The main news today again comes out of the euro zone, this time the approval of the expansion of the euro area rescue fund ? the EFSF ? by the German Bundestag, or the lower house of Parliament. The vote passed with 523 yes votes and 85 against, no 15 of Read More Germany Passes [...]
Posted in FX News | Tagged big, changes, drop, efsf, euro, germany, in, passes, shows, strengthens, unemployed
While the USD selling momentum continued overnight, it did not appear to be spectacularly so as major upside hurdles for a number of currencies remained intact. EURUSD had two attempts to breach the 1.3650 barrier but found it impenetrable as German Chancellor Merkel commented on the need for EU Treaty Read More China US Trade [...]
Posted in FX News | Tagged as, bickering, bill, china, chinaus, heats, house, passes, trade, up
Optimism about a global economic recovery as gains are spurred by surging profit at investment bank JPMorgan Chase & Co and a promising sales forecast from Intel. Read More Dow Jones passes 10000
Posted in FX News | Tagged 10000, dow, jones, passes
