EUR/GBP has been rallying along with EUR/USD


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Obama, Hill Leaders Announce Agreement on FY’11 Spending Bill

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--President Obama: U.S. Gov 'Will Remain Open For Business' --Obama: Agreement Calls For 'Largest Annual Spending Cut In History' --Speaker Boehner: Bill To Be Ready For Final Vote In Middle Of Next Wk --Senate Majority Leader Reid: 'Tough Choices' For Both Parties --Sen. McConnell: 'Much Larger Discussions' Ahead On Debt Hike, FY'12 --House, Senate To ...

ForexLive US Wrap: Dollar under relentless pressure

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No US budget deal as of late afternoon Friday Oil adds $2.82 to $113.13; Gold to a record $1374.75 Trichet: Important dollar a strong currency Wholesale inventories rise 1% in February Fed's Fisher: Fed nearing a tipping point--must be as diligent in removing stimulus as adding it JiJi Press: BOJ to lower outlook for Japanese ...

IMF Text: Prepared To Move ‘Expeditiously’ On Portugal Request

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WASHINGTON (MNI) - The following text is a statement by International Monetary Fund Managing Director Dominique Strauss-Kahn regarding Portugal's request for financial aid: "The IMF has received a request for financial assistance from the Portuguese authorities and we stand ready ...

S&P 500 finally decides soaring oil ain’t so great

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After days of holding just below trend highs, US equities are taking a hit today, down about 3/4 of a percent as Oil prices get comfy above $112.50. Surprising it took them this long to fade. EUR/USD has eased slightly from the low 1.4440s again with perhaps a smidge of risk ...

IMF: We’ve received Portugal aid request

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Prepared to move expeditiously on request To hold swift discussions with Portugal, EU, ECB No surprise there...

US Sen Reid: House GOP Agreed To FY’11 Spending Cut Number

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--Senate Majority Leader Continues To Hammer GOP On Policy Rider --'An Agreement Was Reached' On FY'11 Spending --'Ridiculous' To Shut Government Over Planned Parenthood Rider --Will Offer Bill To Fund Troops For FY'11, Gov For Week By John Shaw WASHINGTON (MNI) - Senate Majority Leader Harry Reid said again Friday ...

Soros: ECB rate hike quite inappropriate

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China inflation a serious concern China made mistake not letting currency appreciate Dollar no longer sole reserve currency Euro, commodities used as reserve currencies US could absorb more debt; infrastructure spending would be wise

USD/JPY reaches 84.68

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After clearing out stops below 84.80. More stops are below the 84.60 level now. Democratic Senator Baucus, the chair of the Finance committee, says his caucus is considering holding a separate vote on Planned Parenthood to break the budget impasse...

US’s Boehner: ‘Hopeful’ About Budget Accord, But Still Issues

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--House Speaker: Still No Accord On Final FY'11 Spending Number --'Almost All Policy Issues' Have Been Resolved --House GOP Is 'Not Going To Roll Over' On Budget By John Shaw WASHINGTON (MNI) - House Speaker John Boehner Friday said he is "hopeful" an agreement can reached on the 2011 ...

USD/JPY edges close to stops…

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What stops going up sometimes comes down...Especially when its first name is "dollar"... USD/JPY is easing back toward stops in the 84.80 area, just below hourly support around 84.85. MOre support is down at 84.60. Stops are seen below that leve as ell.

EU Rehn:Portugal Aid To Be Split Two Thirds EU, One Third IMF

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BUDAPEST (MNI) - European leaders have begun negotiations on a financial aid package for Portugal, of which roughly two thirds is likely to come from the European Union and one third from the International Monetary Fund, EU Commissioner for Monetary Affairs, Olli Rehn, said Friday. The package ...

Boehner: Still talking

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Oil up to $112.30, gold holding around $1473 EUR/USD has popped back up into the 1.4430s.

US House GOP, Senate Dems Set Meetings To Review Budget Impasse

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--House Republicans To Meet At Noon, Senate Dems At 1 PM --Dems, GOP Use Senate Floor To 'Spin' Blame For Impasse By John Shaw WASHINGTON (MNI) - With tensions rising on Capitol Hill and a government shutdown set for midnight, House Republicans and Senate Democrats have set separate ...

EUR/USD retrenches slightly as 1.4450 caps

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EUR/USD has pulled back to the low 1.4420s, a level that capped rallies earlier in the day. The market is having a tough time overcoming the 1.4450 level where another barrier is no doubt struck. Barriers have lowed the EUR/USD advance but have not stopped it. With oil hovering around $112 ...

Trichet: Large deficits a bigger problem than large surpluses…

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...when assessing euro zone imbalances Gems like that are hard to come by...

Analysts: Oil Market Conditions Portend To Further Price Rise

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--Barclays: Sees 'Challenging Vulnerabilities' For EMs From $100/bbl Oil By Brai Odion-Esene WASHINGTON (MNI) - Tight oil market conditions, fueled by the conflict in Libya, mean further increases in oil prices should be expected, Deutsche Bank analysts said Friday, while analysts at Barclays warn that such ...

Trichet: Uncertainty remains elevated

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Growth risks both on upside and downside but sees sustainable growth Risk are balanced Quantum leap needed in fiscal governance

UK’s Osborne: No loan for you, Portugal

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Ireland was an exceptional case..No loan for Portugal as there was loan for Greece.

EU’s Rehn says next bank stress tests to be deciscive

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There should be no doubt about ability to deal with banks Countries should be ready to recapitalize banks by the time results announced Energy responsible for half of inflation rise

EUR/GBP soars late in London

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EUR/GBP has been rallying along with EUR/USD, the usual pattern, especially in a market in which the ECB is hiking and the Fed and BOE are sitting on their hands. While cable rallies with EUR/USD. it follows at a distance. Resistance for EUR/GBP lies in the 0.8840/50 area near-term, we are ...

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