mynameisandhy Posted January 9, 2012 Author Report Share Posted January 9, 2012 News and Review of European Economic Try to Keep Rally Euro Monday, January 9, 2012 The euro gained on the London session due to the rampant action of short-covering after the data give hope of improving the condition of Europe although analysts remain skeptical about the performance of the single European currency. German trade surplus rises and the French trade balance deficit decreased in November. European investor confidence index also increased to a level of -21.1, better than the previous prediction of -23.8 and -24.0 publications. The market is now waiting for the results of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to discuss the exciting efforts of economic activity and fiscal coordination details of the agreement in the euro-zone. "The weakening of the euro sharply lately too quickly so vulnerable to natural correction. Improved European economic data gave investors a reason to do short-covering, "said Rob Ryan, a strategic BNP Paribas. "However, it is difficult for the euro to a natural rebound sustained unless the economic prospects of significant improvements and naturally there is a solution to the debt problems of Europe. The euro could still weaken to $ 1.25 in the coming months." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2012 Author Report Share Posted January 10, 2012 News and Review of European Economic Zone (Switzerland) Thomas Jordan Will Become President of the SNB's New Tuesday, January 10, 2012 Swiss National Bank (SNB) SNB is now looking for a new president after the resignation of the governor Philipp Hildebrand as the Swiss central bank foreign exchange trading scandal committed by his wife. Hildebrand's wife, Kashya who is a former hedge fund trader has made a purchase of $ 418,000 dollars on August 15, three weeks before her own husband to intervene to limit appreciation of the currency swiss francs. Jean-Pierre Roth, former President of SNB before Hildebrand 2 years ago, says Hildebrand should reverse the transaction as soon as he realized his wife's actions, since a few days later, Hildebrand will change monetary policy that will affect the exchange rate of the Swiss franc. The Swiss government proposed SNB Vice President, Thomas Jordan who joined the SNB since 1997 who will become President of SNB temporary replacement. Jordan himself enjoys a better reputation, having headed the regulatory department of the SNB, and pushing UBS and Credit Suisse to strengthen their balance sheet. Jordan commented that he was ready to take on the task if the government did ask him, and still continue the SNB monetary policy to limit the ceiling of the exchange rate of euro against the Swiss franc at the level of 1.20. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2012 Author Report Share Posted January 10, 2012 News and Review of European Economic Zone Mining Stock Leads Resurrection Europe Tuesday, January 10, 2012 The majority of shares in major European bourses went higher on Tuesday, led by mining stocks, following positive earnings reports indicated aluminum producer Alcoa will increase demand for commodities. Despite the need to record losses, Alcoa's total revenues surpassed expectations, prompting the company raised the demand outlook for the next quarter as rising demand for metals in the aerospace and automotive markets. Britain's FTSE index had gained far more than 1.25%. Meanwhile, Germany's DAX index and France's CAC each recorded an increase of 2.75% and 2.8%. Furthermore, market sentiment seems to also encouraged by data showing China's trade surplus surges bamboo curtain country becomes 16.52 billion from sebelumnya14, 5 billion. The results of short-term bond auctions Greek who obtained strong demand is also capable of reducing anxiety in the market for a moment. Greece managed to sell? 1.625 billion in bonds tenured 6-month yield fell to around 4.9% from 4.95% previously. The sales figures surpassed sales targets? 1.25 billion set by the government. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2012 Author Report Share Posted January 10, 2012 News and Review of European Economic The euro strengthened, rising fears of debt held Tuesday, January 10, 2012 Euro steady against the dollar in session Tuesday, trading above the level of decline in the last 16 months in the previous day but the increase is hampered by concerns over sovereign debt crisis in the single currency bloc that continue to weigh on market sentiment. Market sentiment had improved after the start of earnings season is optimistic lift European equity markets and shore up the U.S. economic recovery prospects. But the debt crisis in the eurozone is still the focus, when German Chancellor Angela Merkel and President of the International