Greece could extend debt repayment
Greek PM Papandreou says the country could extend the repayment schedule of a 110 billion euro ($150 billion) loan from the EU and the IMF.
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Risk Sentiment Takes a Hit During Asian Session
Risk markets took a hit throughout the Asian session as Euro-zone debt concerns intensified. Higher yielding currencies pairs sold off and equities traded lower; the Nikkei closed -1.39% lower while the Shanghai Composite dropped -5.29% on the day. The currency majors fell against the US Dollar, with the exception of the USDJPY which also was weaker, trading between 82.17-82.55.
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Gold climbs as jitters over euro zone debt intensify
Spot gold hit a high of $1,417.80 an ounce, near the record $1,424.10 an ounce it hit earlier this week, and was at $1,413.60 at 1213 GMT versus $1,402.70 late on Wednesday.
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Daily strategy 08-11-10 – Dollar dependent on Euro weakness
There have been increased fears surrounding the Euro-zone debt markets as Irish and Portuguese markets continued to weaken with increased fears that buyers were shunning both markets as credit-default swaps widen. This will continue to have a negative impact on the Euro and sentiment could deteriorate rapidly.
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Daily Forex News Recap (11/5): NFP Surprises to Upside, USD Mixed; Euro Stumbles on Debt Woes
Today’s Non-Farm Payroll report came in better than expected, with the economy adding 151K jobs in October. That helped boost risk appetite for commodity currencies like AUD, CAD and NZD. It also helped stiffen the USD against the JPY and EUR. The Euro was pressured by sovereign debt woes, and we look at EUR/CHF and EUR/GBP.
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Can the E.U. Find a Way to Fix the Euro?
As Europe’s leaders meet in Brussels to try to tackle debt and deficit in the eurozone all agree that sanctions are the best tool for the job, but remain divided on how to use them
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Euro rises, but for the wrong reasons
The euro rise is not due investors’ confidence about its peripheral debt situation. Rather, it is climbing in value because other countries have devalued their currencies. This rally is harmful for struggling peripheral European economies.
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Debating the decline in credit card debt
Americans’ frugality only part of picture in shrinking debt
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India may not face euro-like situation despite high debt
India?s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10, which puts India among the top 10 debtor nations in the world.
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