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  • Western Union Business Solutions - Fed minutes from June meeting pull down gold prices
    nearing its starting point Reuters reports One strategist said a third round of quantitative easing more colloquially known as QE3 remains a possibility Should that scenario ensue the precious metal would respond accordingly the strategist said While the prospects of QE3 taking place on some time scale are still reasonable this is likely to remain the primary focus of the gold market strategist David Jollie with Mitsui Precious Metals told Reuters Euro s swoon dollar s rise press down gold Pushing up the dollar and down the yellowish metal on Thursday was economic information indicating new applications for jobless benefits dropped to their lowest amount in 48 months That helped the world s reserve currency maintain its highs of two years against the shared currency of the European Union The two year lows achieved by the 17 nation monetary unit applied pressure against the yellowish metal The Wall Street Journal reports While bullion dropped on Thursday so did the interest of traders and investors in the precious metal We have seen very little in the way of physical demand lately and even the usual Asian buyers have been notably absent traders told The Wall Street Journal Prediction of grandeur But despite the poor performance as of late for the yellowish metal the next five plus months will see it surge in value 22 percent to push past its record price a high flying fund manager told Bloomberg during an interview Sprott Inc founder and chair Eric Sprott told the news source that abundant amounts of debt throughout the world will slow down the world s forward progress and the pace of global development and growth will slacken He said minimized demand for the yellowish metal is something that he simply cannot bring himself to fathom He also said he was not optimistic about the abilities of the powers that be to grasp ahold of the threats posed by debt Established on September 7 of last year the all time high price for gold is 1 923 70 per troy ounce The 67 year old fund manager while noting that the yellowish metal has outperformed all worldwide financial markets since 2000 forecast gold to set new record prices by the end of this year We have a fundamental problem in the sovereign and banking system in the world Sprott told the news source Probably nobody has any conception of how bad it is 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 slip as investors await release of Fed minutes Uplifting economic news from the U S pulled down the price of gold on Tuesday Gold prices edge higher as Fed prepares to release minutes The price of gold was edging up in value on Wednesday as the world s reserve currency benefited from Gold prices hover

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Fed-minutes-from-June-meeting-pull-down-gold-prices.aspx (2012-12-22)
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  • Western Union Business Solutions - Canadian dollar notches seventh consecutive day of gains
    Fund according to Bloomberg The loonie also gained this week from the pact between six central banks to ease lending in dollars With Canada being the top trading partner of the U S the currency is sensitive to occurrences in its southerly neighbor The U S is the recipient of more than 70 percent of Canada s exports Canada s economy is underpinned by the export of its natural resources and the top commodity is crude oil 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 Canadian dollar notches three consecutive days of gains The monetary unit of Canada increased in value for a third consecutive trading session on Tuesday ag Canadian dollar drops against greenback for first day in four The value of the monetary unit of Canada dropped against its southerly rival on Friday marking the Canadian dollar climbs against greenback but gains tempered by economic data The value of the Canadian dollar increased against its southerly rival on Tuesday 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 Zealand Portugal Spain United Kingdom United States USD

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Canadian-dollar-notches-seventh-consecutive-day-of-gains.aspx (2012-12-22)
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  • Western Union Business Solutions - Greenback edges up against euro
    tranche global currency strategy head Marc Chandler with Brown Brothers Harriman told MarketWatch The U S dollar has remained surprisingly strong for two primary reasons according to the International Business Times Firstly an abundant supply of dollars remains in the economy which is the purpose of fiscal stimulus And secondly the U S dollar remains empowered as the world s reserve currency Serious threats to the integrity of the euro are present in the form of the sovereign debt crisis that euro zone officials cannot contain the publication reports 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 Euro climbs against greenback as Greek outlook gains strength Conjecture about debt hobbled Greece taking action to preserve its place in the 17 nation euro zone Euro loses value against greenback as Spain concerns grow The value of the common currency of the European Union lost value against the U S dollar on Friday 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/Greenback-edges-up-against-euro.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro drops as ECB plan reviewed for legality
    decision But when the euro zone s most significant central bank is being skeptical it doesn t encourage international investors to be holders of euros head of currency strategy Jeremy Stretch with CIBC told Reuters Spain is moving a glacial pace to request the bailout aid which the European Central Bank requires as one condition to commence bond purchases The New York Times reports that Spain will present its 2013 draft budget on Thursday 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 drops after Germans oppose ECB comments The euro dropped during trading on Monday negatively affected by opposition to European Central Ban Euro drops to dollar as Poland summit delivers no plan The German chancellor turning down a euro zone bond was one factor that dragged down the value of th Bloomberg Euro Drops Versus Most Major Peers as ECB Disappoints Investors From Bloomberg Businessweek Australia s dollar was little changed versus the dollar as risk a 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 Zealand Portugal Spain United Kingdom United States USD Archive 2012

