Monday, September 17, 2012

DailyMarkets.com - Forex Trading: Risk Taking Leads To Further Dollar Losses

DailyMarkets.com - Forex Trading: Risk Taking Leads To Further Dollar Losses

Forex Trading: Risk Taking Leads To Further Dollar Losses

Posted: 16 Sep 2012 11:59 PM PDT

Risk Taking Leads to Further Dollar Losses
The US dollar fell against most of its main currency rivals on Friday, a day after the Fed announced a new round of quantitative easing to stimulate growth in the US economy. The news led to risk taking among investors, who shifted their funds from safe-haven currencies like the greenback, to higher yielding ones like the euro and AUD. This week, traders will want to pay attention to a batch of euro-zone and US news. Tuesday’s German ZEW Economic … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Sept 17, 2012: RBA Says Up To 23 Central Banks Hold Australian Dollars

Posted: 16 Sep 2012 11:21 PM 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.

RBA says up to 23 central banks hold Australian dollar reserves (Bloomberg)
Brazil cuts reserve requirements to bolster credit (Reuters)
Bank of Italy sees economic recovery next year … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

India Keeps Rate Steady But Cuts CRR To Revive Growth

Posted: 16 Sep 2012 11:04 PM PDT

    The Reserve Bank of India (RBI) held its benchmark repurchase rate unchanged at 8.00 percent, as largely expected, but trimmed its Cash Reserve Ratio (CRR) by 25 basis points to 4.50 percent to help growth revive yet still maintain pressure on inflation.
     The cut in CRR will inject some 170 billion rupees into the banking system, the RBI said in its mid-quarter policy review.
    The RBI’s move comes on the heels of a flurry of reforms by the Indian … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hollande’s Nixon In China Moment?

Posted: 13 Sep 2012 12:33 AM PDT

The Germans have blinked. In the last few weeks, Angela Merkel’s acquiscence to more aid and more flexible aid terms for troubled eurozone countries have become clear. The Washington Post reports:
In both words and deeds, Merkel has in recent weeks signaled a willingness to embrace more-radical steps in the race to save the euro while sounding a more conciliatory note on the plight of Germany's troubled neighbors. Her newfound pragmatism, observers say, could prove decisive in resolving a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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