Euro ticks higher vs dollar as Ireland hopes rise

11/19/10 15:42 EST NEW YORK -The dollar dipped against the euro Friday as officials from Ireland, the European Union and the International Monetary Fund negotiated a financial aid deal for the country.

Ireland appears likely to receive a loan to bolster its troubled banks, which would ease fears that Ireland's troubles would lead to a broader loss of confidence in European nations and raise borrowing costs for other weak economies like Portugal and Spain.

Uncertainty over whether creditors would suffer heavy losses on their Irish investments have weighed on the euro for two weeks, dragging it down from a nine-month high of $1.4281 reached on Nov. 4. The prospect of a rescue for Ireland has helped the European currency regain some ground in the past several days.

In late trading in New York, the euro edged up to $1.3672 from $1.3635.

The euro remains significantly higher than a 4-year low below $1.19 it touched in early June, when Greece's debt problems had driven down the euro. A euro110 billion rescue for Greece helped ease its short-term funding problems.

Worries about slower growth in the U.S. and the Federal Reserve's plan to support the economy through lower interest rates helped tug the euro higher throughout summer and early fall despite lingering concerns about debt in Portugal, Spain and Ireland.

Elsewhere, the dollar traded mixed. The British pound fell to $1.5973 from $1.6044, while the dollar was almost unchanged at 83.49 Japanese yen from 83.45 yen late Thursday

The U.S. currency fell to 1.0183 Canadian dollars from 1.0214 Canadian dollars, and dipped to 0.9952 Swiss francs from 0.9965 Swiss francs.

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Understanding the Basics of Fundamental Analysis in the Forex Market

Traders typically approach financial markets in one of two ways: either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both of these types of analyses.

In fact, in Jack Schwager's best-selling classic, Market Wizards, two of the traders interviewed are Ed Seykota and Jim Rogers. Rogers is quite adamant in his statement that he believes it is impossible to make a living as a technical trader. He goes so far as to say he has never met a rich technician. Seykota actually shares the exact opposite story. According to Seykota's own interview, he was a struggling trader when he traded according to fundamental analysis. It was not until he became a technician that he started to make a living trading financial markets.

As stated, successful traders throughout history have employed both technical and fundamental analysis. In this article we are going to break down the basic principles of fundamental analysis in the forex market.

Fundamental Analysis is commonly defined as a method of evaluating a specific security in order to determine its intrinsic value by analyzing a host of economic and financial data. In the foreign-exchange market, a security would be a currency. Market participants are continually analyzing the emerging fundamental from a country in order to determine the intrinsic value of the country's currency. There are several key economic indicators that every trader should understand on a basic level. Fluctuations in the data of these key indicators will generally cause the value of a currency to rise and fall.

Interest Rates

These are the single greatest driver of currency value over the long-term. Most Central Banks announce interest rates each month, and these decisions are watched very scrupulously by market participants. Interest rates are manipulated by Central Banks in order to control the money supply in an economy. If a Central Bank wants to increase the money supply, it lowers interest rates, and if it wants to decrease money supply it raises interest rates.

Gross Domestic Product (GDP)

GDP is the most important indicator of economic health in a country. A country's Central Bank has expected growth outlooks each year that determine how fast a country should grow as measured by GDP. When GDP falls below market expectations, currency values tend to fall and when GDP beats market expectations, currency values tend to rise.

Inflation

Inflation destroys the real purchasing power of a currency, and, therefore, inflation is very bad for the economy in most circumstances. Each year a normal rate of inflation between 2-3% is expected, but if inflation begins moving beyond the upward targets set by the Central Bank, a currency value will actually rise due to expectation of an imminent rate hike. Higher interest rates tend to fight off inflation.

Unemployment

We will discuss consumer demand in a moment, but people are basically what drive economic growth; therefore, unemployment is the backbone of economic growth. When unemployment levels increase, it has a devastating effect on economic growth; consequently, when the labor market contracts and unemployment increases, interest rates are often cut in an attempt to increase the money supply in the economy and stimulate economic growth.

Consumer Demand

As stated in the previous point, people are what drive economic growth; as a result, healthy consumer demand is essential to the normal, healthy functioning of an economy. When consumers are demanding goods and services, the economy tends to move forward, but when consumers are not demanding goods and services, the economy falters.

Even if you are a technical trader, it can still be very helpful to understand these basic elements of fundamental analysis. The best forex course will oftentimes offer further insight into how the emerging fundamentals drive price behavior.

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New Zealand Dollar: Risk of Sharp Declines on Financial Market Stress

Sorry, I could not read the content fromt this page.

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Rescue of the euro

In this blog, our correspondents respond to breaking news stories and commentary and analysis. The blog takes its name from newsbooks, the 16th-century predecessors of newspapers, for which a single big story, such as a struggle, a disaster or a sensational process

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Forex? USD/JPY weekly Outlook: November 22-26

Forex pros - last week of the US dollar against the yen for the third consecutive week saw ahead rises, hit a 6-week high, before profits to trim after Federal Reserve Chairman Ben Bernanke a robust defense against the Central Bank quantitative easing program installed.

USD/JPY meet 83,77 on Thursday the pair's highest since October 5; the pair then consolidate into the 83,52 by close of trading on Friday, surging 1.25% on the week.

The couple is probably helping 82.39, the depths of November 15 and resistance at 84.38 to find high from September 27.

Speech the fed at the Conference of the European Central Bank in Frankfurt on Friday defended Bernanke's decision to buy government bonds in an effort, increasing employment and combating deflation.

The best way to support the dollar and to support the global recovery said Bernanke "by a policy which lead to a resumption of the robust growth in a context of price stability in the United States".

Elsewhere, people's Bank of China announced Friday that it increase the reserve ratio requirement for banks for the fifth time this year would cash from the financial system effective drainage to curb inflation still a string of recent actions.

Early week showed preliminary data from Japan's Cabinet Office published the economy more than expected in the third quarter grew spends in the fourth consecutive quarter.

Gross domestic product grew 0.9% in the third quarter to grow to a revised 0.4% in the previous Quartal.Das GDP grew at an annualized rate of 3.9% in the third quarter, win until a revised 1.8% in the second Quartal.Dritten quarter on the forecast for a 0.6% on quarter was increase or an annualised growth rate of 2.5%.

Next week the U.S. due to release are a range of data in a week after the Thanksgiving holiday on Thursday, including revised figures on gross domestic product for the third quarter, durable goods orders and personal income short geschnitten.Das land claims, while the Fed is his recent monetary policy meeting minutes to its weekly report on unemployed share.

Meanwhile, Japan is official data on inflation and the country's trade balance to publish while Governor of the Bank of Japan is to speak at a public commitment.

Ahead has Forex pros of next week, a list of these and other important events affecting the markets zusammengestellt.Der guide skips Monday and Friday, because it no relevant events on these days.

Tuesday, November 23

The United States are revised figures for third quarter GDP, leading indicator of economic growth to publish that is country to publish industry data on sales of existing homes, while the Federal Reserve of Richmond is Bank, is its manufacturing index to publish later in the day the fed its November monetary policy meeting minutes, publish offers an in-depth insight into economic and financial conditions in the United States

Now markets in Japan in closed meeting of the laboratory are Governor of the Bank Thanksgiving holiday to bleiben.Der of Japan, Masaaki Shirakawa is to speak in Hong Kong, his comments are to be monitored closely for all references to the future direction of monetary policy.

Wednesday, November 24.

Japan is official data on its trade balance, the difference in value between imports and exports to publish the country to share data on its corporate services price index, a leading indicator of consumer price inflation.

