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Forex Market Update | Mon Sep 6 09:01 2010 |
Economic News
Sep 6, 2010 U.S., Europe Growth Will Remain Weak – IMF's Blanchard
Economic growth in the U.S. and Europe will probably remain weak in the months ahead, despite better than expected growth in Europe in the June quarter, International Monetary Fund chief economist Olivier Blanchard told French daily Le Figaro. Full Article
Economic growth in the U.S. and Europe will probably remain weak in the months ahead, despite better than expected growth in Europe in the June quarter, International Monetary Fund chief economist Olivier Blanchard told French daily Le Figaro. Full Article
Sep 6, 2010 Eurozone Sentix Index Drops In September
Investor sentiment in the eurozone fell more than expected from its 30-month high in August, a survey by the Sentix research group showed on Monday. Full Article
Investor sentiment in the eurozone fell more than expected from its 30-month high in August, a survey by the Sentix research group showed on Monday. Full Article
Sep 6, 2010 HKMA's Chan: Banks May Share Mortgage Data From Next Year
Hong Kong banks are likely to share information about homebuyers' mortgage histories from next year, Hong Kong Monetary Authority chief executive Norman Chan told the Standard newspaper. Full Article
Hong Kong banks are likely to share information about homebuyers' mortgage histories from next year, Hong Kong Monetary Authority chief executive Norman Chan told the Standard newspaper. Full Article
Sep 6, 2010 Taiwan's Consumer Prices Slip On Low Vegetable Prices
Consumer prices in Taiwan declined for the first time in eight months in August, as prices of vegetables and fruits fell sharply on account of stable climate conditions, the Directorate General of Budget, Accounting and Statistics said Monday. Full Article
Consumer prices in Taiwan declined for the first time in eight months in August, as prices of vegetables and fruits fell sharply on account of stable climate conditions, the Directorate General of Budget, Accounting and Statistics said Monday. Full Article
Sep 6, 2010 Taiwan Central Bank Chief Calls For Exchange Rate Coordination In Asia
Capital mobility brings many benefits to an economy, but this can also create instability and worsen crisis, Taiwan central bank governor Fai-nan Perng wrote in an article released by the central bank on Monday. Full Article
Capital mobility brings many benefits to an economy, but this can also create instability and worsen crisis, Taiwan central bank governor Fai-nan Perng wrote in an article released by the central bank on Monday. Full Article
Forex Top Story
Sep 6, 2010 U.K. Manufacturing Output, Orders 'Hit Record High'
U.K. manufacturing output and orders were "buoyant" between July and September on the back of strong overseas demand, according to a new survey, suggesting growth in manufacturing output should at least continue into the next quarter. Full Article
U.K. manufacturing output and orders were "buoyant" between July and September on the back of strong overseas demand, according to a new survey, suggesting growth in manufacturing output should at least continue into the next quarter. Full Article
Sep 6, 2010 Households To Reduce Debt Significantly, BIS Says
Financial crises tend to be followed by a protracted period of debt reduction in the non-financial private sector, according to a report from the Basel, Switzerland-based Bank for International Settlements. Full Article
Financial crises tend to be followed by a protracted period of debt reduction in the non-financial private sector, according to a report from the Basel, Switzerland-based Bank for International Settlements. Full Article
Political News
Sep 6, 2010 Moldova Referendum For Direct Presidential Election Fails
A referendum that could have solved a one-and-a-half year-old political deadlock in Moldova, which could not elect a head of state for lack of parliamentary majority, has failed. Full Article
A referendum that could have solved a one-and-a-half year-old political deadlock in Moldova, which could not elect a head of state for lack of parliamentary majority, has failed. Full Article
Sep 6, 2010 Germany To Boost Life Of N-Reactors: Minister
German Environment Minister Norbert Roettgen announced on Sunday an ambitious plan to extend the lifespan of the country's 17 nuclear reactors by 12 years on average and in return the nuclear plant operators would have to pay part of their extra profits to fund the country's renewable projects. Full Article
German Environment Minister Norbert Roettgen announced on Sunday an ambitious plan to extend the lifespan of the country's 17 nuclear reactors by 12 years on average and in return the nuclear plant operators would have to pay part of their extra profits to fund the country's renewable projects. Full Article
Currency Alerts
Sep 6, 2010 British Pound Tumbles Against Majors
During early European deals on Monday, the British pound fell sharply against its major counterparts despite a rise in regional stocks. The pound fell to near a 6-week low against the euro and a 4-day low against the dollar and the yen. Full Article
During early European deals on Monday, the British pound fell sharply against its major counterparts despite a rise in regional stocks. The pound fell to near a 6-week low against the euro and a 4-day low against the dollar and the yen. Full Article
Sep 6, 2010 Euro Mixed Against Majors
The euro showed mixed trading against other major currencies in early European session on Monday. While the euro jumped to near a 6-week high against the pound, it weakened against the yen, dollar and the franc. The euro thus eased from near a 3-week high against the dollar. Full Article
The euro showed mixed trading against other major currencies in early European session on Monday. While the euro jumped to near a 6-week high against the pound, it weakened against the yen, dollar and the franc. The euro thus eased from near a 3-week high against the dollar. Full Article
Sep 6, 2010 New Zealand Dollar Surges Up To Near 4-week High Against Greenback
Monday morning in Asia, the New Zealand dollar soared against its major counterparts as Asian stocks climbed as a better-than-expected U.S. jobs data on Friday spurred investor sentiment. The NZ dollar jumped to near a 4-week high against the greenback and a 4-day high against the aussie. Full Article
Monday morning in Asia, the New Zealand dollar soared against its major counterparts as Asian stocks climbed as a better-than-expected U.S. jobs data on Friday spurred investor sentiment. The NZ dollar jumped to near a 4-week high against the greenback and a 4-day high against the aussie. Full Article
Sep 6, 2010 U.S. Dollar Plunges Against Major Rivals
The U.S. dollar traded lower against other major opponents during Asian trading on Monday as a better than expected U.S. August payrolls data released on Friday encouraged traders to buy higher-yielding assets. Full Article
The U.S. dollar traded lower against other major opponents during Asian trading on Monday as a better than expected U.S. August payrolls data released on Friday encouraged traders to buy higher-yielding assets. Full Article
General News
Sep 6, 2010 Dozens Killed In Guatemala Landslides
Weeks of heavy rain have triggered mudslides in Guatemala's mountainous terrain, killing at least 36 people, reports say. Full Article
Weeks of heavy rain have triggered mudslides in Guatemala's mountainous terrain, killing at least 36 people, reports say. Full Article
Sep 6, 2010 Vatican May Appeal Against Stoning In Iran Adultery Case
The Vatican is said to be considering issuing an appeal through diplomatic channels to Iran to commute the death sentence by stoning of an Iranian woman charged with adultery. Full Article
The Vatican is said to be considering issuing an appeal through diplomatic channels to Iran to commute the death sentence by stoning of an Iranian woman charged with adultery. Full Article
Sep 6, 2010 Pirates Attack Japanese Tanker Off Indonesian Island: IMB
A Japanese tanker was attacked by armed pirates off an Indonesian island in South China Sea and looted its cash but none of its 23-member crew was hurt, a global maritime watchdog said on Monday. Full Article
A Japanese tanker was attacked by armed pirates off an Indonesian island in South China Sea and looted its cash but none of its 23-member crew was hurt, a global maritime watchdog said on Monday. Full Article
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