Archive for July 5th, 2010

Greece Isn't Lost, Yet
Wall Street Journal
And, in most cases, exchange-rate adjustments—which euro-zone member Greece cannot use—were only minor. Greece's predicament is anything but a lost cause.

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Stock Watch
FOREX: The US dollar saw a quiet overnight session, due to a US holiday, which
Automated Trader
FOREX: The US dollar saw a quiet overnight session, due to a US holiday, which left the market listless. The dollar starts in Asia this morning marking
FOREX: The US dollar was nursing slight losses vs.Automated Trader
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Central Bank maintains interest rate
NEXT
The committee also observed that the naira exchange rate has remained stable in all segments of the market during the review period, reflecting increased

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FXstreet.com The Forex Market
Forex: AUD/USD closes the day slightly lower ahead of RBA decision
NASDAQ
FXstreet.com (Córdoba) – The US holiday has contributed to lack of volume and choppy trading in FX market. AUD/USD has finished the day slightly lower
Forex: AUD/USD consolidating around 0.8400NASDAQ
Forex: USD/CAD hits daily low at 1.0575NASDAQ
Forex: GBP/USD pull-down surpasses 1.5100FXstreet.com The Forex Market
NASDAQ
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Forex: EUR/JPY tests 109.80 support ahead of Nikkei
NASDAQ
FXstreet.com (Córdoba) – The pair has been trapped into a range on Monday limited to the upside by 110.40 (intraday high) and to the downside by 109.69
Forex: EUR/JPY consolidates around 110.00NASDAQ

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Greece's budget deficit dropped by 41% in first six months
Xinhua
from January to July 2010 dropped to 11.450 billion euros (14.357 billion US dollars) from 19.685 billion euros (24.683 billion US dollars) at the same

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China's IPOs expected to raise over 500 bln yuan in 2010: says PwC
Xinhua
BEIJING, July 5 (Xinhua) — Chinese companies are expected to raise over 500 billion yuan (73.8 billion US dollars) through initial public offerings (IPO)

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The Guardian
Salary increase may cause inflation -MPC •As external reserves decline by $25
Nigerian Tribune
However, Sanusi said the MPR would remain unchanged at six per cent as a result of the stability in exchange rate and continuing under-performance of
MPC Warns Against Salary IncreaseNigeria Daily Independent

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Globe and Mail
Euro Worst to Come for Most-Accurate Analysts as TD Securities Sees Parity
Bloomberg
Nordea was the most-accurate forecaster for the euro-dollar exchange rate. “In March 2009, everybody was wondering whether we would get another Lehman,
Exchange rates: British Pound maintains weakness against EuroEconomy News
Currency exchange rates today: dollar becomes weaker as euro hinders bearish Ukrainian Globalist
Reserves managers sell dollar, buy euro in Q1Financial Post
Globe and Mail
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Globe and Mail
BP's oil clean-up costs exceed 3 billion US dollars
Xinhua
HOUSTON, July 5 (Xinhua) — British oil giant BP has spent more than 3 billion US dollars to clean up the massive oil spill in the Gulf of Mexico,
US resumes oil skimming after Hurricane AlexSydney Morning Herald
BP says US$3.12b spent on oil disasterChannel News Asia

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