The United States is a whole series of data to share with the official data on first unemployment claims, Umsatz.Das country is a leading indicator of economic health and Government data on personal expenses, durable goods orders and new home inventories to publish also revised data on consumer sentiment and inflation expectations, and reports on crude oil and natural gas.

Thursday, November 25

Markets in the United States remain the Thanksgiving in closed compliance.

Meanwhile Japan is until the week with key data on consumer price inflation for round both Japan and the Tokyo area.

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Exploring the dollar Proof Concept, sector by sector

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Seeking Alpha var sector_slug = "etf-content"; by: Roger Nusbaum November 21, 2010  | about: AXID / AXIT / BRAF / CAT / EWS / EWT / IPK / IPN / MGYOY.PK / NKE / TWON     Email

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As a follow up to Friday's post ,deconstructing a Dollar Proof portfolio from Morningstar, I thought it might be interesting to explore the Dollar Proof concept going sector by sector, as while not every equity sector is so easy to add foreign exposure to, many are. In going sector by sector, the context is the ten big sectors that comprise the S&P 500. While there are ETFs for each sector, I think a portfolio that includes individual stocks is a better way to go.

Technology is a difficult sector for me as I believe the sector is still broken from ten years ago. There are plenty of tech stocks that have done well, but almost all of the most "important" domestic tech stocks are a long way below where they were ten years ago. I'm not thrilled with the broad foreign tech ETFs like IPK from SPDR and AXIT from iShares, each very heavy in Japan. I don't mind broad domestic exposure in this sector, but I think Taiwan would be a good place to look for dollar proofing. There is the iShares ETF EWT, the IndexIQ Taiwan Small Cap TWON-- which is not quite as heavy in tech stocks as EWT-- and there are several stocks easily traded in the US, most of which have very high yields.

I am quite comfortable with the financial sector for the simple reason that, from the top down, the sector warned very early on of trouble (its weight in the SPX and the inversion of the yield curve several years ago). It has been quite clear to me that domestic banks and European banks are best avoided for now--this might be the case for years to come. I've been equally vocal about avoiding Chinese banks as well.

We have had good luck with bank stocks from Chile, Australia and Canada. The banks from Norway, Singapore, Malaysia and Israel also seem to be on relatively firm ground in terms of how the businesses were run before the crisis, and I believe these can do well going forward. I also think there is utility in the publicly traded exchanges, including foreign ones. We also own an index provider.

Anyone interested in Singaporean banks could use iShares Singapore (EWS) as a proxy, as the fund is 50% financials, and while I am not wild about Brazilian banks, there is an ETF for that; GlobalX Brazil Financial Sector ETF (BRAF). Moreso than most (or even all) of the other sectors, I think individual stocks are the way to go for financials, as ETFs seem to have too much exposure to the "wrong" places.

Energy might be the easiest sector to add foreign exposure because just about every country has a big oil company. Even Hungary has its Exxon with MOL Magyar Olaj (MGYOY.PK). To be clear, I don't have any interest in the name, but it is accessible for anyone who is interested. In addition to plenty of individual stocks from all sorts of countries, there are plenty of ETFs that are broad within the sector and also very specialized--we recently added a coal industry ETF. Work still needs to be done to properly research names and segments within the sector, but finding choices is very easy.

Healthcare seems like an easy one for dollar proofing but I might give it a Lee Corso "not so fast, my friend." I think it is easy, but getting there requires a willingness to go beyond the big pharma stocks. If you agree with that statement then it rules out the broad sector ETFs, or more correctly, means not relying solely on them. Above a certain account size we use a domestic big pharma, a Swiss big pharma, a Danish specialty company and a foreign generic company.

One theme that I think could be added at some point is medical tourism, which would be foreign exposure, but I would need direct access as the pinksheet volume in these names is too thin. I personally would stay away from Chinese pharma, as it seems like the odds for something going wrong are quite high. Also, many of them are reverse mergers, which raises other problems.

For anyone not interested in going really narrow with the healthcare sector, I don't think the domestic ETFs are a bad hold. I think there is also longer term opportunity in this space-- with medical devices, which is mostly domestic-- but there are a few foreign stocks here as well. One thing to consider in this space is that many of the individual stocks have very good dividends, which might be difficult to capture in a broad ETF.

I'll address staples and discretionary together because some of the funds lump them together. For staples we have food, tobacco and alcohol for their very high dividends-- which again, may not be captured in an ETF. For discretionary we use one ETF and Nike (NKE), which aside from what I think is a great product line also captures foreign aspirational volume -- note this makes Nike a beneficiary of, not a proxy for. I can see increasing the foreign exposure here via an ETF. There is one from EG Shares and two from GlobalX. I'm not sure what I would add in or when, but there is long term value in capturing the consumer in countries where a middle class is ascending.

Industrials are also an easy sector to add foreign exposure, but I would avoid broad funds like SPDR International Industrials (IPN) or iShares International Industrial (AXID), because they are heavy in Japan and Europe. There are plenty of themes in this sector-- like water and infrastructure-- which lend themselves to foreign, and defense, for which I would go domestic-- and there are ETFs for these. There are other themes like solar and wind. Each of these has their share of headwinds these days, but the funds exist. I think a mix of ETFs and stocks is best here; we have Caterpillar (CAT) and a Swedish company, and for people willing to use individual stocks, there are names to choose from many countries.

Obviously, the materials sector has plenty of individual stocks and thematic ETFs; miners of various metals and resources, chemical companies and food related. Stocks or ETFs, I think either can work and the access is very easy. This sector should be no problem for someone who cares about dollar proofing, given the abundant choice.

Utilities are another easy one, especially for anyone willing to use individual stocks and do some research. There are many ADRs from all sorts of countries to choose from and some ETFs. The funds are not terribly precise but decent yield can be had from the funds, which doesn't happen often.

If energy is not the easiest sector to add foreign exposure then telecom is. Just about every country has a big phone company--even Morocco is accessible through this sector. We use one foreign stock with a very high yield and a domestic ETF with a decent yield. Obviously, this sector is a great source of yield for a portfolio.

In general, the narrower you are willing to go, the easier it will be to avoid some lousy markets and groups of stocks. With several sectors I believe using individual stocks will make for a better risk adjusted result, however-- there will be a lot more work involved. I would not rely exclusively on any type of product, be it ETFs or illiquid pink sheet stocks, but those two along with NYSE or regular Nasdaq ADRs should get the job done. Another reason to consider individual names is that some segments are not covered by ETFs with some examples being toll roads, fisheries and cement companies, although looking under the hood of ETFs at some of the smaller holdings can be a good starting point for research of any segment or sector.

Disclosure: No positions

Roger Nusbaum is an Arizona-based financial advisor who builds and manages client portfolios using a mix of individual stocks and ETFs. Roger writes a popular blog, which focuses on 'top down' asset allocation. We think Roger is particularly insightful on exchange-traded funds, risk management... More
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Finding Profits in Forex: Combining Elliott Wave and Fibonacci to Pinpoint Winning Trades

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The foreign exchange problem

The foreign exchange problem

Sunday, November 21 2010

Who tried to buy US dollars by the banks recently would know that there is a queuing system and hardly ever get your complete request in an application. For those of us in business, this is a much more acute problem since even with queues, only a portion of your US dollar requirements is available for purchase, sometimes as little as 20 percent. Business community for more than a year now has plagued this situation and company in danger of losing their credit with foreign suppliers of ? conditions and in fact has already impacted several companies places. The situation can lead, if not already in existence, how some companies to buy US dollars from other companies or persons to have to fall back to avoid a ready supply run into conflict with the supplier credit to a black market for US dollars. Another way for the acquisition of the US dollar is to buy other currencies by banks to pay US dollar bills.The transaction costs that continue this two-step conversions associated costs the U.S. Dollar.Daher while dollar exchange rate TT to the US dollar remained relatively stable by the Central Bank with an average rate of $6.37, in fact, business is paying up to $6,45 for a significant percentage (maybe up to 50 percent) its US dollar, the average cost closer to $6,41. It is only a matter of time, before there were its way into the cost of this impact on inflation again finds.