Monetary Fund Christine Lagarde prepares for today's meeting, to discuss the bailout Greece. During the late morning trading in Europe, the euro strengthened against the U.S. dollar, with EUR / USD up 0.17 percent touched the 1.2781 level. Euro notes rise against the pound, with EUR / USD up 0.15 percent touched the 0.8270 level. The single currency also gained against the safe-haven yen mild, with EUR / JPY rose 0.19 percent touched the 98.27 level, after falling to as low as 11-year decline in the level of 97.26 on Monday. In addition, the euro remained stable against the Swiss franc, with EUR / USD edged up 0.04 percent to touch the level of 1.2126. Strengthening of the euro to the level of increase in the last three months and a half against the Swiss franc on Monday, after news of the resignation as chairman Phillip Hildebrand Swiss National Bank cast doubt on the ability of the central bank to keep interest rates 1.20 per euro. In contrast, the euro fell to its lowest against the Australian dollar and New Zealand, with EUR / USD fell 0.70 percent to touch the level of 1.2378 and EUR / USD down 0.78 percent touched the 1.6086 level. The euro also weakened against the Canadian dollar, with EUR / CAD down 0.48 percent traded at 1.3001. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 11, 2012 Author Report Share Posted January 11, 2012 News and Review of European Economic Number of European Banking Deposit ECB Still In Touch Record High Wednesday, January 11, 2012 European banks still seem to park the funds to the ECB monitored touch a new record at $ 625 billion figure. Rather than channel the ECB liquidity injection into the 523 banks in Europe prior to the financial system, many European banks instead of keeping funds at the ECB deposit facility. Conditions are still difficult for European banking, as the government urged banks to continue to provide loans to companies and individuals but at the same time the government asked the bank's capital increase of up to 114.7 billion euros in June at the latest. Whereas many companies in Europe has a high dependence on loans from the Bank, according to statements by President ECB, Mario Draghi. Quite a contrast with the companies in the U.S., which is more dependent on capital markets for financing, by selling bonds to investors. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 11, 2012 Author Report Share Posted January 11, 2012 News and Review of European Economic Fitch injures European Market Sentiment Wednesday, January 11, 2012 The majority of shares in major European bourses traded lower on Wednesday following the comments from the Fitch ratings agency urged the European Central Bank to increase the purchase of bonds in order to prevent the collapse of the Euro. Sentiment on the market today also surprised by the results of a German bond auction failed to meet sales targets? 4 billion after only able to sell about? 3.5 billion, with a yield of 0.9%. Talk about debt haircut Greece and Hungary fiscal conditions also hurt the market ahead of ECB policy meeting on Thursday tomorrow. In the UK, the FTSE index of about 0.55% moving into the lower end of the trading session on Wednesday. While the German DAX and French CAC each have to lose 0.1% and 0.05% so far. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 11, 2012 Author Report Share Posted January 11, 2012 News and Review of European Economic Europe Wants Anti-Recession Strategy Wednesday, January 11, 2012 European leaders will discuss ways to avoid a recession in the 27-nation bloc, said European Council President Herman Van Rompuy. "We must avoid a recession and muster all efforts to realize it," said Rompuy when attending events organized by the Dutch telecommunications company KPN. "We will discuss anti-recession strategy and this should include all the terms and effective." Rompuy see the importance of tight budgetary policy as a way out of crisis but the government appealed to avoid budget cuts that could be a force of economic recovery. Former Belgian Prime Minister also saw the condition of foreign exchange that will help Europe. "The development of the last euro exchange rate will help European exports," said Rompuy. Meanwhile, the euro weakened in the London session. EUR / USD is now trading 1.2754, 1.2790 daily stay away from high levels. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 12, 2012 Author Report Share Posted January 12, 2012 News and Review of European Economic Ahead of the release of important data, Euro Moves Narrow Thursday, January 12, 2012 European common currency is seen in the pattern of 'wait-and-see ", the euro traded in a narrow range ahead of the release of important data today include ECB interest rate decision, German inflation data and the results of the Italian and Spanish bond auction. While U.S. economic data releases including retail sales data and U.S. employment data released in the European trading session. The euro fell 0.09% to 1.2710 with the first resistance level at 1.2733 and 1.2819 (January 10 high level) and 1.2898 (low level of January 4) and 1.2946 (high level of January 5). While the support level at 1.2675, 1.2662 (January 11 low level) and 1.2642 (low level of 10 September) and 1.2625 (low levels of August 31). Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 12, 2012 Author Report Share Posted January 12, 2012 News and Economic Review Europe (Germany) German Final CPI +0.7% in December this Month Thursday, January 12, 2012 Consumer prices in Germany rose 0.7% in December and over 2.1% from a year earlier, data from the federal statistics office, Destatis, confirmed Thursday. The data, which confirmed preliminary estimates issued last month by Destatis, is in line with analyst expectations. The average for all of 2011, consumer prices rose 2.3%, up sharply from 1.1% in 2010 and 0.4% in 2009, but in line with analysts 'expectations' was published in December. The rise in consumer prices in the euro zone's biggest economy will renew pressure on the European Central Bank to control inflation, amid a wider economic downturn in many of the currency bloc. ECB target inflation rate close to, but below, 2%. It expects inflation this year, and has cut interest rates twice since November Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 12, 2012 Author Report Share Posted January 12, 2012 News and Review of European Economic Zone Ahead of the auction and the interest rates, a flat European markets dragged down retail stocks Thursday, January 12, 2012 Stock markets tend to be flat in Europe opened Thursday in the trading session as investors await auction bonds Spain and Italy and European Central Bank meeting. The Stoxx Europe 600 observed flat, at the level of 249.90, with shares of the retail sector was under pressure after shares of Tesco PLC expressed disappointment at holiday trading yesterday. Its shares plunged 10 percent, directing other retail stocks also struggled. With J Sainsbury PLC shares fell 5.4 percent and Wm. Morrison Supermarkets PLC fell 4 percent. While the shares of the Belgian Delhaize Group slumped 6.7 percent after it announced it would cut 5,000 of its workforce. Index majority stake in several European markets tend to be higher, only Britain's FTSE 100 index traded flat at levels observed 5,670.58, with shares of Royal Bank of Scotland Group PLC rose nearly 3 percent after announcing reorganizing 'wholesale banking'. While the German DAX 30 index gain 0.3 percent to a record level of 6,167.95 and the CAC 40 rose 0.5 percent to a level of 3,221.42. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 13, 2012 Author Report Share Posted January 13, 2012 News and Review of European Economic Try the Italian auction Mute Attenuation Euro Friday, January 13, 2012 The euro rose 10 pips after Italy successfully sold bonds tenured three years. Madrid managed to collect funds? 4.75 billion, to achieve set targets upon the government? 3 to 4.75 billion. The cost of borrowing bonds also eased to as low as 4.83% better than the previous auction of 5.62%. However, the negative sentiment seemed to back eclipsed the single European currency as investors worried about the condition of Greece. Ta Nea newspaper report proposing a bill that Athens will be able to force all creditors to participate in the bond swap program that will reduce 50% of the value of Greek government bonds. It's definitely different from the initial agreement that show the program is voluntary. EUR / USD is now trading 1.2790, 1.2878 daily stay away from high-level Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 13, 2012 Author Report Share Posted January 13, 2012 News and Review of European Economic Zone (UK) Sterling Touch Point 2 Week Low vs. Euro Friday, January 13, 2012 Pound Sterling dropped to a 2-week lows against the euro on Friday as investors are more optimistic about the euro zone debt-related crisis while expectations of additional quantitative easing from the Bank of England actually weaken the pound sterling. Expectations for the euro zone debt situation improved after the Spanish and Italian bond auctions show that they are able to sell its bonds in an amount substantially. Italy is also expected to achieve the same results in this Friday, which should shore up sentiment in the euro currency further. In contrast with Sterling, sentiment is weak even after the British industrial production report yesterday raising fears that the UK can be sunk into recession and strengthen the BoE monetary easing further. