The Bank of Uganda cut its new monetary policy interest rate (the central bank rate [CBR]) 100 basis points to 22.00% from 23.00%...
Bank of Uganda Cuts Interest Rate 100bps to 22.00%
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General Motors Sold Over 9 Million Cars in 2011, Global Market Share Rose To 11.9%
General Motors (NYSE:GM) reported that its global sales totaled more than 9M vehicles in 2011, a 7.6% gain compared with 2010. GM gained...
Monetary Policy Week in Review – 30 Oct 2011
The past week in monetary policy saw 15 central banks announce interest rate decisions. Those that increased interest rates were: India...
Real money active on latest dollar slide
Dealers note strong buying of cable from the 1.6550 level all the way up through 1.6600 and the pound remains underpinned.The demand seemed to come under duress, traders say. This means the buyer really wanted them cheaper but was forced to pay up to cover his exposure, just like us mere...
Dollar continues to weaken
as the story, mentioned in an earlier post, in this mornings UK Independent continues to gain momentum. Sterling close to breaking 1.6000, currently trading at 1.5995, Euro-dollar trading higher at 1.4725 and dollar-yen lower at 88.95. Gold on this dollar weakness looking to break...
USDJPY trades higher
USDJPY has overcome the offers at 97.50-60 to take out small stops above 97.60. Its still looking bid after the morning market seems to have got itself short trying to trigger sub 97.00 stops. Look for an attempt at 98.00 going into...