From Currencies Direct blog, 5 months ago Similar articles
European finance minsters are struggling to finalise a plan to give extra money to the IMF, with the plan then to lend the money European governments. The hope was for ?200bn to be pledged by Euro Area governments plus money from those outside of the Euro including Britain and Sweden, but the amount committed so far is only ?150bn. Britain, quite rightly, feels since the IMF is a global institution any increase in funding should be global in nature and not confined just to European countries....
From Top Forex News, yesterday, Similar articles
The Canadian dollar had a pretty bad week as talks about the European debt crisis plagued the Forex market, driving traders away from riskier commodity currencies.(...)Read the rest of Bad Week for Loonie in Spite of Some Good News (150 words) Posted on Forex News.
From Top Forex News, 2 days ago, Similar articles
The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though.(...)Read the rest of Euro Drops to 4-Month Low, Closes Above Opening Level (137 words) Posted on Forex News.
From Top Forex News, 2 days ago, Similar articles
UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency. (...)Read the rest of Risk Appetite, Better Situation Help UK Pound (127 words) Posted...
From Top Forex News, 2 days ago, Similar articles
US dollar is lower today as risk appetite makes an appearance in the markets. As commodity prices rise, and equities see a bit of a reprieve from recent troubles, the greenback is pulling back. Concerns about Europe remain, but they are being trumped by other news — especially the imminent Facebook IPO. (...)Read the rest of US Dollar Lower as Risk Appetite Makes an Appearance (137 words) Posted on Forex News.
From Market Pulse FX, 3 days ago, Similar articles
This market needs to catch its breath after the selling pressure across currencies and the blood bath in equities this week. It can be rather monotonous to listen to the euphoric rants of the EUR bear. To date, it has been an unfair playing field. They have all the negative ammunition. For the bulls, it seems they have to wait for that squeeze going just a wee bit too far to the left. Risk markets, especially commodities, are very oversold after a dozen or more down days caught in a one...
From The PayPal blog, 3 days ago, Similar articles
?Open source is something every programmer should be doing,? said Simon Phipps, the renowned open source expert who kicked off our TechXploration speaker series with a bang Tuesday night. I had the pleasure of welcoming Simon and 60 technology enthusiasts to our event on the PayPal campus. This is the first of what will become an enduring monthly event, celebrating the latest technologies and thought leaders in Silicon Valley, and it was great to see people coming from as far as Oakland to...
From Top Forex News, 3 days ago, Similar articles
The Brazilian real rose today, but stayed near the 2 per dollar level as the impact of the European crisis on currencies of emerging markets sapped strength of the Brazilian currency.(...)Read the rest of Brazilian Real Rises, Stays Near 2 per Dollar (69 words) Posted on Forex News.
From Top Forex News, 3 days ago, Similar articles
Aussie is turning in a mixed performance today as choppy markets look for direction, and try to process all of the difficulties happening in the eurozone. On one hand, Aussie is lower against the US dollar as risk aversion makes an appearance. But, on the other, the Australia dollar is gaining against European currencies weighed down by difficulties. (...)Read the rest of Aussie Mixed in Choppy Trading...
From TorFX daily insight, 3 days ago, Similar articles
Over the past week ?700 million has been withdrawn from Greek banks as many investors are looking to transfer funds out of Greece Political leaders in Greece have failed to form a coalition government signalling fresh elections next month. Just over a week ago an inconclusive general election saw voters reject the established political parties in favour of anti-austerity movements on both sides of the political spectrum. Exit polls suggest that the leftwing SYRIZA party led by Alexis Tsipras,...
From Market Pulse FX, 4 days ago, Similar articles
Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When Capital markets eventually go for the Greek kill, euro policy makers will not have had the time to put in place a structure that allows Greece to leave in an orderly fashion. The potential exit of Greece from the Euro system over the next few months could have some catastrophic consequences. The stresses and strains...