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 13, 2012 Author Report Share Posted January 13, 2012 News and Review of European Economic European Trade Surplus Increased Friday, January 13, 2012 The increase in exports had helped the euro-zone trade surplus please register; is certainly good news because it can give hope Europe can avoid the worst economic slowdown. The trade surplus rose to? 6.9 billion in November, better than predicted? 700 million and previous publications? 500 million. Please register the euro-zone trade deficit is usually in the winter due to the high cost of imported energy and fuels. But the data did not show much change in imports, but exports rose 3.9%. These data are in line with previous publications that Germany and France show an increase in exports in November. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 16, 2012 Author Report Share Posted January 16, 2012 News and Review of European Economic Zone (UK) GBP / USD Up After Opening of Europe Monday, January 16, 2012 Although sterling has touched lows at 1.5235 at the time of the worst on Friday, has failed to close below the critical level at 1.5270, bringing some relief before Monday. In the morning, Rightmove House Price Index fell 0.8% in January, increasing 2.7% decline in print before and shows the progress of 0.4% in the last twelve months (previously +1.5%). This week will be crucial for the week ahead of inflation data cable, unemployment and retail sales will be released within this week. U.S. markets will be closed on Monday in connection with the day M. Luther King. At the time this story was written, the pair rose 0.05% at 1.5308, with resistance levels lie at 1.5410 (high-January 13) ahead of 1.5442 (10 day MA) and 1.5490 (high-January 11 ) and 1.5525 (high-January 6). On the other hand, breakthrough 1.5266 (Lower Bollinger) will open the door to 1.5234 (January 13 low) and 1.5190 (61.8% from 1.4228 to 1.6747) and 1.5125 (low-July 21 2010). Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 16, 2012 Author Report Share Posted January 16, 2012 News and Review of European Economic Zone (Greece) Greece Confident Bond Swap Agreement Reached to Monday, January 16, 2012 Prime Minister Lucas Papademos believes bond swap agreement will be reached in time. Athens seems to try to be optimistic as the outbreak of speculation default. Bond swap is an exchange program bond in which the creditor must be willing to lose 50% of the value of Greek bonds owned. Europe and the IMF has stressed the importance of bond swaps as a prerequisite to Athens get the next bailout funds. However, now hinggi negotiations with creditors have not reached an agreement. Charles Dallara, creditor representatives of Greece, express agreement must be reached by the end of this week to Athens get bailout funds before the bond matures in March. "There was a pause in negotiations bond swap. I'm sure a deal can be achieved in time," Papademos said on CNBC. Delegation of the European Union, IMF, and the ECB will visit Athens tomorrow to discuss the bailout package II worth? 130 billion. Papademos uttered the discussion will last for two to three weeks. Meanwhile, the euro strengthened at the London session. EUR / USD is now trading 1.2663, try to stay away from daily lows 1.2626 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 16, 2012 Author Report Share Posted January 16, 2012 News and Review of European Economic Zone (UK) Sterling slumped Point Near 18-Month Low Vs Dollar Monday, January 16, 2012 Sterling traded not far from the 18-month lows against the dollar on Monday, the possibility still depressed over the diminishing interest of the investors towards riskier assets after a downgrade of mass in a number of eurozone member states trigger the transfer of currency risk is high yielding. With the lack of UK economic data released on Monday, most analysts see the possibility GBPUSD performance is still influenced the development of the European zone situations. Drop in risk appetite could potentially drag the pound sterling weakened below the psychological level of 1.5270 & 1.5200. The technical intraday bias remains bearish targeting at least 1.5040 target these weeks, but still required penetration consistent & daily closing below 1.5270 area to trigger further bearish momentum. On the top side, closest resistance appears at 1.5405 area, turned back over the area should be able to change the bias to be bullish intraday strong possibility of testing the 1.5500 resistance. