Forex News
EUR/USD ANALYSIS
Opened early Europe at $1.3010 – EUR/USD closed in NY at $1.2999, after rate recovered off late NY pullback lows of $1.2988.
USD/JPY ANALYSIS
Opened in early Europe at Y77.97 and Y101.43 – USD/JPY continued to be ignored by the markets in Asia as the run up to the Xmas holiday continues.
Europe – still in search of the Holy Grail?
In what has become an extraordinarily quiet final period of 2011, there have been a number of developments that will leave their mark on financial markets for a long time to come.
Investor no interest in Greek assets
Investor interest in Greek assets being sold as part of the country’s privatizations plan are being met with “little or no interest”, a local website reported Tuesday, citing the head of Greece’s privatization agency.
Market wants to take a holiday, but will it be allowed to?
Markets are normally very thin during the last two weeks of the year, as many investors and hedge funds have more or less closed up shop for the year and a many are away from their desks on holiday. This year is no exception. And yet, while the majority of market participants might prefer to […]
UniCredit EEMEA Daily
News HU: Mixed – Econ committee submits eight changes to disputed central bank law (p1) PL: Mixed – Nov IP growth accelerates to 8.7% yoy / Nov PPI accelerated to 8.9% yoy (p2) RO: Positive – MinFin sells 1Y T-Bills RON 1.7bn (RON 1.3bn planned): avg. yield 6.55%, bid/cover 2.2 (p2)
Slow markets in Asia despite RBA minutes appearing less-dovish
It was another session of quiet musings for currency markets during the Asian session with very little to drive activity from either headlines or data. The highlight was the release of the minutes from the Reserve Bank of Australia’s December meeting which proved to be a tad more optimistic on the domestic front, and less-dovish […]
AUD/USD ANALYSIS
The Australian dollar inched slightly higher in Asia trade Tuesday, helped in part by minutes from the latest meeting of Australia’s central bank board. At its Dec. 6 policy meeting, when the Reserve Bank of Australia cut interest rates for the second straight month, the bank said that the relative strength of the local economy […]
Brazil’s Real continues to decline on continuing concern about Europe
Brazil’s real weakened against the dollar Monday as concern about the debt crisis in Europe continued to spur investors to buy dollars. The real weakened to BRL1.8653, from BRL1.8534 at the close Friday, according to Tullett Prebon via FactSet.
IMF doesn’t need the money from Greece
Greece, Ireland and Portugal will not be among the countries to chip in and provide the International Monetary Fund with bilateral loans of EUR200 billion to help support euro-zone states, the Greek Finance Ministry said Monday.
Greece talks
Talks between Greece and its private creditors over a planned debt exchange program have advanced, a local newspaper reports Monday, after the two sides reached a deal to apply U.K. law to new bonds issued by the Greek government.
Bad Loans in Spain
The bad debt ratio of Spains’s banking sector rose for the seventh consecutive month in October and hit a fresh 16-year high, data released Monday by the Bank of Spain showed.