This Forex situation is a mystery as the Central Bank has stated that its foreign exchange reserves, with import cover at 13 months. It seems therefore that is an obvious answer to inject additional foreign currency in the financial system. However, the Central Bank pointed out that it has never injected unprecedented amounts of foreign currency in the financial system, in 2009 and again in 2010, and their experience shows that such amounts are usually very quickly absorbed with little lasting effect on the long queues.

Where go therefore, the US dollar?The Lieutenant Governor said Chamber members last week that there are more than 77,000 foreign currency accounts in this country, now amounting to approximately US $3Bn.It therefore seems that buy some individuals and companies and save US as a buffer, at the minimum Zinssatz.Die situation can be worse than many other purchase, send US abroad for store or investments, everything since TT dollar liquidity is so high and it no interest rate differential between the US and TT is currency deposits promotion of domestic savings in TT$.

This is a serious matter that must pay attention to the authorities, otherwise it could have far-reaching consequences.Once remains for the average person challenging access to foreign exchange, is the perception of lack of reaction of storing verursachen.Da which Central Bank is inclined to be cautious and reluctant, to flood the market with more US dollars, we could well reach a standoff position for legitimate trade.

This is a very delicate situation with no easy solution. all parties have valid arguments for your conduct and unless urgent action be taken no one is willing to level.the situation calls for more dialogue and to avert a crisis affecting larger understanding among all stakeholders. the Government must be prepared, be an integral part of this dialogue as the underlying cause of the situation could well be a crisis of confidence.

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India's foreign exchange loss of $1.9 billion

India's foreign exchange (Forex) reserves fell from $1.899 billion, down $298.31 billion during the week 12 ended because of a severe contraction in its foreign exchange reserves November.

Foreign currency reserves, the US dollar, euro and pounds sterling, among other things, contain rejected 1.79 billion dollars down to 269.49 billion U.S. dollars during the week in the year under review according to the data of India (RBI) published by the Reserve Bank.

Special drawing rights (SDRS) declined $ 73 million to $5.152 billion and reserve with International Monetary Fund was $34 million 2,001 billion dollars.

The value of the gold reserves remained unchanged at $21.66 billion.

-Indo-Asian news service

GK/RN/vt

(115 Words)

2010-11-20-17: 31: 11 (IANS)

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Tokyo stocks rise on weaker yen, U.S. rally

Tokyo, 19 november (DPA) Japanese shares rose in the Friday morning trading after an overnight rally on Wall Street and if exporters were supported by a weaker yen.

The benchmark Nikkei 225 stock average gained 60.92 points, or 0.61 percent, to trading on 10,074.55. the broader Topix index increased by 3.56 points, or 0.41%, 872 37.
U.s. stocks rose overnight, as General Motors Co a comeback with the IPO made and Ireland was the possibility of a European Union-led forces bail-out deliberated.
The yen is floating around the mid-range 83-yen to the dollar. the recent retreat of the Japanese currency against the dollar continue to stimulate investor sentiment.
In the foreign exchange markets at 9 am (0000 GMT), the dollar traded at 83.54-55 yen, up from Thursday 5 pm quote from 83.25-26 yen.
The euro traded at 1.4119-3662 dollars, up from 1.3764-3587 dollar Thursday, and 114.09-10 yen, up from 113.11-15 yen.
A weaker yen Japanese goods abroad more competitive and improves the overseas profits when the revenues are repatriated.

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Euro slides on 5-weeks deep, as Ireland G20 Summit trumps

NEW YORK - the euro slid to a five-week low against the dollar on Thursday as a growing uncertainty about Ireland?s ability to repay of its debt attempts when a group of 20 Summit overshadowed global tensions about currency and facilitate trade. Ireland problems have a back seat to fed to the top of the currency concerns, recently moved after taking politics for several weeks. Yields on 10-year Irish bonds issued rose above 8 percent to a record high of comparable German guilt, the euro-zone's standard. Investors are concerned Ireland would not be able, spending cut as planned and require a rescue package with bondholders to absorb losses. "The market has gone back, focusing on Europe rather than the United States where prices are currently very low," said Greg Anderson, G10 FX strategist at Citigroup in New York. "It has become a game of 'What currency you most like?' and right now, that is currency is the euro." The Fed Treasury purchase program announced bonds last week, is widely considered detrimental to the value of the dollar and a blessing for higher-yielding, considered riskier currencies. That trade, however, may have run its course and Europe debt problems have caused investors higher risk assets in avoiding in favour of the greenback. The euro fell as low as $1.3637 trading platform EBS, a five week trough, and was last down 0.9 percent to $1.3655. Also fell by 0.6 per cent against the yen and hit a seven week low against sterling. "While we think the euro looks vulnerable over the short-term, by the end of the year it will probably head higher," said Anderson. BNP Paribas, said the decline of the euro against the dollar be flat, in the vicinity of $1.3435-$ 1.3333 support over the next few weeks stalling. If key $1.3333 support contains pattern, $1.1875 is intact of the euro underlying longer-term rally off its low around June. As such, euro able would again rally and setting a new cycle $1.4280 later this year or in early 2011 high up, the Bank said in comment. Spike in Irish income and German decline as investors seek refuge in Confederation has come as U.S. returns later enabled partially by a string of strong U.S. economic data including October's employment report removed. Rise above 82 Yen considers the income of the dollar to make even more attractive and it this week for the first time since early October helped. It was 0.3 percent last 82.51 yen. The Fed said to reduce $600 billion of treasuries by mid-2011 to U.S. interest rates and slow growth, would buy boost, if a U.S. think tank report on Thursday could buy the less bonds Central Bank said, when the economy improves. Trading was lighter than usual, with some markets in the United States and Canada for holidays. The US bond market was closed in compliance with the Veterans Day holiday. Europe's woes diverted attention from a G20 Summit in South Korea. Discussion was expected that exchange rate policy and global economic imbalances, contain, although few investors expect a far-reaching agreement. Much of the disagreement to currencies focuses on the United States and China with the former eager to see who appreciate Chinese Yuan at a faster pace. Citigroup's Anderson said the G20 too large a group content agreement at the meeting in Seoul. "There are just too many different interests in play, so we don't expect any major developments to out of it", he said.

