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Greece Seeks Action Not Just Words
Tuesday, March 09, 2010 GMT
The Greek government has announced the moves that it is planning to take to reduce it mountainous debt problems and steer the deficit towards the acceptable level for a Eurozone country.
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Euro Slips To 10 Month Low Against The Dollar
Wednesday, March 03, 2010 GMT
Yesterday saw Sterling hit a ten month low against the Dollar; today it was the Euro’s turn. Forex traders continue to be nervous about the possible impact that the Greek debt problem will have on the stability of the Euro; or at least that is the reason put forward for the depreciation of the currency.
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Japanese Figures For Manufacturing Output And Retail Sales Show Improvement
Tuesday, March 02, 2010 GMT
Figures released by the Japanese Finance Ministry show that factory output has continued to rise for the 11th straight month. Data for January indicates that manufacturing output rose by 2.5% on an annualised basis, pointing at a real, albeit, slow recovery in the world’s second largest economy. The improved output has come in response to higher demand from Japan’s major trading partner, China. Vehicle and construction material exports are particularly buoyant currently.
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FOREX: The Market In Perspective
Monday, March 01, 2010 GMT
Friday was the last trading session in February. All of the major stock markets closed down at the end of last week’s trading session, except for the Nikkei which was flat. In Europe over the course of last week, the FTSE shed 0.1%, closing at 5354.5 but it made 5.8% over the month; the CAC lost almost 1.6% closing at 3708.8, however it rose by 4.1% in February; the Dax fell 2.2%, but still put on 3% over the month; it ended the week at 5598.5.
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Concerns Over UK Economy Send Sterling To A 9 Month Low Against The Dollar
Friday, February 26, 2010 GMT
The current relative strength of the Dollar against Sterling and the Euro has as much to do with concerns over the European currencies rather than confidence in the Greenback; US economic performance data has hardly been stunning of late. The Euro is under pressure because of worries over the Greek debt position and to a lesser extent over the debt levels in Spain and Portugal.
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Bernanke Warns That Government Borrowing May Become Pricier
Thursday, February 25, 2010 GMT
Speaking before the US Congress, Federal Reserve Chairman, Ben Bernanke, warned that the US may have to pay more money to service its budget deficit. According to predictions made by President Obama, the US budget deficit is set to rise to $1.56tn in 2010.
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