DailyMarkets.com - Forex – Weekly Outlook: October 3-7

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Forex – Weekly Outlook: October 3-7 Posted: 02 Oct 2011 03:19 AM PDT Forexpros – The euro fell sharply against the U.S. dollar on Friday, as ongoing concerns over the debt crisis in the single currency bloc and an increasingly grim economic outlook saw the currency tumble more than 1.5%. Preliminary data on Friday showed that the rate of inflation in the euro zone unexpectedly accelerated to 3% in September, up from 2.5% the previous month. The data dampened expectations that the European Central Bank would lower borrowing costs in an attempt to support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Remember That The Endgame Is A Greek Default Posted: 30 Sep 2011 12:50 AM PDT So Germany’s Bundestag voted overwhelmingly to expand their contribution to an expanded EFSF to  €440 billion and German’s guarantee rises from  €123 billion to  €211 billion. While this step is constructive, it amounts to giving a terminal cancer patient a massage – the long-term results are still the same. Be careful about getting overly excited about the subsequent rally in risky assets. Damien Reece, writing in the Telegraph, believes that the vote only kicks the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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