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Dollar steady, climbing Asia stocks after fed

Hong Kong - Japanese shares gained 2 percent on Thursday after the Federal Republic of Reserve?s new bond purchase was close enough, expectations investors sell to keep yen and the search for higher yielding values. After fall overnight $ stabilized, with dealers hesitant to add significant bets against the currency to the euro is a 10-month high, touched but dealer hinaufgeschiebt copper and oil prices anyway. Asian stocks edge up to a two-year high in the wake of fed decision mainly due to the purchase in 'resources the section, although overall response was dampened. Also there was a variety of events, links of this week, the volatility of the capital markets, including policy meeting of the Bank of England, Bank of Japan and the European Central Bank and the October U.S. wage and could inject payrolls report. For Asia, after the Fed pledged, usually mid-maturity Government bonds raised to buy $ 600 billion be capital flows in the region a strengthening of economic activity likely to speed up but also increase the risk of more stringent capital controls. "Companies more Treasury bond purchases, the hope is the risk appetite to spend the catalyst for the people, will offer companies in particular," Sean Darby, Asia strategist with Nomura in Hong Kong, said in a statement. "We expect that Asian shares well stay offer, but the additional QE raises the spectre of capital controls in ASEAN and parts of Northern Asia." ·         Japan's Nikkei stock average was 1.9 percent, with shares of large exporters, the largest ski lifts to the index after the yen night sold. ·         The MSCI index of Asia Pacific stocks outside Japan edges by 0.4 per cent to the highest since June 2008. Commodity stocks were early winners in Asia after the Fed decision. ·         The euro was basically flat on the day after hitting $1.4175 Wednesday at $1.4110. ·         The dollar was 81.14 yen on pace for a fourth day of profits up slightly compared to the yen. ·         Traders were quick to other topics for trade find fed. The dollar was up 0.4 percent against the Canadian dollar at C$ 1.0092, after the Canadian government markets with a decision to block BHP Billiton's 39 billion dollar bid for Potash Corp. · U.S. Treasury of futures surprised 10 year one-month high increased to 0.5 percent a while slipped 3 basis points to 1.08 percent in the spot market, 5-year Treasury bond yields, with 43 per cent of the Fed new plans for bond purchase fall terms between 4 and 7 years. * Three month copper on the London Metal Exchange traded one reached by 1 per cent to $8,399.75 per tonne, creeping back towards the two-year high last week Tuesday.

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One-dollar coin released taking Lincoln similarity

One-dollar coin released taking Lincoln similarity
Malaysia Sun
Saturday 20 november 2010

A new Lincoln one-dollar coin entered in America on anniversary of the Gettysburg Address.

The Special Presidential one-dollar coin bears the image of President Lincoln.

While consumers have shown that they favor coins paper invoices over $ 1 the Government decided to Lincoln currency as an economic measure.

It takes about 16 cents to make a $ 1 coin and currency lasts 30 years.

It takes about seven cents to a $ 1 Bill.

The Bill has only a lifetime of approximately 21 months.

The u.s. currency entered the currency on the occupy anniversary of Lincoln's Gettysburg Address.

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Euro undermined by debt misery, yen lifted

TOKYO-the euro s losses deepened on Tuesday as resurfacing concern about peripheral euro zone debt kept it under pressure, and if in the short term players closed dollar short positions as they prepared for book-closing. The euro fell to the lowest in more than a week against the u.s. dollar, which costs $ 1.3847 with potential seen for a slide to $ 1.3700, but then claw back a bit like the yen rose suddenly on the dollar in a move that dealers said appeared driven by order flow. Tokyo dealers said a foreign bank had sold the dollar for yen, with stops approximately 80.80 yen activated that pushed lower and wiped out some of his strength. However, the euro on the back foot, shedding of 0.7% on the yen after a decline of 0.8% on Monday. The market was very short dollars for the last week Fed decision on additional band buying the euro falls arising from the settlement of dollar short positions, while the market liquidity as Dr. Whippy running thins. Gareth Berry, strategist at UBS in Singapore, said that the market was concern about Ireland as a chance to get and sell the euro after the rally of $ 1, 27 September to a 10-month high of $ 1.4302 last week. "It can be a quick dollar positive story given positioning is the way that it has become," said Berry. A trader at a European Bank said some macro players and Commodity Trading advisors, short-term players, align their short positions in dollar forward and Futures for their book close at the end of this month or next. But they were still stick to dollar bearish views and buy dollars at the same time, respond to any further decline. The euro fell 0.2% to $ 1.5397 and 0.7% lower at 112.24 yen. The euro also two-month lows versus the Aussie on a $ 1.3692. EU economy Commissioner Olli Rehn, said during a visit to Ireland, he had no need of a bailout of the EU with the country not discussed, and that he believed that market confidence would be restored as soon as the country published his four year plan to cut of debt. Ireland is expected to publish the details of the plan later this month. Concerned about a political impasse in Dublin for the vote of an important budget saw shooting than 8% of the returns of the 10-year-old Irish bonds on Monday — much higher than the cost of loans from the European Union's Emergency Fund. "A clear solution (and thus a turnaround in the broadening of the spread) seems unlikely and as long as uncertainty, spreads remains under pressure," said RBC Capital Markets strategist Matthew Strauss. "That's good news for USD bulls, but gloomy news for risk bulls as an escalation of these concerns can easily continue working in wide risk aversion, detrimental effect on the commodity currencies such as AUD and CAD." The dollar index, a measure of performance relative to a basket of currencies, edged up 0.2 percent to 77.09. The dollar is still down 0.4 percent on the day on 80.83 yen after previously company steadily above 81.00. It remains in the sight of the 1995 record low of 79.75 yen and capped at 82 yen, which offers from Japanese companies were seen. "Unless we new commercial factors, it is difficult to see the dollar/yen rise above that level," said Daisuke Karakama, market Economist at Mizuho Corporate Bank. The Australian dollar, which tends to suffer as risk appetite retreats, was stable on the day at $ 1.0133, a 28-year-old peak around $ 1.0180 set last week have withdrawn. But it fell 0.4% against the yen to 81.88 yen. The market is also this week's meeting of the G20 leaders in South Korea. The top has been pitched as an opportunity for the leaders of the countries that account for 85% of the world's output to prevent a currency row escalate to a rush to protectionism, which the global recovery. But there is little sign of consensus and the meeting has been overshadowed by disagreements on the quantitative easing policy from the Fed. The move helped to pressure from the US dollar and increased anxiety that can cause a destabilising flow of money in emerging economies. "I think they will struggle to come up with a substantive plan," said Grant Turley, strategist at ANZ in Sydney.

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Euro to keep profits against dollar probably busy week

The euro will be expected to be stable next week to go for three straight days against the dollar as worry about debt strapped Ireland have relaxed, although the risk of infection to other economies in the euro area of next profits could dampen provide continued.

The euro will be expected to be stable next week to go for three straight days against the dollar as worry about debt strapped Ireland have relaxed, although the risk of infection to other economies in the euro area of next profits could dampen provide continued.

The euro on Friday rose across the Board. In the late afternoon trading was the euro by 0.3% to $1.3684 on the trading platform EBS as high as $1.3733 get up.

Sliding doors on a seven week low of $1.3446 early in the week, the euro ended the week little against the dollar changed. The month was the euro by 2%.

Hopes Ireland close was a thing for tens of billions of euros of its European partners and the IMF received helped push euro about $1.37 overnight.

The resistance to $1.3750 however advised dynamic ground to a halt.Traders said this level is probably keep to get more details on the Irish rescue plan until markets.

In the Forex market stabilised mood for jetzt.Die euro one-month euro/dollar risk reversal, a barometer of mood, started currency options, crawl investors starting short-term to receive less euro bearish, higher, suggesting.

Of the euro risk reversal still showed a "put" bias, but it gestiegen.Am is Friday, puts traded from extremely low levels higher – middle of 1,175 volumes, with bids on 1.55 Vols.Am Thursday went bids to puts to 1.60 euros from 2.025 early this week, an approximately 2-1/2-month deep.

"Overall the crisis in Ireland, probably come to an end, for now...""(which) means dollar against the euro can alleviate a bit their short positions, consolidate as investors", said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York.

