The U.S. dollar regained some ground versus major rivals in otherwise range-bound action Wednesday, boosted by safe-haven flows as U.S. equities faltered.
“The market is vexed with uncertainty and uncertainty is one of the main ingredients of a range-bound market,” said Jessica Hoversen, a Chicago-based currency strategist at MF Global Research, in a strategy note.
“Today’s trade [...]
The EUR/USD rejection from 1.4300 resistance has continued in the American session with the pair collapsing below 1.4150 level and falling towards yesterday’s low at 1.4135. Currently the pair has fallen 0.70% so far today from opening price to the current 1.4140/50.
Valeria Bednarik, collaborator, comments: “After failing to break the 1.4300 zone, pair has accelerated [...]
A U.K. parliamentary report asserts that the government will struggle to achieve its goal of tens of billions of pounds in efficiency savings, raising fresh doubts about its deficit-reduction plans.
The report, penned by the all-party Treasury Select Committee and published early Tuesday, said future savings would require a major change in approach.
The savings program is [...]
Brazil posted a foreign trade surplus of $653 million in the fourth week of July, the Trade and Development Ministry said Monday.
In the July 20-26 period, exports totaled $3.424 billion while imports were $2.771 billion. Year-earlier figures weren’t provided.
With the new July figures, Brazil’s year-to-date trade surplus totaled $16.79 billion, up from $14.7 billion in [...]
Greek bank lending to businesses and households grew at a 7.6% annual rate in June, continuing its slowdown and falling below the Greek government’s target rate for 2009.
Overall lending to businesses rose at a rate of 8.8% in June, while lending to households rose 6.2%, according to statistics released by the Bank of Greece Monday,
Combined, [...]
The pace of consumer inflation in Brazil’s largest city, Sao Paulo, picked up in the four weeks ended July 23, as key categories accelerated in the period, the Fipe research foundation said Monday.
Fipe, which is affiliated with the University of Sao Paulo, said its consumer price index rose 0.27% in the period, compared with a [...]
Lending to the euro-zone’s private sector cooled further in June, and money-supply growth declined to the slowest rate in the area’s history, highlighting severe financing strains for companies and households.
The annual growth rate of private-sector loans eased to 1.5% in June from 1.8% in May, data from the European Central Bank showed Monday.
That is a [...]
European stocks rally seen during last two weeks has extended on Monday on investors confidence on the strength of the global economic recovery which has prompted them to put more money into equities. Euro and Pound have returned to levels close to last week highs.
Eurostoxx 50 Index adds 0.80%, while German Dax Index gains 0.65%, [...]
China Development Bank Hong Kong Retail CNY Bond Coupon 2.45% -Source
China Development Bank HK Retail Yuan Bond Coupon 2.4%-Source” published at 0533 GMT misstated the coupon rate in the headline and first paragraph. The correct version follows:)
China Development Bank Corp. set a coupon of 2.45% on the retail portion of its two-year yuan-denominated bonds to [...]
Asian share markets were higher Monday on hopes for further earnings recovery, with the Nikkei 225 nosing over the 10,000 mark for the first time since July 1. Brokerage and bank stocks were rising in Tokyo.
The Nikkei was up 1.8% at 10,122.13 points with Australia’s S&P/ASX 200 up 1.1% and South Korea’s Kospi Composite 1.2% [...]
