International Business Times

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Weaker euro zone economy sends dollar higher

Australian Dollar Outlook - 05/25/2012

Bell FX Currency Outlook: With worries a Greek exit would deepen the euro zone debt crisis and risk aversion continuing to mount this week, the Australian Dollar has continued track new lows.

By Christine Gaylican | 12:48 am | IBTimes AU

South Korea Market Outlook

South Korean shares rose Thursday as local institutions snapped up stocks on views that local stocks were undervalued that offset lingering concerns over the possible exit of Greece from the EuroZone.

By Paul A. Ebeling, Jnr. | 8:51 pm | LiveTradingNews

German Economy Hits the Skids

Key German business index down for 1st time in 6 months. A Key German economic indicator, the Ifo business climate index, fell for the 1st time in 6 months despite potential for increased exports, figures released Thursday showed.

By Paul A. Ebeling, Jnr. | 8:46 pm | LiveTradingNews

Data Disappoints in Europe, US

In economic news, the euro data was overwhelmingly negative, which interestingly enough did not propel the euro lower.

By Tyson Wright, Senior FX Trader | 3:52 pm | iMoneywire

Currencies and Commodities Creep Lower

In 2008, when the financial crisis was taking form, it was the US who sneezed and the world who caught a cold.

By Tyson Wright, Senior FX Trader | 3:50 pm | iMoneywire

Euro

Australian Dollar Outlook - 05/24/2012

Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European equities followed Asia's lead falling around 2.5%.

By Christine Gaylican | May 24 | IBTimes AU

Greek Exit

Euro Drops As Leaders Meet; France, Germany Split

As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management.

By Eric Linton | May 24 | IBTimes

US Treasury gives China direct access to buy US Bonds

In June 2011 the US Treasury Department granted the Chinese government direct-bidder status to purchase US Treasuries direct from the US government. All other central banks must purchase US Treasuries through primary dealers on Wall Street, which then place bids on their behalf at Treasury auctions.

By Paul A. Ebeling, Jnr. | May 23 | LiveTradingNews

BoJ Leaves Monetary Policies Unchanged; USD/JPY Drops

The Bank of Japan met during the 5/22 Asian session to discuss monetary policy. The market has been pricing in more stimulus even though Shirakawa had spoke again st it. The BoJ added 10 tillion yen to its asset purchase program last month to make it 40 trillion yen, but kept it there this month. The overnight lending rate was also left below 0.1%.

By Fan Yang | May 23 | FX Times

Euro Staggers with Worsening Greek Crises

Australian Dollar Outlook - 05/23/2012

Bell FX Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD.

By Christine Gaylican | May 23 | IBTimes AU

UK Inflation Cools Back to 3.0%, Another Step Closer to BoE’s 2.0% Target

Recent GBP-weakness has to do with the Bank of England putting QE and basically the idea of monetary stimulus back on the table. This was not a viable option when the inflation rate was above the target of 2.0%. However as Mervyn King mentioned in the latest dovish BoE Inflation report, inflation is slowing.

By Fan Yang | May 22 | FX Times

Rupee

Indian Rupee Falls To New Low, Sensex Drops 1 Percent

Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar.

By Sreeja VN | May 22 | IBTimes

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