Neither was I luv. Maybe I missed something? EUR/USD steady around 1.4935.
German FinMin spokeswoman says not aware of any plans for summit on currencies
Source: www.forexlive.com
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Not happy, Rio!
This article from the English version of the Xinhua newspaper shows just how upset the Chinese are at Rio pulling out of it’s agreed deal. Trust, once lost, is very difficult to regain and there may be wider repercussions for the Australian mining...
Philippine Stock Exchange Composite Index (PSEi): Uptrend Still Intact
The Philippine Stock Exchange Composite Index (PSEi), which is composed of thirty listed companies, bounced at the at the 3,881.34 level...
USD/JPY dipped lower in early European trade but runs into buy interest
USD/JPY dipped a little lower in early European trade to 98.28, but has run into decent buy interest from a U.S. investment bank, according to sources. The pairing is presently back up at...
The dollar reserve currency conundrum
With India purchasing of 200 tonnes of gold from the IMF for US$ 6.7 billion last week — a far cry from the 67 tonnes of gold that India had to humiliatingly pledge in 1991 to stave off an imminent forex crisis — the debate on the need to diversify the forex reserves of the surplus countries...
A few more comments hit the wires
More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk. US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks. EU’s Almunia says...