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Euro-drops-as-ECB-plan-reviewed-for-legality.aspx (2012-12-22)
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  • Western Union Business Solutions - Bloomberg: Euro Drops Versus Most Major Peers as ECB Disappoints Investors
    Aussie climbed to A 1 1606 and the kiwi advanced to NZ 1 4995 The Aussie and the kiwi are two currencies that seem to be standing apart from the general risk on and risk off sentiment around the ECB and Fed statements said Ravi Bharadwaj a market analyst in Washington at Western Union Business Solutions a unit of Western Union Co WU The Aussie s most recent reports on retail sales as well as trade balance give the Reserve Bank of Australia a little more time to understand the direction of the Australian economy Read full article Category Media Coverage 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 Bloomberg Euro at 12 Year Low Versus Yen on Crisis Dollar Drops on Fed From Bloomberg Businessweek The euro fell for a fourth straight week against the yen touching the Bloomberg Euro Drops Versus Dollar Yen on Greece Crisis Contagion Concern From Bloomberg Businessweek The euro fell for a third week against the dollar reaching a four mont Euro drops after Germans oppose ECB comments The euro dropped during trading on Monday negatively affected by opposition to European Central Ban 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Bloomberg-Euro-Drops-Versus-Most-Major-Peers-as-ECB-Disappoints-Investors.aspx (2012-12-22)
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  • Western Union Business Solutions - Bloomberg: Euro Drops to 1-Month Low on Outlook; Dollar Index Climbs
    the most expensive since March 6 It was 0 4 percentage point below Euribor on May 4 the least this year The rate cut today may not be the type of move that could actually solve any major problems in the euro zone Ravi Bharadwaj a market analyst in Washington at Western Union Business Solutions a unit of Western Union Co said in a phone interview The markets are very well aware of this and the sell off in the euro seems to make sense because of that Read full article Category Media Coverage 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 Bloomberg Euro at 12 Year Low Versus Yen on Crisis Dollar Drops on Fed From Bloomberg Businessweek The euro fell for a fourth straight week against the yen touching the Euro climbs against dollar following strong economic data The value of the shared currency of the European Union notched its top value in seven days against t 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 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Bloomberg-Euro-Drops-to-1-Month-Low-on-Outlook3b-Dollar-Index-Climbs.aspx (2012-12-22)
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  • Western Union Business Solutions - Bloomberg: Australian, NZ Dollars Decline to Six-Month Lows on Greek Risk
    in Washington at Western Union Business Solutions a unit of Western Union Co WU WU Australia s dollar fell 0 7 percent to 97 46 U S cents at 5 p m in New York yesterday It touched 96 90 the lowest since Nov 25 The currency traded 1 3 percent weaker versus the yen at 77 45 yen after falling to a six month low of 76 87 New Zealand s dollar declined 0 6 percent to 75 after sliding to 74 57 the least since November The kiwi fetched 59 61 yen after declining 1 9 percent to 59 19 the lowest since December Read full article Category Media Coverage 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 Rupee declines as risk aversion sets in Indian stocks and the rupee the nation s currency declined on Wednesday after rumors of renewed ho Bloomberg Aussie N Z Dollars Climb Most in One Month on Draghi Talk From Bloomberg Businessweek The Australian and New Zealand dollars gained the most this month again NZ Dollar Up Late As Market Awaits Greek Decision Bonds Down Wall Street Journal In an interview with the Wall Street Journal Western Union Business Solutions 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Bloomberg-Australian-NZ-Dollars-Decline-to-Six-Month-Lows-on-Greek-Risk.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie gains in strength amid optimism emanating from euro zone
    Wednesday morning according to Dow Jones Newswires The brighter outlook also benefited other currencies which demonstrated a stronger performance against the greenback The value of the dollar dropped to levels against the loonie not seen since late last month Dow Jones Newswires reports The bullishness has been impressive particularly since news flow has only been about a plan for a plan chief currency strategist Camilla Sutton with Scotia Capital in Toronto told Dow Jones Newswires adding in a client note Risk assets are rallying leading into the announcement which to us suggest that markets are desperate for a plan But the U S dollar already had been feeling the pinch as a result of investors gravitating toward currencies that deliver higher yields in anticipation of a speech by Jose Manuel Barroso president of the European Commission Barroso is likely to expound on how euro zone banks will be re fortified and how public sector assistance is likely to be directed to Greece which is the prime example of a euro zone nation suffering from the sovereign debt crisis Greece is presently waiting on the second tranche of international bailout aid part of which will be used to cover repayments from the first round which was disbursed in June 2010 The nation last month said it would run out of money in the middle of this month and international regulators indicated the Aegean nation will get the tranche in November In the meanwhile markets are bracing for a Greek default on repayment obligations The Canadian Press reports the value of the loonie gained one full U S cent as compared to the greenback A foreign exchange director said the loonie s strong performance might be sustained and it might even achieve equal value with the greenback This little run may have some legs Blake Jespersen with the Bank of Montreal in Toronto told Bloomberg The Canadian dollar may take a run at parity The loonie s growth matched that of the dollars of Australia and New Zealand both of which also are linked with commodities Crude oil which is the top export of Canada s export based economy also gained in value Canada is natural resources rich which underpins the nation s economy When compared to the Canadian dollar the two worst performing of the 16 rival currencies were the U S dollar and the Japanese yen according to 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 Loonie rises against dollar amid euro zone optimism The monetary unit of Canada rose to its top value thus far in October following a report indicating Euro gains amid euro zone optimism The shared currency of the European Union continued driving higher in value on Friday morning amid l Euro climbs against greenback as Greek outlook gains strength Conjecture about

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-gains-in-strength-amid-optimism-emanating-from-euro-zone.aspx (2012-12-22)
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