Currency News

FXstreet.com: Fundamental

Crude shrugs bearish API figures on China demand (Wed, 10 Mar 2010)
Asian Market Update: Strong China export numbers revive risk appetite after disappointing Australia home financing data; Crude shrugs bearish API figures on China demand ECONOMIC DATA - (NZ) NEW ZEALAND Q4 TERMS OF TRADE: 5.7% V 1.2%e (biggest increase since Q1 of 1995) - (AU) Australia MAR Westpac Consumer Confidence: 0.2% v -2.6% prior - (JP) JAPAN JAN MACHINE ORDERS M/M: -3.7% V -3.5%E, Y/Y: -1.1% V -0.6%E (highest since Jun 2008) - (JP) JAPAN FEB DOMESTIC CGPI M/M: 0.1% V 0.1%E, Y/Y: -1.5%
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Debt Concerns and Downbeat Data Are Clouding Economic Recovery in Europe (Wed, 10 Mar 2010)
Still the economic conditions in Europe are shaky amid the turbulences resulting from the global downturn that affected small as well as major economies. After the improvement seen in the third quarter last year, recovery started to loose momentum with the scale back of stimulus measures that boosted economies by giving a lift to growth. In the euro zone, there is no data from the whole block but important news to be released from the largest economies in the zone. In Germany, trade balance
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The European Union Trap (Wed, 10 Mar 2010)
Let's start with the conclusion to today's Outside the Box: "The underlying principle flows from the financial balance approach: the domestic private sector and the government sector cannot both deleverage at the same time unless a trade surplus can be achieved and sustained. Yet the whole world cannot run a trade surplus. More specific to the current predicament, we remain hard pressed to identify which nations or regions of the remainder of the world are prepared to become consistently
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Latvian unemployment has continued to rise (Wed, 10 Mar 2010)
Review Latvian unemployment has continued to rise . The increase was actually larger than expected, but the retreat of the Latvian economy should come as no surprise. The keel-haul will continue. Hungarian industrial production surged. To our great surprise the figure jumped by 8.8% in seasonally and work day adjusted terms. At the same time Czech inflation was lower than expected, which reinforces our view of continued low Czech rates. Political strife in Iceland. The rejection of the Icesave
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Grinding Action at Overbought (Wed, 10 Mar 2010)
Mike Paulenoff, On the S&P 500's Vulnerability (MPTrader.com) Our 20-25 day cycle work on the S&P 500 shows that from Mar 2009 to the end of Dec 2009 the SPX made near-term lows just about every 20-22 days. However, after the Jan low, the next price low on Feb 5 occurred on the 25th day, which started a powerful advance that remains in progress as we speak -- and already has spanned 20 days without any sign of price weakness (yet). If the year-long cycle work remains reliable, then
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DailyFX

USD Graphic Rewind 03.10 (Wed, 10 Mar 2010)
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USD/JPY Classical 03.10 (Wed, 10 Mar 2010)
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USD/CHF Classical 03.10 (Wed, 10 Mar 2010)
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USD/CAD Classical 03.10 (Wed, 10 Mar 2010)
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NZD/USD Classical 03.10 (Wed, 10 Mar 2010)
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FT.com - Currency Markets News and Data

Disappointing data weigh on sterling (Tue, 09 Mar 2010)
Sterling lost ground on Tuesday as disappointing economic data and renewed concern over the UK's banking sector and fiscal health weighed on the pound
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Beijing still keen to buy US bonds (Tue, 09 Mar 2010)
China's investments in US Treasury bonds are continuing 'every day' and should not be politicised, according to the head of China's foreign exchange administration, which manages $2,400bn in forex reserves
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Wide trade gap hits recovery hopes (Tue, 09 Mar 2010)
The UK's trade deficit with the rest of the world reached its widest since August 2008 in January as exports dropped sharply, hitting hopes that the weak pound can deliver an export-driven recovery
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Rising confidence dents dollar (Mon, 08 Mar 2010)
Support for risk appetite weighed on haven demand for the US currency
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Trading in forward renminbi surges (Mon, 08 Mar 2010)
Jump follows talk of China currency's peg to the dollar being cut
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Commodity Online Forex Reports

Korea money supply rate down in Jan (Wed, 10 Mar 2010)
South Korea s central bank the Bank of Korea on Wednesday announced that L money supply the broadest measure of money supply in the country rose 10.6% on a yearly basis in January slower than the 11.4% growth in the previous month.
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Aussie closes higher (Wed, 10 Mar 2010)
The Australian dollar hit highs against a range of currencies on Wednesday including record peaks on the euro burnished by a sturdy domestic economy that is benefiting from solid Chinese demand.
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Yuan eases against dollar (Wed, 10 Mar 2010)
Chinese yuan eased from a 2 day high against the dollar during Asian deals on Wednesday after a report showed that China's trade surplus halved in February.
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Taiwan dollar rises against dollar (Wed, 10 Mar 2010)
Taiwan s currency the Taiwanese dollar rose to a one month high against its US counterpart Wednesday after overseas investors increased holdings of the island's shares and the government reported a fourth straight gain in exports.
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Greenback falls in Asian trade (Wed, 10 Mar 2010)
The dollar was steady in Asia Wednesday as traders took to the sidelines ahead of US and Chinese economic reports due this week.
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World News Headlines

Financial Times - World

Europe cries foul over US defence tender (Tue, 09 Mar 2010)
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair ­competition
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Call for action on speculation rules (Tue, 09 Mar 2010)
Germany and France are stepping up pressure for urgent EU action to tighten regulation in sovereign debt markets – in particular of credit default swaps – in the wake of the Greek crisis
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China export growth beats estimates (Wed, 10 Mar 2010)
Chinese exports rose 45.7 per cent in February from the same month a year earlier, beating forecasts and providing fresh evidence of a robust recovery in an economy poised to overtake Japan
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Senators eye pre-funded resolution authority (Wed, 10 Mar 2010)
Senators in the banking committee have agreed in principle to a partially pre-funded ‘resolution authority’ to wind down a failing bank holding company, favouring a structure that would levy a $50bn charge on the industry
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India’s tribes in land fight with business (Tue, 09 Mar 2010)
Long-neglected indigenous animist groups have upset the plans of corporate giants as battles over forcible acquisition of agricultural land for industry rage across India
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