Forex Market Update

Forex Market Update Wednesday, October 26, 2011, 09:06 Contents Economic News Forex Top Story Political News Analyst Currency Comments Currency Alerts General News Economic News French Business Leaders' Export Demand Outlook Weakens Sharply France's manufacturing business leaders' expectations for domestic as well as export demand significantly declined, a quarterly survey by the statistical office INSEE showed Wednesday. (Oct 26, 2011) Full Article IMF Says Middle East, North African Nations Face Further Slowdown, Uncertainty Countries in the Middle East and North Africa are set to face further slowdown in growth with diverging trends, amid uncertainty from the regional unrest and a possible slump in the global economy, the International Monetary Fund (IMF) said in a report released Wednesday. (Oct 26, 2011) Full Article Greek FinMin Sees 50% Haircut For Bond Holders: Report In the crucial meeting to be held in Brussels tonight, EU leaders would possibly fix a 50 percent haircut for Greek bond holders, Greek Finance Minister Evangelos Venizelos told the country's banks, newspaper Kathimerini reported Wednesday. (Oct 26, 2011) Full Article Turkey's Central Bank To Raise Banks' Foreign Currency Reserves Turkey's central bank will permit banks to hold 40 percent of lira reserve requirements in foreign exchange, Governor Erdem Basci told reporters on Wednesday. (Oct 26, 2011) Full Article Draghi Seeks Immediate Implementation Of EFSF European Central Bank Governing Council member Mario Draghi on Wednesday called for immediate implementation of the bailout fund to manage the crisis. (Oct 26, 2011) Full Article Forex Top Story Australia Q3 Inflation Eases Increasing Odds Of Rate Cut Australian consumer price inflation eased in the September quarter as expected by economists, increasing the probability of a rate cut by the central bank as early as next week. (Oct 26, 2011) Full Article Merkel Calls For Higher PSI In Greece Bailout German Chancellor Angela Merkel said on Wednesday that the private sector should contribute significantly more towards the rescue of the embattled Greece. (Oct 26, 2011) Full Article Political News UN Chief Urges G-20 Summit To Listen To Global Public Protest On Economic Crisis United Nations Secretary-General Ban Ki-moon has called on the world's biggest economies to heed the voices of global public protest at their G-20 summit next week and show the bold leadership needed to resolve the global economic crisis and achieve sustainable development. (Oct 26, 2011) Full Article NATO Asked To Continue Libyan Mission One More Month The National Transitional Council (NTC) that runs the interim government in Libya has asked the NATO to continue its mission in the oil-rich North African counttry "at least for one more month." (Oct 26, 2011) Full Article Saleh Declares Truce In Yemen, Tells US Readiness For Power Transfer Yemeni President Ali Abdullah Saleh called in U.S. Ambassador Gerald Feierstein to inform that he intends to sign the power transfer deal brokered by the Gulf Cooperation Council (GCC), and that he declared a ceasefire between the Yemeni government forces and the Opposition. (Oct 26, 2011) Full Article Analyst Currency Comments AUD To Extend Fall On Hopes Of RBA Rate Cut And Fading EU Sentiment – Westpac Analyst at Westpac noted on Wednesday that Australia's slowing inflation rate increased the likelihood of a rate cut by the Reserve Bank of Australia and the firm said that the AUD/USD pair may extend its fall up to the 1.0250 level tomorrow as today's European summit could probably end in dismay. The firm is of the view that the recent optimism surrounding Europe had buoyed the Australian dollar. (Oct 26, 2011) Full Article Currency Alerts Australian Dollar Slides As Slowing Inflation Signals Rate Cut The Australian dollar edged lower against its major rivals in Asian deals Wednesday (Oct 26, 2011) Full Article Kiwi Drops Against Euro And Greenback As NZ Business Confidence Worsens The New Zealand dollar weakened against the currencies of the U.S. and Europe on Wednesday morning in Asia (Oct 26, 2011) Full Article Swiss Franc Jumps To New Multi-week Highs Against Most Majors The Swiss franc strengthened against its major rivals in early European deals Wednesday as investors seek safer assets ahead of today's crucial European Union summit. (Oct 26, 2011) Full Article Pound Weakens Ahead Of Crucial EU Summit The British sterling erased previous session's gains against other major currencies in early deals Wednesday (Oct 26, 2011) Full Article General News At Least 5 Killed In Fuel Tanker Explosion In Afghanistan At least five people were killed and dozens injured in a bomb attack resulting in the explosion of a fuel tanker in north-eastern Afghanistan on Tuesday night. (Oct 26, 2011) Full Article US Issues Travel Alert As Hurricane Rina Heads To Mexico's Yucatan Resorts The U.S. State Department has issued a travel alert in the wake of Hurricane Rina, which is expected to hit Quintana Roo State in Mexico's Yucatan peninsula. (Oct 26, 2011) Full Article UN Peacekeeping Chief Presses To Include Rebels In Darfur Peace Process The head of the United Nations peacekeeping forces has warned that while important progress has been made in the peace process in Sudan's war-torn Darfur region, more needs to be done to bring on board rebel groups still fighting the government. (Oct 26, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service