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  • Western Union Business Solutions - Gold prices touch one-month highs
    and Greece Wednesday saw the shared currency of the European Union on the rise which typically proves to be beneficial to the yellowish metal This morning there is a general commodities run the whole sector is up by different degrees analyst Nikos Kavalis with RBS Global Banking Markets told Reuters This to a large extent is linked to the euro doing rather well At 9 30 a m on Wednesday gold futures gained 1 3 percent a 21 10 left to 1 638 per troy ounce The yellowish metal continues driving up after achieving its largest one day rise this past Friday when it gained 4 3 percent That upward spike marked the biggest climb for bullion in more than 36 months The Friday lift was partially linked with underwhelming economic data about U S payrolls which prompted further discussion about economy spurring measures such as the U S Federal Reserve deploying another round of monetary easing Monetary easing draws down the value of the U S dollar which proves to be beneficial to the price of gold We are positive on gold and it is definitely very encouraging that we ve gone past the 1 600 milestone the RBS analyst told Reuters It has moved up the whole support level but to regain traction we need the professionals to go back in MarketWatch attributed gold s gains on Wednesday to the world s reserve currency losing some of its luster of the sort that had proved to be damaging to the yellowish metal earlier this year The Dollar Index a metric that gauges the value of the U S dollar against six rival currencies was sliding MarketWatch reports The recent upward drive for the precious metal comes as it finds itself in its biggest slump in 10 years according to Bloomberg During a four month period leading up to May gold dropped 10 percent High flying investor George Soros and hedge fund manager John Paulson have been active enthusiasts of the yellowish metal Soros purchased more during the first three months of this year and Paulson retained the largest interest in the biggest exchange traded instrument that is supported by the precious metal We will see some easing and that will push gold higher but the reality is that we are on hold until the outcome of the Greece elections John Stephenson with First Asset Investment Management in Toronto told Bloomberg Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Gold prices spike as stimulus talk grows Conjecture about the central bank of the U S potentially preparing to provide stimulus to the econo Fed minutes from June meeting pull down gold prices Gold prices were driving down on Thursday in the aftermath of indications that the central bank of t Gold prices dive Gold prices scraped

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-prices-touch-one-month-highs.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro gains value as Greek deal appears set
    for the Swiss franc It s quite obvious the Swiss franc is overvalued and we might see some kind of a correction The euro s gains against the greenback were the first in about 21 days The yen dropped from a four month high as reports stated U S lawmakers are eyeing a deal to close the acrimonious political debate But MSNBC reports that some long time Congressional Democrats are upset about concessions President Obama is making to Republicans and their being excluded from involvement with the talks Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Euro gains against the dollar as discussions for Greek bailout terms set to begin again The value of the common currency of the European Union rose against the U S dollar on Tuesday as a Pound gains against euro falls against greenback The English pound climbed in value against the shared currency of the European Union on Tuesday but Euro loses value as doubts emerge about Greek debt deal The shared currency of the European Union slipped in value on Wednesday against the U S dollar as d Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-gains-value-as-Greek-deal-appears-set.aspx (2012-12-22)
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  • Western Union Business Solutions - Aussie, Kiwi lose value amid report indicating slower Chinese development late last year
    a bit of pressure on the Aussie dollar foreign exchange dealer Jeremy Jukes with currency brokerage Velocity Trade of Auckland told Bloomberg pointing to China s economic output Gross domestic product in China grew 8 7 percent as compared to one year prior the slowest advance as compared to the second quarter of 2009 a Bloomberg survey indicates The Wall Street Journal reports the Aussie is strong and the possibility of rate cuts is likely due to anticipated troubles in the retail and manufacturing sectors Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Aussie Kiwi lose value against greenback as Greek election nears South Pacific currencies lost value against the U S dollar on Wednesday as worries grow about the s Kiwi Aussie drop against yen amid disappointing U S Chinese economic data South Pacific monetary units sank to their lowest rates thus far this month on Monday against the Ja Aussie Kiwi climb amid strong U S economic data South Pacific currencies achieved their highest values in 12 weeks against the world s reserve curre Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Aussie-Kiwi-lose-value-amid-report-indicating-slower-Chinese-development-late-last-year.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie gains against greenback as all eyes fall on Bernanke
    barrel all eyes are on a labor and employment report expected for release on Friday Job creation in May fell to 20 000 a sharp reduction from the 58 300 that were created in April The jobless rate remains at 7 6 percent Traders also were awaiting the Tuesday afternoon remarks of Ben Bernanke U S Federal Reserve chief Ben Bernanke the Canadian Press reports He is the featured speaker at the International Monetary Conference in Atlanta Georgia Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Pound gains against euro falls against greenback The English pound climbed in value against the shared currency of the European Union on Tuesday but Loonie falls from 3 plus month high against greenback as focus trains on Bernanke The value of the Canadian dollar edged down against its southerly rival on Wednesday slipping away Yen gains against greenback as Bank of Japan opts against strengthening stimulus program The value of the Japanese yen gained the most in 14 days against the world s reserve currency on Fri Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-gains-against-greenback-as-all-eyes-fall-on-Bernanke.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro gains against dollar as Bernanke testimony kicks off
