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Greek Default Fears Temper Asian Markets, Euro
Asian markets edged up on Tuesday even as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum and the euro eased on renewed fears of a messy debt default.
By Chikako Mogi | 04:08 GMT | Reuters
Australian Dollar Outlook - 02/07/2012
Bell FX Currency Outlook: Australia: The AUD continued to hold firm overnight despite weaker offshore equity markets and no progress from the Greek political parties.
By Christine Gaylican | 23:02 GMT | IBTimes AU
Past, Present and Future.. Central Banks Decisions
During a speech before the House Budget Committee held by Ben Bernanke in Washington this past week, the Federal Reserve Chairman stated the importance of pushing the US fiscal policy on a sustainable path. "Interest rates can sour quickly if investors lose confidence in the ability of the government its fiscal policy," he pointed out.
08:21 GMT | FXEmpire
India’s Forex Reserves Add $673.4M, Total Holdings Now at $293.93B
The foreign exchange reserves of India, the world's fourth largest economy, added $673.4 million for the week ended Jan 27, placing the country's total foreign exchange reserves now at $293.93 billion, latest data from the Reserve Bank of India (RBI) showed.
By Esther Tanquintic-Misa | Feb 06 | IBTimes AU
Australian Dollar Outlook - 02/06/2012
Bell FX Currency Outlook: The Australian Dollar rallied again on Friday night as stronger than expected US data saw investors continue to build long positions in commodity currencies.
By Christine Gaylican | Feb 05 | IBTimes AU
Australian Stock Market Leads - 6 February 2012
The optimism generated by the better-than-expected US jobs is seen to redound to the stock market. Analysts are bullish that Monday's trading will record some gains benefitting from the major averages posted by the Dow Jones Industrial Average, up 1.2% to close at 12862; the S&P climbed 1.5% at 1345; and the NASDAQ advanced 1.6% to end at 2906.
By Christine Gaylican | Feb 05 | IBTimes AU
Unemployment, Payroll Data Send Risk Assets Up: Daily Markets Wrap
Stocks and high-yield bonds rallied in U.S. markets Friday, after yet another round of positive economic data proved a boon to investors betting that the economy will improve at a faster rate than previously forecast.
By Eleazar David Meléndez | Feb 03 | IBTimes
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