In the United States investors on a range of data downloads including revised figures on gross domestic product for the third quarter, durable goods orders and personal income konzentrieren.Alle to an economy should show holiday shortened in one, which is again gradually on the right track said analysts.

The minutes of the last fed are meeting for release next week, but are probably too much buzz given the scale, the markets in quantitative easing, before the Fed policy on November 3 announced prices had to generate.

The minutes can give up some hints what it would take to see a third round of the QE.

Outside of the data in the United States celebrates the Thanksgiving holiday next Thursday, the markets on developments in Ireland will remain focused.

A lot to help Ireland, dealing with his ailing banks be revealed next week, EU sources said the details of a tax four year plan, to save € 15 billion at the same time published at the Freitag.Irland.

Avery Shenfeld, said senior economist at CIBC World markets in Toronto, Ireland is a "look what economically lies before us for greater Spain, that the next target for bond market vigilantes could be together with Portugal."

Shenfeld said Spanish debt pose a much larger cloud over other banks in Europe risks and Spain might need a much larger safety net loan if it fails to meet its deficit targets.

"All good reasons why, at least until the dust settles to worth milling positions in the euro", said Shenfeld.

James Dailey, chief investment officer and senior portfolio manager with TEAM asset strategy Fund, a fund based in Harrisburg, Pennsylvania, ECHO's Shenfeld view.

"I think the euro situation is a lot of highs and deep haben.Und finally next year, it's going to significantly weaker, especially against commodity currencies, move" Dailey said who manages assets of 45 million $.

"He believes the euro is likely in the early stages of a long-term downward trend."Generally speaking, we are probably in the range of $1.10 and $1.40 Handel.Es is a wide range, but the dollar and the euro will probably alternating bouncing to how each country or region through rescue operations.

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Zbigniew Brzezinski? s Grand Chessboard-rupee news

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Did America win on Zbigniew Brzezinski’s Grand Chessboard or did America fail its Hegemonic designs for EURASIA?

The Neocon were inspired by the notion of a lone superpower asserting its might across the world and subscribed themselves to the Grand Chess Board ideology. The architect of this ideology was pivotal in Neocon policy making and writings.

Who do I refer to as the architect, well I refer to Zbigniew Brzezinski and all those who subscribe to his ideology for American & ultimately the hegemony of EURASIA. For those who are not aware of who this man is, please look him up, a major player in International Politics and his kind have been known by a variety of secret names, Illuminati, New World Order, and a host of other secret and shrouded influential societies. Zbigniew Brzezinski a Harvard graduate was and no doubt still is a counselor to The Center for Strategic & International Studies. A Professor for American Foreign Policy at the acclaimed John Hopkins University. He was the National Security Advisor to President Jimmy Carter (1977 – 1981). The Trustee and founder of the Trilateral Commission. Mr Brzezinski is an International advisor of several major US/Global corporations.

He was a very close associate to Henry Kissenger and under President Reagan he was a member of the NSC – Defence Department Commission on integrated Long Term Strategy and also a key member of the President’s Foreign Intelligence Advisory Board. Mr Brzezinski is a past member & director with continued association of The Council of Foreign Relations (CFR). In 1988 Mr Brzezinski was the Co- Chairman of the Bush National Security Advisory Task Force and behind the George Bush Snr. vision for a New World Order. He inspired many among the Neocons who signed up to his vision for a New American Imperial Century, the likes of Rumsfeld, Wolfowitz, Cheney and the countless more were the major contributors to The Project Of The New American Century (PNAC). Brzezinski was also a sharp critic in the way Neocon executed his vision and was often at odds with the incompetent blood thirsty Bush Presidency.

Zbigniew Brzezinski was very outspoken about Neocon invasion of Iraq and felt this was a personal vendetta and not a geostrategic offensive and would fail America in Afghanistan. Mr Brzezinski wanted change from the Neocon mismanagement of the grand game and spoke of greater American global diplomacy to curtail some of the wrong doings of The Neocon misadventures and rhetoric. Today Zbigniew Brzezinski is a chief advisor to the charming and ever so diplomatic Obama.

I believe Mr Zbigniew Brzezinski was at the heart of the PNAC think tank and I say so based on The Neocon aggressive vision for an Imperial America and Zbigniew Brzezinski’s book “The Grand Chess Board” however a failed execution by The Neocons is another thing altogether. Therefore to define American failure or success in EURASIA and ultimately Afghanistan one must measure against what Brzezinski envisioned.

The Grand Chess Board defines his Ideology for American supremacy of Eurasia referring to the Grand Game played on a grandeur scale, & to Hegemonise the most strategically important region in the world – EURASIA.
By EURASIA – Brzezinski defines 4 regions;

1. Europe
2. Russia
3. The CAUCAS & Central Asia referred in his book as Central Balkans
4. East Asia or The far east.

Central to his EURASIAN policy, he Mr Brzezinski refers to America after the cold war as the only sole and truly last global powerhouse – the only superpower.
America must assert itself across this region which it rightfully should inherit because this title and power. Essentially no major power must emerge from the EURASIA region to oppose America. He was essentially for total American Hegemony and Imperialism through brute force and robust aggressive policies essentially incarcerating regional hotspots found slam bang on global strategic trade routes or geostrategic hubs.

Mr Brzezinski wanted the world to not ignore America after the cold war and rightfully give homage and allegiance to the world’s greatest ever economic and military power.

“Ever since the continents started interacting politically, some five hundred years ago, EURASIA has been the centre of world power” – (p.xiii) The Grand Chess Board.

Mr Brzezinski expands further in very plain and candid terms how America must capitalise on its prize of becoming victorious after the cold war as the worlds lone super power.

“It is imperative that no Eurasian challenger emerges capable of dominating Eurasia & thus of also challenging America. The formulation of a comprehensive and integrated Eurasian
geostrategy is therefore the purpose of this book” (p.xiv) The Grand Chess Board. Quotes henceforth will be taken from “The Grand Chessboard” authored by Mr Brzezinski 1998.

The book is vast when discussing and understanding American current and past foreign policy including the Balkan War of the 1990's, but one thing is very apparent America wanted all of the cake for her self and Bharat’s role would be of facilitator a proxy on a grandeur design of The British East India Company replacing British with American. America has no vision of a Bharat equal to her or relevant but sees her as a blunt instrument to play her grand game. Russia assertiveness in old Soviet Satellite states crumbled during the Yugoslav war and her support for Serbs failed and NATO support for the Muslim Muajahdeen once again crippled any reestablishment of an overt Russian Block in The Caucus. Central Balkans we refer to central Asian nations were important equally not to fall within Russian influence and thus Islam again was used to fill any vacuum the Russians may manipulate. The fight to influence and hegemonise The CAUCAS to what Mr Brzezinski refers to as East Balkans was to capitalise on the world’s largest resource centre, untapped oil, gas and minerals that could change the fortune and geopolitical standing of the region. It was imperative for a stagnant American Economy to capitalise on and safeguard a new century of dominance. Therefore it was imperative for American Economic interests that no one asserts themselves in this region. One can see an almost phased strategy to dominate and hegemonise the region, Eastern Europe, The Balkans, Containing Russia and then the final stage would have been containing The Far East (China).

How America should manage and influence EURASIA was imperative to America sustaining her presence as a global power for a very long time to come. When we refer to manage and influence what we are essentially talking about is destabilisation, hegemony and instil her Imperial presence for a very long time at the expense of the innocent masses.

