DailyMarkets.com - Euro Hits 4-month High Versus Dollar

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• Euro Hits 4-month High Versus Dollar
• Markets Higher On German Court Ruling
• BOE, ECB Extend Swap Lines For Another Year
• Ghana Leaves Policy Rate Steady, Risks Evenly Balanced

Euro Hits 4-month High Versus Dollar Posted: 12 Sep 2012 08:00 AM PDT 09/12/12 Following the approval of the new euro zone rescue fund and budget pact by Germany’s Constitutional Court, the euro surged to trade at 4-month high levels against the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Markets Higher On German Court Ruling Posted: 12 Sep 2012 07:59 AM PDT 09/12/12 Global markets were trading higher Wednesday morning after Germany’s Constitutional Court approved the euro zone rescue fund and bailout … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

BOE, ECB Extend Swap Lines For Another Year Posted: 12 Sep 2012 07:35 AM PDT     The Bank of England (BOE) and the European Central Bank (ECB) have extended their temporary reciprocal swap agreements for another year, until Sept. 30, 2013.     The swap line was set up in December 2010 to enable the ECB to provide sterling funds to euro area banks. If requested, the BOE would provide the ECB with sterling in exchange for euros up to a limit of 10 billion pounds.    The swap line was initially authorised until September 2011 and then extended … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Ghana Leaves Policy Rate Steady, Risks Evenly Balanced Posted: 12 Sep 2012 07:17 AM PDT     The Bank of Ghana (BOG) left its policy rate unchanged at 15 percent, as expected, saying the risks to inflation and growth were evenly balanced.     The central bank of Ghana, which has raised interest rates by 250 basis points this year to contain inflation, said those rate increases and other measures to tighten liquidity had yielded positive effects and some stability had been achieved on the exchange rate front.     “The challenge is to sustain the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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