monthly survey fell 4 points to...
Chinese Vice Foreign Minister: No one is talking about “dumping the dollar”
China’s Vice Foreign Minister He Yafel says China has no intention of abandoning the dollar. Speaking at a news briefing on President Hu Jintao’s forthcoming trip to Russia, where he will attend an inaugural summit of the BRIC countries, He Yafel said that the idea of a super-sovereign...
Analyst Moves: TEVA, TRI
Teva Pharmaceutical (TEVA) was downgraded today by Morgan Stanley (MS) from overweight to equal-weight with a price target of $47, as the...
EUR/GBP retains bid; sell orders noted
EUR/GBP sits at .8585, retaining it’s earlier bid-tone. As mentioned previously a large hedge fund has been a notable buyer of the cross today. Sources now report option-related sell orders lying up at .8590/00. I’d hazard a guess they’ll also be some stop loss buy orders...
Chinese banker wants Yuan debt markets developed
Guo Shuqing is chairman of the China Construction Bank and former head of China’s foreign exchange administration. He is quoted in this Reuters report as calling for mutual cooperation between the US and China in developing China’s financial markets and in ensuring that the Yuan becomes...