“How America, ‘manages’ Eurasia is critical. A power that dominates EURASIA would control 2 of the world’s most advanced and productive regions. A mere glance at the map also suggests that control over EURASIA would almost automatically entail Africa’s subordination, rendering the western hemisphere and Oceania geopolitically peripheral to the world’s most central continent. About 75 percent
of the world’s physical wealth is there as well, both in its enterprises and underneath its soil. Eurasia accounts for about three fourths of the world’s known energy resources.” (p.31)

One can understand what the prize is to gain strategic importance in this region and why the game players and those with vital legitimate interests in the region go to great lengths to maintain their strategic depth. We know what America and the Neocons saw in this vast region from the CAUCAS to Central Asia, the untapped oil, gas, mineral mines that lie beneath the Caspian, Afghanistan and how to transport through Pakistan to the Straits of Hormuz. Like The British East India Company these jewels could only be extracted if you have overall control of this vast region and a number
of regional partners. Mr Brzezinski and many who subscribe to this ideology felt in a post cold war era America had absolutely no major obstacles to occupy, hegemonise and extract such resources.

” Never before has a populist democracy attained international supremacy. But the pursuit of power is not a goal that commands popular passion, except in conditions of a sudden threat or challenge to the public’s sense of domestic well-being. The economic self denial (that is, defence spending) and the human sacrifice (casualties, even among professional soldiers) required in the effort are congenial to democratic instincts. Democracy is inimical to Imperial mobilization”. (p.35).

However Brzezinski question how to best mobilise national consensus to implement such a global policy, he discusses sudden threats that will essentially make Americans sublime to the casualties in such conflict even if professional soldiers too die along with the civilians. This external threat must affect American domestic well – being and on the morals of democracy America can impose its ideology and impositions on
others. Others who will be incapable of defending themselves against the world’s greatest power. I hope those reading are now reflecting on where this sudden threat came from and how an overpowering force imposed its presence on sovereign foreign lands in the central EURASIAN region of Afghanistan. Zbigniew Brzezinski reminds the reader in his book on the economic worth of hegemony over Eurasia.

“The momentum of Asia’s economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea.” (p.125)

Brzezinski has a very imperial view on America and American hegemonic imposition across the globe.

“in the long run, global politics are bound to become increasingly uncongenial to the concentration of hegemonic power in the hands of a single state. Hence, America
is not only the first, as well as the only, truly global superpower, but it is likely to be the very last.” p.209

“moreover, as America becomes an increasingly multi-cultural society. it may find it more difficult to fashion a consensus on foreign policy issues, except in the circumstance of a truly massive and widely perceived direct
external threat” (p.211)

Zbigniew is making those subscribing to American Global Imperialism think about just how to rally the people of America to engage in a foreign intervention involving American armed forces. He suggests Americans will mobilise together against an external threat that will give America the consensus to engage in the EURASIAN region. Americans reluctant to engage in world war 2 were suddenly faced with an external threat that they must stand united against for the greater good. I refer to American involvement in World War 2 after the Pearl Harbour bombing. Mr Brzezinski also recognises that America to engage in a wider conflict for a very long time to come must need a reason to engage in a conflict. Zbigniew Brzezinski is actually searching for a threat akin to Pearl Harbour that will unite and mobilise America in a conflict that will allow American foreign policy goals to become
indistinguishable with American consensus and ideals, essentially legitimising engagement in a conflict by democratic consensus.

“The attitude of The American public toward the external projection of American power has been much more ambivalent. The public supported America’s engagement in World War II largely because of the shock effect of the Japanese
attack on pearl Harbour” (p.30)

Not only was Mr Brzezinski discussing external threats that threaten the American way but a catalyst to push American people towards engagement of this external threat. So it is clear that for a grandeur engagement in Eurasia – America needed
legitimacy through an external threat but also an overwhelming consensus from within to retaliate against a modern Pearl Harbour.

Once in control of EURASIA America needed to maintain her legitimacy and supremacy in EURASIA, she had to promote herself as the “do gooder” against those it will propagate who do not share the interest and wishes of the region. Mr Brzezinski explains this very well in his book.

“To put it in terminology that harkens back to the more brutal age of ancient empires , the three grand imperatives of imperial geostrategy are to prevent collusion & maintain security dependence among vassals, to keep tributaries pliant and protected, and to keep the barbarians from coming together”.

I do believe America has failed on all 3 imperatives as it neither won the trust and support of the people of Afghanistan and nor could it destroy their alliances with other regional players. Afghanistan has never seen security for 30 years and the last decade was far more so devastating, therefore there was no reliance on American security rather the insurgency fuelled even more so. Americans treated the Pashtuns with contempt largely so for placing their eggs wrongly in one basket namely with the Indians and their N.Alliance minority Afghans. America successfully created an external threat and legitimised a war on Afghanistan but failed on every account to influence the region. American failure could not keep regional stakeholders to whom Mr Brzezinski refers to as barbarians from colluding and influencing any status quo. Major stakeholders being Pakistan and Iran who instead of being approached
by the Neocon and treated amicably were both treated with contempt and again largely falling foul of Indian schematics to pave its way into Afghanistan. Other stakeholders like Russia, Turkey, China, and Saudi Arabia were also ignored as Neocons pursued their simpleton offensive of might is right. The Neocon were not relationship builders nor were they capable of winning the masses and providing them with security. At this juncture the Neocon drifted chasms apart from Brzezinski goal and the conflict became bloodier and brutal without stabilising the region and befriending key stakeholders, the Neocon incessant desire for warmongering led to a major blunder, referring to the illegal war on Iraq. America had lost its prestige, its humility and its pivotal standing and any good will from its modern Pearl Harbour. It is here America seized to become a global Imperial power or empire akin to The British but became a global dictator the world community wanted to distance itself from. American hegemony over Eurasia lost many a pawns on her grand chess board because of Iraq, they kept falling until America in spite of her unparallel fire power was left bare and vulnerable.

America had just lost her prestige and dominance giving rise to regional players to out manoeuvre her very easily. The Neocons misadventures into Iraq failed to allow them to maintain their focus on Central Balkans a region Zbigniew Brzezinski called central to world dominance.

Referring to an area Mr Brzezinski called “Eurasian Balkans” and in a 1997 map in which he is said to circle the exact location ( Central Asia linked to Caspian Sea and down to The Persian and Arabian Gulf) he described this exact location back in 1997 “Moreover they ( Central Asian Republics) are of great importance from the standpoint of security and historical ambitions to at least three of their most immediate and more powerful neighbours, namely Russia, Turkey and Iran, with China also signalling an increasing political interest in the region. But the Eurasian Balkans are infinitely more important as a potential economic prize: an enormous concentration of natural gas and oil reserves is located in the region, in addition to important minerals, including gold.” (p.124)

“once pipelines to the area have been developed, Turkmenistan’s truly vast natural gas reserves augur a prosperous future the country’s people” (p.32)

These networks of pipes extract the gas and oil from The Caspian basin and travel to what was the once Yugoslav Republic, directly through Kosovo and reach Europe. Now for those who completely missed what I wrote and have a short lived memory, does this give clarity on why Balkanisation of Yugoslav and the conflict in Kosovo between forces loyal to Russia (Serbs) and those whose cause was taken up by NATO
Bosnian Muslims, Kosovan and Albanian Muslim actually took places. The core reason for the war was hegemonic designs for the region linked to The Caspian Basin untapped oil reserves. NATO won that war safeguarding future oil and gas supplies to Western Europe and similarly today a war is ending East and South East of the Caspian Basin the region of Central Asia. Whoever influences over these pipelines has immense geostrategic leverage and the potential for great economic prosperity. Afghanistan like Kosovo is the major land locked region in Central Asia and hence I draw parallels between the Balkan Wars and Afghanistan war. The political reason a facade but at the heart is a fight for economic, regional or in America’s case global supremacy.

