Archive for July 27th, 2009

Key London Rate Falls to Record Low in Dollars, Pound
Wall Street Journal
LONDON — The cost of borrowing three-month US dollars in the London interbank market fell Monday to its lowest since the British Bankers'
Key US Dollar Libor Rate Falls To Record LowWall Street Journal

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Daily Mail
China Again Calls For US To Keep Stable Dollar FX Rate
Capital.gr (press release)
WASHINGTON -(Dow Jones)- China on Monday again called for the US to maintain a stable exchange rate for its currency as a
China 'Concerned' About Security of Its US Assets, Zhu SaysBloomberg

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China wants stable exchange rate to secure assets
Forbes
'We hope that the yuan/dollar exchange rate remains stable and we are focused on the security of China's investments in the US,' Assistant Finance Minister

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FOREX MARKETS TIRING WHILE WAITING FOR STOCK MARKET CORRECTION
ForexTV.com
The opening call in most Forex markets – with the exception of the Japanese Yen – was higher as European and Asian traders must have been anticipating a
Daily Forex Outlook – USD under pressure from risk takingEasy-Forex
Equity Markets to Dictate Forex DirectionFXstreet.com The Foreign Exchange Market
Yen Falls to 3-Week Low vs. DollarForexyard
Easy-Forex -Forexyard -Forexyard -FXstreet.com The Foreign Exchange Market
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Mexico's Carso net rises helped by forex gain
Reuters
MEXICO CITY, July 27 (Reuters) – Mexican conglomerate Grupo Carso posted on Monday a 57 percent rise in second-quarter net profit helped by foreign exchange

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Gold closes flat upon strong housing data
Xinhua
Gold price for August delivery rose 40 cents to finish at 953.50 US dollars an ounce. The US new home sales in June saw the fastest increase in almost nine

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Washington Post
China wants stable exchange rate to secu
London South East
'We hope that the yuan/dollar exchange rate remains stable and we are focused on the security of China's investments in the US,' Assistant Finance Minister
Experts: RMB should have stable forex rateCCTV
US, China Pledge to Sustain Stimulus, Rebalance World GrowthBloomberg
Q+A: What did 2 days of US-China talks accomplish?Reuters
NPR -Wall Street Pit -New York Times -China Daily
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WOOD-TV
Target 8: Larceny on the
WOOD-TV
In currency trading." The Witts say Nick Bos told them their money would be safe with a hot shot currency trader in Charleston, South Carolina,

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WORLD FOREX: Dollar Mostly Lower As Investors Favor Risk
Wall Street Journal
TORONTO (Dow Jones)–The dollar ended moderately lower against most rival currencies Monday as investors remained

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Reuters
China's Exchange Rate and Trade Balances
Wall Street Pit
My first observation is while the nominal USD/CNY had stabilized in recent months, the exchange rate that matters most for global imbalances,
The Currency of Trade BalancesWall Street Journal
ECONOMY: Trade Deficit Negates Stimulus SpendingGlobal Politician
Export UncertaintiesBeijing Review

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