    O Neill with EMEA at Merrill Lynch Wealth Management told Reuters Bernanke s testimony which is scheduled for Tuesday and Wednesday is likely to include pointed questions about whether the body he leads is driving toward a third round of quantitative easing among other devices at his disposal Debt hobbled Spain sold the euro equivalent of 4 37 billion worth of treasury bills on Tuesday and later in the week finance ministers in the 17 nation bloc are set to conduct a teleconference to discuss Spain s pact for bank recapitalization according to The Wall Street Journal Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Dollar gains against euro following fed chief testimony Words of the U S central banker on Thursday strengthened the U S dollar against the common curren Euro climbs against dollar as pound Australian dollar slip Europe s shared currency recovered against the U S dollar Friday morning as the euro regained some Pound gains against euro falls against greenback The English pound climbed in value against the shared currency of the European Union on Tuesday but Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-gains-against-dollar-as-Bernanke-testimony-kicks-off.aspx (2012-12-22)
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  • Western Union Business Solutions - Russian premier opines on U.S. economic policy
    also was critical of the U S being parasitic since the U S dollar is the globe s reserve currency With the Group of 20 meetings coming early next month Putin also suggested the U S work to solve global economic imbalances He advised we work with European nations and Brazil Russia India China and South Africa the so called BRICS nations Reuters reports the Russian leader said harm caused by the sovereign debt crisis in the euro zone can be best addressed by the resource rich euro zone Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Aussie Kiwi climb amid strong U S economic data South Pacific currencies achieved their highest values in 12 weeks against the world s reserve curre Mexican Canadian leaders to meet with President Obama to discuss economic issues The three leaders of the North American continent s nations are meeting at the White House on Monday Aussie Kiwi benefit from strong U S economic data South Pacific currencies gained in value against the world s reserve currency on Wednesday Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Russian-premier-opines-on-US-economic-policy.aspx (2012-12-22)
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  • Western Union Business Solutions - Gold prices regress toward $1.6k
    for bullion on Thursday represents the diametric opposite of gains for the yellowish metal from earlier this week Gold gained amid fierce speculation noting that central banks throughout the world were preparing to intervene and water down monetary policy as strategies of providing a modicum of stability to financial systems The pace of global development and growth has been on the wane particularly indicated by reductions to manufacturing information in the U S the euro zone and China But the interest rate reduction effected by the European Central Bank did not come as a surprise Rather that rate slash prompted traders and investors to more strongly drive toward the world s reserve currency The market for bullion had priced the central bank of Europe s rate reduction head precious metals dealer Frank McGhee with Integrated Brokerage Services told The Wall Street Journal The interest rate cut is weakening the euro That re creates the race of who can run their currency down the fastest But of consideration to the dollar s value these days is two banks moving forward with their own strategies of monetary easing The People s Bank of China and the Bank of England both embarked on programs to spur their economies with monetary easing intervention Thursday saw the U S Dollar Index a metric that measures the value of the U S monetary unit against six competing currencies surge to its highest value on one week Pulling down other monetary units was speculation that intervention would draw down the other currencies The programs to spur the particular nations economies also demonstrated the fragility and tenuousness of the global economy according to MarketWatch Both programs the one of the ECB and that of the Bank of England were largely anticipated But the ECB program immediately pinched the shared currency of the European Union while also pulling down the price of gold The PBOC effort was a reduction of benchmark lending and deposit rates and the financial institution also indicated it was deploying lending rules that were more relaxed Though U S markets were closed on Wednesday in observation of the U S national birthday the yellowish metal was at its highest price in two weeks on Tuesday That upward spike in value was attributed to anticipations about central banks moving forward with the easing programs Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Gold prices push toward 1 6k Increased demand pushed up the price of gold on Monday as bullion reversed three consecutive days of Gold prices drop toward 1 6k as all eyes fall on policy makers The price of gold was hovering about the milestone mark of 1 600 per troy ounce on Wednesday as inv Gold prices surge to four month high and knock on door of 1 7k The

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-prices-regress-toward-2416k.aspx (2012-12-22)
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  • Western Union Business Solutions - Gold prices push toward $1.6k
    that suggests the global economy is driving toward a slowdown of growth and development There is option activity here and volatility is being bought over COMEX gold options floor trader Jonathan Jossen told Reuters There is a big put buyer buying futures and August 1 550 puts and that usually pertains a move up At 2 26 p m on Monday the price of gold climbed 0 72 percent an 11 30 lift to 1 590 20 per troy ounce Category Industry News Share Foreign Exchange Services for Business With a focus on payment services Western Union Business Solutions enables businesses of all sizes to send funds internationally through our global payment solutions See our available FX payment services Related posts Gold prices regress toward 1 6k The price of gold was driving lower on Thursday plunging back toward the milestone price of 1 600 Gold prices drop toward 1 6k as all eyes fall on policy makers The price of gold was hovering about the milestone mark of 1 600 per troy ounce on Wednesday as inv Gold prices spike as stimulus talk grows Conjecture about the central bank of the U S potentially preparing to provide stimulus to the econo Industry News 1486 Media Coverage 305 News Releases 24 Past Events 28 Recent Posts Aussie hovers as U S leaders struggle with negotiations Loonie benefits from better than expected Canadian U S data Euro rises after stronger than expected U S data released Yen notches top gain in six weeks Peso dips as Obama Boehner encounter snag Pound climbs against dollar after policy makers overwhelmingly supported end of intervention Tag cloud AUD Australia CAN Canada CHF China CNY EUR Foreign Exchange news FX Risk Management news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-prices-push-toward-2416k.aspx (2012-12-22)
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