DailyMarkets.com - EUR/USD Touches One-week Low

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• EUR/USD Touches One-week Low
• Pakistan Cuts Rate To Spur Lending, Better Inflation Outlook
• Russia Keeps Rate Steady, Says Inflation In Target Range
• Joel Thurtell Shames Poway, CA Financing
• Peru Holds Rate Steady, Says Inflation Rise Was Temporary
• Commodities Sold As China Exports Slump Sinks Sentiment, Boosts Dollar
• Central Bank News Link List – Aug 10, 2012

EUR/USD Touches One-week Low Posted: 10 Aug 2012 07:18 AM PDT 08/10/12 The euro extended weakness against the dollar, for the third consecutive session. Chinese data releases increased the odds of more monetary policy … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Pakistan Cuts Rate To Spur Lending, Better Inflation Outlook Posted: 10 Aug 2012 06:38 AM PDT     The central bank of Pakistan cut its policy rate by 150 basis points to 10.5 percent to boost private sector lending amidst an improving inflation outlook, even if it expected consumer prices to exceed the bank’s target for the 2013 fiscal year.     The State Bank of Pakistan (SBP) said the inflation rate eased to 9.6 percent in July from 11.3 percent in June, but this was due to temporary factors, such as lower oil prices and a large cut in administered gas prices. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Russia Keeps Rate Steady, Says Inflation In Target Range Posted: 10 Aug 2012 05:15 AM PDT     The central bank of Russia kept its key refinancing rate unchanged at 8.0 percent, saying that inflation remains within its target range despite a recent uptick.     The Bank of Russia said the rise in inflation to an estimated 5.7 percent annual rate by August 6 was due to a planned increase in regulated prices and higher food prices.     “The worsening of the food market conditions in Russia and globally as well as the downward revision of this year’s crop … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Joel Thurtell Shames Poway, CA Financing Posted: 10 Aug 2012 04:56 AM PDT Do not discount the lengths to which some will go to satisfy a perceived current need while screwing future generations with an exorbitant — dare I say usurious — bill. Just another day atop Capitol Hill, you think? No, for this scandalous behavior let's navigate to Poway, California where town leaders recently utilized a capital appreciation bond to finance selected school operations. How do capital appreciation bonds work? Well if you wanted any evidence as to the ignorance of the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Peru Holds Rate Steady, Says Inflation Rise Was Temporary Posted: 10 Aug 2012 04:47 AM PDT     The Central Reserve Bank of Peru (BCRB) held its policy reference rate steady at 4.25 percent, as expected, saying the recent rise in inflation was merely temporary and the economy was growing close to its potential rate.     “Moreover, uncertainty remains in international financial markets, which is being reflected in the decline of terms of trade and in prospects of lower growth in both developed and emerging countries,” the central bank said in a statement following a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Commodities Sold As China Exports Slump Sinks Sentiment, Boosts Dollar Posted: 10 Aug 2012 03:49 AM PDT Talking Points Crude Oil, Copper Follow Stocks Lower on Chinese Exports Slump Gold and Silver Fall as Haven Flows Boost Demand for US Dollar Commodity prices are on the downswing as risk appetite evaporates amid economic slowdown fears after Chinese export growth slowed to the weakest in six months. Overseas sales added 1 percent in the year to July, falling short of economists' expectations for an 8 percent increase. New Loans dropped to CNY540.1 billion over the same period, marking the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 10, 2012 Posted: 09 Aug 2012 04:51 AM PDT     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news Australia central bank hikes 2012 growth forecast (AFP)  Bank of Canada’s Carney says housing market starting to cool (Reuters) BOC’s Carney: May hike rate if growth “above … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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