Foreign Exchange Markets

China presses developed world on policy after G20

China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after...

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Gold shines as records smashed

Sunday, November 08, 2009 LONDON: Gold prices struck a series of record highs this week, eventually spiking above $1,100 for the first time, as Asian central banks snapped up the precious metal as an alternative to the dollar....

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No $ panic yet, watch for $1.60 in euro

NEW YORK: The death knell for the dollar has been sounded many a time in recent years, but its weakness has still not alarmed investors. Questions now focus on how much further the dollar can fall before investors flee U.S....

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Stress in credit, money markets has abated: CBO

MUSCAT -- The oil and gas sector continues to play a predominant role in the overall economic performance of Oman accounting for over 50 per cent of nominal gross domestic product (GDP), almost 80 per cent of net fiscal revenue...

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Weekly FX roundup: Dollar drops as stocks climb

The Greenback had a disappointing week, dropping against all major currencies. Latest data released on Friday showed unemployment rising to a 26-year high of 10.2%, thus preventing risk appetite as stock continued to climb...

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Dollar Gains Slightly as Unemployment Rises

Dollar Gains Slightly as Unemployment Rises Risk appetence suffered a cogent appulse appear the end of this week’s affair afterwards both U.S. and Canada appear austere application figures, banishment investors to yield added...

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The Mighty, Messy Power of Europe

How the financial crisis could leave Europe even stronger than America. A June report from a Moscow think tank close to the Kremlin described Europe as weak in the face of Russian might, and last year's U.S. National...

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Big California bank fails, has China branches (Reuters)

Reuters - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.

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The 1 in 40 chance that the pound in your pocket is a fake

The figure, revealed by the Treasury, represents £37million – or 2.52 per cent of the total £1.4billion in the market – and is part of an ‘upward trend’ in forgery. Six years ago, one per cent of pound coins were bogus.

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China risks bubbles with ‘Bernie Madoff data’

by William Pesek on Sunday, 08 November 2009 It’s as provocative an argument as an economist can make: China is stealing jobs. The idea that China is siphoning prosperity from other poor nations using an undervalued currency...

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