US CPI

Friday, 15 April 2011 03:36

CPI Match

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Anxiety for ECB

Friday, 15 April 2011 01:24

European Central Bank’s vice-president, Constancio, dicussed matters this morning on worldwide news; mentioning that inflation remained a worry. The most recent inflatio data points that the HICP rose more tha expected to a high of 2.7%.

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Portugal under pressure with bailout plan

Friday, 15 April 2011 01:01

Parliamentary elections are being looked forward to on Sunday. Parties opposing a Portuguese bailout and increase in the size of EFSF are acquiring huge support. The Finns are particularly the only ones in Europe that their parliament approves the EFSF loan, and not the government. With 20% of the command, the Social Democrat Party is asserting that Portugal should be restructing its debt..

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Two notch downgrade for Ireland

Friday, 15 April 2011 10:53

Ireland was downgraded by Moody’s Investor Services by two notches to Baa3 Baa1, possibly causing EUR/USD to dip down by 17 pips from 1.4468 to 1.4450 in the space of less than 5 minutes. EUR/USD is currently trading at 1.4492, gaining strength from its opening level.

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EUR weakens against major currencies

Thursday, 14 April 2011 05:20

EUR/USD traded at a low of 1.4365, failing the attemp to trade over 1.4520. EUR/JPY traded at 119.55 from 120.87. EUR/CHF went from 1.2949 to 1.2856, strengthening the swiss franc. The European currency weakened against the US dollar, swiss franc as well as the Japanese currency.

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