Reports that the US Treasury is preparing to announce today that it will let 10 US banks buy back government shares is helping boost risk appetite, which is benefitting likes of euro, sterling, aussie and canadian dollar.
Risk sentiment helped by reports 10 US banks to repay TARP
Source: www.forexlive.com
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Real money seen buying SEK
Not sure if this is a sign of anything more than a one-off flow, but traders say a large custodial bank is a high profile buyer of Swedish Krona today. Sweden has been in the spotlight in recent days given large exposures to Latvia by Swedish banks. Perhaps the SEK is a vote of confidence that the...
FOREX-Dollar up sharply, helped by Kudrin comments
By Jessica Mortimer LONDON, June 15 (Reuters) - The dollar rose broadly on Monday, boosted by comments from Russia's finance minister on the US currency and ... See all stories on this...
Blogging About Forex for 3 Years
Today is the 3rd anniversary of the EarnForex blog. 3 years ago I’ve made my first post (which was less than anything meaningful) to this blog. Many posts have been made since then and I hope that the quality of the content has also improved since 2006....
Dukascopy Morning Forex Overview - Sept 01 09
Previous session overview EURUSD has ended the month of August at high levels above 1.4330. This morning in Asia the Euro remained bid, climbing up to 1.4370 before the European open. This year’s high seen in July is not far away at 1.4440. Cable, which has underperformed in late August has...
Analyst Moves: PG, USG
Procter & Gamble (PG) was upgraded today by Bank of America/Merrill Lynch from neutral to buy with a $75 price target, as the company...