Archive for June, 2010

The Dodd-Frank Financial Fiasco
Wall Street Journal
Yet another false remedy is a new regulation for nonfinancial firms that use financial instruments to reduce risks of interest-rate or exchange-rate

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US groups urges Senate to reject China forex bill
Reuters
"We agree that China needs an exchange rate that better responds to global trade flows," the US-China Business Council and about two dozen other groups said

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Obama Says US Will Keep Up Pressure on China Over Currency
BusinessWeek
The People's Bank of China has allowed the yuan to gain 0.7 percent since saying on June 19 that it was resuming a flexible exchange rate to curb inflation

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Brazil Real Closes Stronger On Share Offerings, Europe
Wall Street Journal
The forex market also showed greater volatility as investors jockeyed to affect the exchange rate in their favor ahead of Wednesday's close-out of monthly

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TopNews United Kingdom (blog)
WORLD FOREX: Euro Up As Slack Demand For ECB Loans Soothes Concerns
Wall Street Journal
NEW YORK (Dow Jones)–The euro rose modestly against the dollar Wednesday as lower-than-expected demand for a
Daily Forex Analysis (July 01, 2010)Stock Markets Review
Forex: Optimistic Outlook of European Fiscal System Appreciates EuroForex Rate It! (blog)
FOREX-Euro rises 2 percent against the dollarReuters
Reuters
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TopNews Singapore (press release)
Canada Dollar Ends Lower As Soft GDP Data Add To Pressure
Wall Street Journal
might see some fairly choppy price action between C$1.0600 and C$1.0800 as the market tries to play the top of the range and sell US dollars," he said.
An Australian dollar omen?Business Spectator
The US Dollar's Strong Run May Be OverNuWire Investor
CANADA FX-C$ tilts lower on soft GDP data, bonds flatForex Pros

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Dollar Share of Global Reserves Declines, IMF Says
BusinessWeek
The IMF reports reserve holdings of US dollars, euros, pounds, yen and Swiss francs. The share of “other currencies” rose to 3.7 percent, from 3.1 percent

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Forex Options Markets Warn of Euro, US Dollar Volatility
Daily FX
Recent forex market moves have led to a sharp advance in forex options market volatility expectations, making short-term forecasts especially difficult and
United Kingdom Purchasing Manager Index Manufacturing falls to 57.5 in Jun from 58Forexrazor

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Reuters (press release)
Forex Update: US Dollar mostly higher after ADP Employment Report shows gain
CountingPips (blog)
By CountingPips.com The US dollar has been gaining against most of the major currencies today in the forex markets following the worse than expected ADP
US Dollar Direction Determined by ADP ReportInside Futures
US private sector employment rises less than expectedForex Pros

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IMF:Dollar's Share Of Global Forex Reserves Slips In 1Q
Wall Street Journal
NEW YORK -(Dow Jones)- The dollar's share of allocated global foreign exchange reserves slipped slightly in the

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