DailyMarkets.com - Malaysia Holds Rate, To Keep Policy While Inflation Low

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• Malaysia Holds Rate, To Keep Policy While Inflation Low
• Forex Trading: Concerns Regarding US Economy Leads To Losses For USD
• More Overbought Warnings From BoAML

Malaysia Holds Rate, To Keep Policy While Inflation Low Posted: 31 Jan 2013 03:08 AM PST     Malaysia’s central bank kept its benchmark Overnight Policy Rate (OPR) steady at 3.0 percent, as widely expected, saying its policy stance remains supportive of growth while inflation is contained.     Bank Negara Malaysia (BNM), which has held its policy rate unchanged since June 2011, said data showed that the domestic economy had expanded at a robust pace in the fourth quarter of 2012, driven by sustained domestic consumption and investments with some improvement in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Forex Trading: Concerns Regarding US Economy Leads To Losses For USD Posted: 31 Jan 2013 12:13 AM PST Concerns Regarding US Economy Leads to Losses for USD The US dollar took losses against several of its main currency rivals yesterday, amid concerns regarding the US economic recovery, highlighted by a worse than expected Advance GDP figure. Meanwhile, the euro extended its bullish trend, as positive signs out of the EU banking sector encouraged investors to shift their funds to riskier assets. Today, investors will be paying attention to news out of both the EU and US. The German Unemployment … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

More Overbought Warnings From BoAML Posted: 29 Jan 2013 12:47 AM PST Just as BoAML strategist Michael Hartnett trumpeted his Great Rotation into equities investment theme which postulated that under-invested individuals and institutions would rotate from bonds into stocks, his colleague FX strategist Richard Cochinos made a tactical call against the risk-on trade (via Business Insider): “Bottom line,” Cochinos writes, “Several indicators are calling for a risk correction. USD selling has reached previous reversion levels and greater buy-backs are to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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