“In fact, an Islamic revival – already abetted from the outside not only by Iran but also by Saudi Arabia – is likely to become the mobilizing impulse for the increasingly pervasive new nationalisms, determined to oppose any reintegration under Russian and hence infidel control” (p.133)

It was in American interest to revive Political Islamic to galvanise anti Russian sentiment but Brzezinski did not have an answer how to dissolve Islamic revival in the Islamic lands and adopt American policies. The Neocon War on Terror further alienated the Islamic world and Neocon aggressive policies and offensives and mobilisations against Islam have only fuelled this revival further and has led them into the quagmire they are in today in Afghanistan. Again this comes from not befriending Iran or Pakistan and limiting early Saudi Arabia involvement. I believe this is another example of how Neocon were completely misguided by India and her desire to increase her regional and global footprint. India played USA off against Pakistan and Iran supporting, arming Jundullah against Iran as well as Tereek-e-Taliban and BLA against Pakistan under the American Neocon umbrella in Afghanistan. This failure of Neocon to involve Pakistan and allowing Indian pervasive agendas from within Afghanistan to destabilise not only Pakistan but also Iran while American media demonised both Iran and Pakistan has now brought these nations closer together. Here again we see a departure from what Mr Brzezinski intended for Pakistan.

“For Pakistan, the primary interest is to gain Geostrategic depth through political influence in Afghanistan – and to deny Iran the exercise of such influence in Afghanistan and Tajikistan and to benefit eventually from any pipeline construction linking central Asia with the Arabian Sea.” (p.139)

In fact the opposite has precipitated out of Neocon feverish attempts in partnership with India to terrorise, destabilise and demonise Pakistan. Pakistan and Iran have signed an agreement to build a gas pipeline which will not eventually link with India but instead with China – I-P-C much to Washington’s dissatisfaction. Pakistan will further benefit from a pipeline linked to Turkmenistan via Afghanistan, all under a diminished “imperial” role for America in Afghanistan and total isolation of India. Mr Brzezinski message to the Neocons was clear “engage Pakistan” instead they followed the Indianphiles into the current American predicament in Afghanistan and imminent retreat by mid 2011.

In the grand scheme of things America sacrifice, investment and total devastation of American image abroad was all a welcomed sacrificed had America successfully created her hegemony in Afghanistan.

Zbigniew Brzezinski writes “It follows that America’s primary interest is to help ensure that no single power comes to control this geopolitical space and that the global community has unhindered financial and economic access to it.” (p.148).

In other words American influence from the Caspian to the Arabian Sea must remain paramount and central is American hegemony over Afghanistan which has failed abysmally. Here again Neocon policies to alienate Iran and Pakistan through India has proved wholly unsuccessful. China, Pakistan, Iran, Turkey and Russia are not engaged in fighting for total dominance but working together towards regional stability and prosperity. This will begin with the American imminent withdrawal from Afghanistan and construction of the oil and gas pipelines across central Asia which will be further enhanced through road and rail links. Central Asian energy resource an distribution links will go towards integrating Central Asia linking major players like China, Russia, Turkey and Iran to the ISTAN nations of Central Asia and the Arabian Sea. American influence will slowly dissolve and her concentration will be to monopolise Asia Pacific through India but even there she will face major obstacles and hostilities thanks to the legacy of Neocons and an over indulgence with India. Obama is Zbigniew Brzezinskis last hope to hold together American influence in Eurasia by rectifying the mistakes of The Neocons by partnering with major stakeholders but one thing is for sure total dominance for America in Eurasia looks bleak.

Therefore in answering the title of this article I will leave it to you to decide. American economy is crippled, America can not sustain itself in Afghanistan which has become its longest war. America has no role for India inside Afghanistan and rightly so. America seeks reconciliation with the Taliban, 9 years later and
America is now full circle here in Afghanistan, it has neither contained China, nor has it contained Russia, Iran. It has alienating its only real ally Pakistan where anti American sentiment has never been so high for a country that has never been but warm and friendly to America. Afghanistan is firmly in the Taliban and insurgent control and it is said over 90% is well within the Afghan National Resistance control a collective name for the myriad of groups fighting alongside The Taliban against America and NATO inside Afghanistan. Americans are set to leave Afghanistan and withdrawal will begin in 2011 after which an alliance between Turkey, Iran, China, Pakistan and Russia will come together to stabilise this region.

The Neocons failed Zbigniew Brzezinski and all who subscribed to The New American Century. America is no longer the lone super power woth emrging power epicentres many of whom will work in allaince to counter American assertiveness.

Filed under: Current Affairs Tagged: | United States, Central Asia, Zbigniew Brzezinski, Jimmy Carter, Soviet Union, New World Order, Center for Strategic & International Studies, The Grand Chessboard

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Than euro mixed dollar recovers

The US dollar trade traded mixed against major currencies in the late New York on Friday as the euro restored by confidence that Ireland's debt problems could be solved.

Euro fluctuated between 1,365 and 1,370 against the dollar in the most Friday's trading session.

Ireland could received financial support from the euro zone partners but remained unclear for now how much credit required to resolve debt problems.

Federal Reserve Chairman Ben Bernanke, back to critics of the Fed latest bond purchase programme in a Conference at the European Central Bank in Frankfurt taken.His speech helped narrow the U.S. Treasury yields, leading to a decline in the dollar against the yen.

In the late Friday, the increased trade, bought 83.49 yen, compared with 83.45 late Thursday, dollar and euro on 1.3672 1.3627 dollars.

The British pound fell from 1.6004 on 1.5973 US Dollar.Der dollar fell from 0.9965 adjusted 0.9952 against the Franks and fell to $1.0214 1.0183.

Source: Xinhua

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Stock Trading: Professional Stock Trader Library (Interactive Cd-roms) 2010

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Rupee to 9 paise vs dlr on rebound in ...

Mumbai, 18 november: The Indian rupee today snapped out of the four meetings of the losses of the spree and moderately by nine paise recovered to close at $ RS 45.22/23 against the u.s. currency after late local shares rebound in the midst of a weaker dollar overseas.

Good dollar question of importers, particularly the oil refineries, after mid-session of the rupee rise also supported.

In a pretty active trading on the market of the interbank foreign exchange (Forex) opened the local unit is weak on RS 45.44/45, a dollar from Tuesday close to RS 45.31/32/a dollar. yesterday, was the market closed for "Bakri-Id".

It became later a fresh 2-months intra-day low of 45.58 in accordance with the steep drop in shares where the benchmark Sensex with nearly 250 points in the morning trade decreased.

But, the Indian currency recovered in the last part of the day to log a culmination of 45.2075 prior to the conclusion at 45.

-Agencies

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As dollar weakens further, NZD/USD continue to achieve higher highs

Sorry, that I couldn't read the contents fromt this page.

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Guilty men: When the supporters of the euro to apologize?

Heseltine, Blair and Clarke launch their campaign to scrap the pound

Would you trust a economic forecaster who had recently said?

The euro, despite the silly assumption by many commentators that it needs to be judged according to the external level with the dollar, has already large internal stability in the euro

Or this?

The euro has done more to maintain budgetary discipline in the rest of Europe than any number of incentives of the IMF and the OECD. If we remain outside the euro area, we'll just continue to disappear in a position of relative poverty and inefficiency in comparison with the more prosperous European neighbours.

The author of these lines is alarming, Nick Clegg, now our Deputy Prime Minister.