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 17, 2012 Author Report Share Posted January 17, 2012 News and Review of European Economic European stocks opened higher after China data Tuesday, January 17, 2012 European stock markets opened with strong gains on Tuesday after data growth better than expected from China supported sentiment. European Stoxx 600 Index rose 0.8% to 253, as shares of oil producer Afren PLC rallied 14% after the company announced a new oil discovery off the coast of Nigeria. German DAX 30 climbed 1.30% to 6300 and France's CAC-40 rose 0.9% to 3252. Britain's FTSE 100 rose 0.9% to 5708, supported by gains in Royal Bank of Scotland Group PLC RBS, whose shares rallied 4.7% after the bank said it will sell aviation unit approximately $ 7.3 billion. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 17, 2012 Author Report Share Posted January 17, 2012 News and Review of European Economic Zone Ignore Downgrade, European Stock Gains Tuesday, January 17, 2012 European stock markets gained in opening trade on Tuesday (17 / 1) continue the rally in trading yesterday, Investors downgrade Europe aside and respond to Chinese data in the fourth quarter of 2011. FTSE index rose 1% to 5715, the DAX rose 1.3% to 6301 and the CAC rose 1% to 3258. "European markets tend to gain momentum lift the index of Chinese data that raised risky assets," said Stan Shamu from IG Markets Strategy. Monday evening, Standard & Poor's cut its credit rating from the European Financial Stability Facility. Funds to rescue the euro zone dropped one level to AA + from AAA. Economic data released from China show in the fourth quarter GDP only reached 8.9%. Whereas in the third quarter 2011 China's GDP reached 9.1%. The reason for the industrial output slowed less than expected. For the Hang Seng index rose 2.2%, the Shanghai index rose 3.9%, the Nikkei rose 1.05%, Kospi index climbed 1.8%, STI index rose 1.3%, ASX index rose 1.6%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 17, 2012 Author Report Share Posted January 17, 2012 News and Review of European Economic Zone (UK) UK Inflation Slows Tuesday, January 17, 2012 UK please register late rise in annual inflation since April 2009; is certainly reiterate the UK central bank outlook will be reduced threat of inflation. British annual consumer price index rose 4.0% for the month of December 2011; lower than the predicted 4.2% and 4.8% the previous publications. The reduced threat of inflation is supported by the drop in gasoline prices and stable gas prices; is inversely proportional increase in the price of energy products in the past year. The rise of discount clothing ahead of the Christmas holiday Tutut also contribute. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 18, 2012 Author Report Share Posted January 18, 2012 News and Review of European Economic Zone European Exchanges Weakens in Early Trading Wednesday, January 18, 2012 European stocks fell in trading Wednesday (18 / 1) ahead of Greece talks primarily to bondholders. The FTSE fell 0.6% to 5658, the CAC fell 0.8% to 3243 and the DAX index fell 0.6% to 6292. Bluechips stock index fell 0.5% after reaching its highest level since August 2011 in trading yesterday. Attenuation experienced the deepest oil stocks, Tullow is down to 6%. So quoting yahoofinance.com. "These problems have kept rising European indexes. We've been responding to the sale of bonds Portugal today and wait pembicayaan Greek bondholders. The market is waiting for those results," said Keith Bowmand from Hargreaves Lansdown. Greece tried to break the deadlock in negotiations to reduce the debt burden and prevent default. This talk has undergone kebutuan on Friday last week about the level of investor interest and compensation for losses. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 18, 2012 Author Report Share Posted January 18, 2012 News and Review Economic Zone Europe Still focused on Greece, the euro strengthened against the U.S. dollar Wednesday, January 18, 2012 The euro strengthened against the U.S. dollar in the session on Wednesday, ahead of the re-commencement of talks between Prime Minister of Greece, Lucas Papademos and creditor countries on this day. The Greek government is scheduled kembalu talks with debt holders to voluntarily discuss the reduction of government debt of Greece, after having kbuntuan talks on Friday, amid disagreements over sebarapa a lot of money lost by investors who will swap their bonds. Greece must have an agreement on restructuring its debt in order to obtain new funds and avoid failure when the payment of bonds amounting to 14.4 billion, which matures on March 20. Meanwhile, Portugal will conduct an auction of government bonds at 2.5 billion, the country's largest bond auction since the bailout last year. Observed, touched 1.2788 euro traded throughout Asia afternoon trade, which is the top level daily, which then undergoes consolidation at the level of 1.2785, an increase of 0:41 per cent. The euro also strengthened against the pound, euro rises 00:18 touched 0.8321 percent. On this day, the U.S. will release official inflation data producer prices of industrial production, followed by crude oil inventory data reports. