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Pyry divests Oil and Gas business to increase focus

posted by Avatar emmypiu 356 days ago in GBP, Commodities made popular 355 days ago

PYRY PLC Company Announcement 6 June 2011 at 9.00 am Pyry PLC has sold the oil and gas competence line of its Energy business group to WS Atkins plc, UK. The total debt free sales price is EUR 17.25 million. Pyry's outlook for the full year 2011 ...  read more
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What Comes After the US Dollar's Demise

posted by Avatar emmypiu 359 days ago in USD, JPY

Given rampant inflation, combined with exchange restrictions and a serious lack of transparency, the yuan is simply not ready for primetime. The Japanese yen is the third amigo at the international fiat fiesta. While it doesn't suffer the structural ...  read more
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ISM Manufacturing Index Drops Sharply in May, Will Weaker USD or Risk-Off ...

posted by Avatar emmypiu 360 days ago in CHF, Economic Indicators made popular 360 days ago

That will make USD assets less attractive abroad when investors are searching for yield (especially among the safe-haven currencies of USD, CHF, and JPY). The USD extended its losses to the CHF and JPY after the ISM report, as it follows the very poor ...  read more
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Japanese Yen Flat as Investors Weigh Risk Sentiment

posted by Avatar emmypiu 361 days ago in JPY made popular 361 days ago

The yen suffers from Japan's economic concerns, while shifts in consumer sentiment have helped lift yen values against a number of its rivals. Last week's data, however, provided a ray of light which caused a secondary shift towards the yen for reasons ...  read more
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AUD/USD bullish at Asian open

posted by Avatar emmypiu 363 days ago in AUD

Aussie has spiked to levels above 1.0720 at the start of the Asian trade. AUD/USD opened the session at 1.0684 and climbed to 1.0723, recording a fresh 13-day high. At the time of writing, the pair is quoted at 1.0710, ...  read more
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Dollar Drops Versus Major Trade Partners on Speculation Recovery Faltering

posted by Avatar emmypiu 365 days ago in all made popular 365 days ago

The franc reached 1.2102 per euro yesterday, the strongest level since the shared currency's 1999 debut, amid speculation its strength won't prevent the Swiss National Bank from raising interest rates as the economy expands. It touched 84.65 centimes ...  read more
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US Dollar Unloved by Global Bond Managers With Eyes for Emerging Markets

posted by Avatar emmypiu 368 days ago in USD, CAD, AUD made popular 368 days ago

They expect overseas markets to lure investors over the next several years with faster economic growth, higher interest rates and healthier government finances than those in the US In the currency world, money goes to where it is treated the best, ...  read more
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Monday Interest Rate Brief

posted by Avatar emmypiu 369 days ago in USD, EUR, GBP, AUD, Economic Indicators made popular 369 days ago

Dealers reduced bets that the central bank would need to raise interest rates again and drove down implied yields by seven pips. Japanese bonds Japanese government bond futures expiring in June rose by 10 ticks to settle at 140.92 although some fear ...  read more
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Focus on Greece and BoE's inflation report

posted by Avatar emmypiu 381 days ago in GBP made popular 381 days ago

EUR/GBP (from SELL to NEUTRAL): We are not sure about the outcome of today's inflation report as well as the reception it will be given in the financial markets. We would have liked to see EUR/GBP reach 87 before today, but the bottom turned out to be ...  read more
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Greek Aid Rumors Causing Choppy Currency Markets

posted by Avatar emmypiu 382 days ago in USD, EUR, CAD made popular 382 days ago

By BBH FX Strategy 05/10/11 - 09:15 AM EDT NEW YORK (BBH FX Strategy) -- The dollar is mostly stronger this morning, with the exception of the Scandinavian currencies and CAD. EUR/USD is consolidating above the 1.43 level following rumors of a new deal ...  read more
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Negative focus on EUR

posted by Avatar emmypiu 382 days ago in EUR, CHF made popular 382 days ago

If the EUR crisis is 'forgotten' again, focus will be on the positive financial circumstances as well as the interest-rate spread, and we will see a slow-down of the trend and an upward counter-reaction will be seen EUR/CHF (SELL): We recommended SELL ...  read more
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Sterling rises, PPI data confirms inflation pressures

posted by Avatar emmypiu 386 days ago in USD, GBP made popular 386 days ago

Sterling rose against the dollar and the euro on Friday after UK producer price inflation slowed less than expected, keeping alive the Bank of England's dilemma of balancing higher inflation with patchy economic growth. ...  read more