Even more hilarious wrong is this piece by the Minister of Environmental Affairs, Chris Huhne.Each line is rich in comedic irony, but perhaps the best is this:

If we get rid of sterling and the euro, we will also get rid of sterling crises and Sterling overvalued.This gives us a real control over our economic environment. Our manufacturers, farmers and other trade companies would be able to count on the exchange rate against our key continental trading forever remain unchanged.

Not that I want to catch up on Lib Dems.Michael Heseltine thought it was "barking mad" not connecting to the beginning. Peter Mandelson governed that "the price we lost investments pay and employment would be incalculable". Ken Clarke agreed, saying "of Britain's economy would be damaged if we stayed too long". five minutes at Google will show similar feelings of Tony Blair, Chris Patten, Gordon Brown, Vince cable, Peter Hain and the rest.

In a wonderful blog post says Peter Oborne that he contacted the main proponents of the Monetary Union – Hezza, Brittan, Mandie, Kinnock, Kennedy-to ask if their views had changed. no back his call.

I'm not holding out for a retraction (although Danny Alexander deserves credit for one of the few Lib Dems have publicly admitted that he got it wrong) but it would be nice if the BBC trotting these characters stopped out like they are disinterested experts, during the presentation of those of us who are against the euro as a right-wing 'gekken. we do not want an apology, those of us who call the correct: we just want to listen to next time.

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William Hague doubts about the future of the euro

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Hague doubts about the future of the euro

The Minister of Foreign Affairs, a noisy and prolonged critic of the European Monetary Union, said he "hopes" that the euro would survive, but added: "who knows?"

His comments came as discussions continue on the possible need to bail out debt Ireland, the most recent crisis affected euro area Member.

Asked whether the euro could collapse, Mr Hague told BBC Radio 4 today programme: "well I hope not.

"Nobody has pointed out more of the problems than me over the years, in having a currency in which we lock each other Exchange rates and interest rates of countries with different economies.

"But I hope not. who knows?

"If an economist that, let alone a politician knew, would be very gifted people, but obviously we want to ensure there is stability in the euro area and regardless of the euro area there is a specific case for assisting Ireland if Ireland that is asking for help."

The Government has repeatedly stressed that Dublin has not asked for financial assistance, despite the pressure from within the European Union to accept a package to calming nervous markets.

Officials of both the European Commission and the International Monetary Fund were in the Irish capital on Saturday to discuss the options for ensuring that Ireland can deal with are struggling banks.

Mr Hague said: "it's very in the British national interest for the euro area to be stable, no matter how much we all the errors that would have, and I pointed them out more than most.

"But the fact is that it exists and is a very serious problem in the euro area will have an impact on our economy, jobs and companies in our country."

The United Kingdom had a particular interest in supporting Ireland due to the interconnectedness of the two countries ' economies, he added.

"We are willing to help in the case of Ireland, although no formal request was made that need help, there are meetings that is going on a precautionary basis," Mr Hague said.

The Treasury has not ruled out all options concerning financial aid to Ireland, including the possibility of a bilateral bail-out, although that seems unlikely.

Great Britain would be necessary in order to ensure to about 6 billion pounds of aid in the framework of the mechanism of stability in Europe, if that option is pursued.

Many Tory MPs are deeply opposed to the use of UK taxpayer money to bail out Ireland.

Earlier this week, Edward Leigh warned: "the British people want to be sure at a time very painful cuts are here that there is no harm in driving good money is thrown the Irish further in the sclerotic arms of the euro in the first place the problems."

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$ Worldwide 'weakest currency,' says JPMorgan

INTERNATIONAL. The dollar may fall under ¥ 75 next year as it will world "weakest currency" due to the Federal Reserve monetary easing program according to JPMorgan and Chase Co.

Keep the American Central Bank, together with those in Japan and Europe, interest rates at record low 2011 is like trying to economic growth, boost, said Tohru Sasaki, head of Japanese prices and foreign exchange research at the second-largest U.S. Bank by assets.

U.S. policy makers additional easing steps that take the $600 billion bond program announced this month per inflation and the labour market purchase, he said.

"The United States has the largest current account deficit but keeps interest rates to almost zero" Sasaki said yesterday at a forum in Tokyo."The dollar can avoid the status as the weakest currency."

The Fed said in Novenebr 3 US$ 75 billion of treasuries a month until June on CAP borrowing costs kaufen.Die Central Bank has its key interest rate in a range from 0 (zero) to 0.25% since December 2008 gehalten.Die Bank of Japan on October 5 cut its key interest rate to a number from zero to 0.1% and a ¥ 5 trillion (59.9 billion USD) asset purchase Fund established.

The greenback declined after the second world war low of ¥ 79.75 Yen in April 1995.Die U.S. currency fell against 12 of his 16 most traded colleagues this year according to data from Bloomberg.

There is no need for any monetary tightening in the U.S. and extended easing inflationary pressures with the balance sheets of banks and increase households still hurt from the fallout of the global financial crisis won't Sasaki said.

Ten-year Treasury bond yields may drop next year to approximately 2.25% and your bonus of similar maturity Japanese income will not widen, he said.The benchmark 10-year Treasury revealed 2.89% today.

The world economy is expected to expand 3% next year surrounded by central banks, "repeating a pattern of early 2002 until the end of the year 2004" additional liquidity provided an improvement of the risk appetite increased, 25% against the yen fell shares and raw materials and the dollar, Sasaki said.

With monetary easing in the United States and Europe Japan likely demand for revenue increase and strengthen the global recovery, weaknesses against other currencies besides the last seen Sasaki said $levels, the beginning of 2007, the yen ready.

Japan will refrain from selling the yen, even if it strengthens intervention against the dollar, following international criticism of Forex, er.Die said nation intervened in the currency markets for the first time in six years on Septemebr 15, if increased the yen to a 15-year high.

Date:Posted: 19.November, 2010INTERNATIONAL.Singapur-basierte DBS Bank plans step for his local game play to the region surging Megatrends and relying on its greatest asset - is a reliable home grown brand.

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William Hague casts doubt on future of the euro

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India's forex reserves decreased by $ 1.9 billion

India (forex) foreign exchange reserves decreased by $ 1899 billion, down to 298. $ 31 billion, during the week ended 12 november due to a sharp decline in its foreign currency reserves.

Foreign currency reserves, with US dollar, euro and British pound, among other things, fell 1.79 billion dollar down to 269.49 billion dollars during the week examined, according to data released by the bank of India (RBI).

Special drawing rights (SDRs) decreased $ 73 million to 5152 billion dollars and reserve with International Monetary Fund fell 34 million dollars to 2001 billion dollars.

However, the value of gold reserves remained unchanged at 21.66 billion dollars.

--Indo-Asian News Service

GK/rn/vt

(115 words)

2010-11-20-17: 31: 11 (IANS)

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Morse trust acquisition of euro values

18 November 2010 | By Adam Lewis

Sam Morse is about the £ 693 million Fidelity investment trust carried out European values from the beginning of next year.

Morse, who has managed the open-ended £ 3 billion Fidelity European Fund since January, it will be replaced by Sudipto Banerji.

In October, Banerji took on management of the Fund of the Fidelity global opportunities and says that he will return to be a full-time member of the global equity team.

The Governing Council of the European values trust says they have over the last year spent watching the Morse success in transferring his approach of UK shares are to be carried out for the European Fund.

The statement says: "this is a good opportunity for both the open and closed-end European vehicles under the same manager. This reflects the responsibilities of the management as seen in the areas of both Anthony Bolton and Tim McCarron."

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