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 18, 2012 Author Report Share Posted January 18, 2012 News and Review of European Economic Zone (UK) In the UK Unemployment Rate Surprising Rise Reported Wednesday, January 18, 2012 Sterling tracked back down on this day (18-01) and rebounding effort against the rupiah currency again failed. The report, quite surprisingly show an increase in the unemployment rate in the UK, and is the highest unemployment rate in 16 years. Statistical Office of the UK has just announced that the period of the last quarter of last year, becoming the unemployment rate has climbed 8.4%, and the number of people who filed claims for unemployment benefits and MAGs in the last 10 months to 1.6 million inhabitants. The number of unemployed based on the standard calculation of the International Labour Organization (ILO) increased by about 118 000 natural + quarter into 2.68 million. Although the working population increased + 18 000 inhabitants to 29.12 million people, but the employment rate fell to 70.3 from 7.4. Analyst Research Vibiz of Vibiz Consulting suggests that the previously estimated rate of unemployment in the UK can hold 8.3% figure. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 19, 2012 Author Report Share Posted January 19, 2012 News and Review of European Economic Zone The euro is still continuing to strengthen against the U.S. dollar and the yen Thursday, January 19, 2012 The movement of the euro bounce back for a second day versus the U.S. dollar and the yen. At 17:00 pm New York time, the euro has appreciated 1% to U.S. $ 1.2863, after earlier rose 0.5% yesterday. Meanwhile, the position of the euro was at 98.83 yen level rose 1%. While the dollar against the yen is not much to record changes in position of 76.82 yen. The strengthening U.S. dollar also reflected in the Dollar Index is often used to measure the movement of the dollar against six major world currencies fell 0.8% to 80.518. This is the lowest level since Jan. 5. The weakening U.S. dollar against the euro occurred as decreased levels of demand for dollars as a safe haven after U.S. data showed a rebound in industrial production levels. In addition, "Talk of the IMF's plan to increase borrowing capacity, the results of talks between Greece and bank creditors, and several other factors influence the strengthening euro had enough today," explained Carl Forchesti, director of corporate currency sales desk at Societe Generale SA in New York . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 19, 2012 Author Report Share Posted January 19, 2012 News and Review of European Economic Zone Euro Rally Held; Market Watch for Concrete Results Bargaining Greece Thursday, January 19, 2012 The movement of the euro in trading today re trying to continue the rally against the U.S. dollar (19/01). The euro rose for four consecutive days against the dollar amid speculation that the U.S. economy is in the momentum gained. While the stock exchanges in Asia has increased along with the rally in global stock markets. These conditions cause the U.S. dollar is considered a safe-haven currencies eroded demand. Last night the euro has increased after one of the sources in the Ministry of Finance stated that the Greek and Greek of the debtor to reach an agreement this weekend. Last week the talks deadlocked because of not reaching an agreement on the amount of debt written off by the Greeks who are willing private borrowers. Last night a positive sentiment for the euro also gained after the IMF bailout is expected to increase for the salvation of Europe. This morning the euro was at 1.2866 dollars a position. The position of the euro is likely to rise than the close of trading this morning that at the level of 1.2861 dollars. The movement of the euro is still very limited because the market is still waiting for concrete results of negotiations with the debtor Greece. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 19, 2012 Author Report Share Posted January 19, 2012 News and Review of European Economic Zone EUR / USD Up Fueled Short-Cover Thursday, January 19, 2012 EUR / USD rose to 1.2880; its highest level since January 5, as some Asian investors sell positions before completing background of positive factors such as the German bond auction, Portugal and the IMF's strong will fund Wednesday to rein in the euro-zone debt crisis, said a senior dealer at a major bank in Tokyo. The focus is whether the private sector investor voluntarily agrees to respond on Greek debt. If a resolution is reached by the end of this week, this currency pair could rise above 1.2900, he said. Quote Link to comment Share on other sites More sharing options...
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