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  • Western Union Business Solutions - German, French leaders speak of desire to aggressively tackle debt scourge as developing markets' vulnerability weighed
    European authorities on this subject Five countries are at the core of the crisis Known as the PIIGS Portugal Italy Ireland Greece and Spain are the most prone nations with beleaguered banks and public finance systems Italy s economy is the region s fourth largest and Greece is teetering on the cusp of default as it waits on disbursal of aid from a second tranche that will partially be used to make repayments on the first tranche which was in June 2010 But since Greece said its reserves will deplete later this month and officials said the aid will not be distributed until November the region has drawn close scrutiny of observers and widespread concerns of officials worried about their nation s exposure to damages wrought by a Greek default The leaders of the two nations underscored their desire to equip euro zone banks with sufficient liquidity to bear the storm caused by the default The 17 nation monetary unit has suffered greatly as the region s banks and public finance systems endure the scourge Last week it scraped its lowest value in 10 years to the Japanese yen which is recognized as a safe haven investment But also likely to suffer the consequences of the debt scourge are the economies of developing nations that wil be exposed because of their dealings with those questionable banks Bloomberg reports the International Bank for Settlements shows lending from euro zone financial institutes almost triples the combined amount of money loaned by the U S and Japan Totaling about 3 4 trillion those loans put the emerging nations economies at risk The Royal Bank of Canada said those nations are poised to suffer more significantly than those who went through the global credit market crisis of 2008 The euro zone sovereign debt crisis prompted the International Monetary Fund to reduce growth rates of emerging economy nations last month Bloomberg suggested some developing nations are staring at entry into a double dip recession and the publication pointed to two nations that could suffer as a result of the debt scourge The South African and Brazilian economies both renowned in their respective regions are particularly vulnerable as the Brazilian real is one of Latin America s two most quickly growing economies with the second one being that of Mexico The South African rand is the moneypiece of the African continent s biggest economy 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 G 7 leaders commit to tackle euro debt crisis A coordinated challenge to the financial crisis in the euro zone will ensue by the globe s leading e Fitch issues debt scourge warning to U S banks Banks in the U S are at risk of being exposed to the sovereign debt scourge and will be even more s U S

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/German-French-leaders-speak-of-desire-to-aggressively-tackle-debt-scourge-as-developing-markets-vulnerability-weighed.aspx (2012-12-22)
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  • Western Union Business Solutions - U.S. dollar dips against euro amid news of German, French pact
    Germany the top economy of Europe and France the second largest economic power in the euro zone are hopeful about euro zone ministers favorable view of the fund this weekend when they will convene for a summit An increased confidence came with the pact despite France being on the receiving end of warnings from Moody s Investors Service that its unblemished AAA credit rating is subject to review due to French banks being exposed to risks and uncertainties of the sovereign debt crisis 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 U S dollar advances against euro amid struggle in Brussels Disappointing news from the Brussels on Friday regarding efforts to reign in the euro zone debt scou Euro s recovery against U S dollar continues The common currency of the European Union advanced on Friday against the U S dollar despite so poor 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 news GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/US-dollar-dips-against-euro-amid-news-of-German-French-pact.aspx (2012-12-22)
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  • Western Union Business Solutions - Real appreciates against greenback after strong retail sales report
    5 percent against the world s reserve currency thus far this year The government of Brazil during the past several months has employed various strategies to control the rapid appreciation of the real including government acquisitions of U S dollars and taxing some investment inflows Brazil s economy is greater than that of Mexico Latin America s second largest economy yet the Mexican peso is the region s most traded currency Both economies are considered two of the globe s more rapidly developing 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 rises amid strong retail sales data The U S dollar appreciated versus various currencies on March 13 as market participants responded Loonie to be impacted by Canada s retail sales report due out Tuesday Tuesday s February retail sales report is likely to exhibit weakness according to a Bloomberg poll 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 GBP Germany Greece International Payments news Ireland Italy Japan JPY MXN New Zealand Portugal Spain

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Real-appreciates-against-greenback-after-strong-retail-sales-report.aspx (2012-12-22)
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  • Western Union Business Solutions - Dollar rises amid euro zone funding problems
    rose against the Japanese yen before retreating according to Reuters Some retracement is expected given that dollar yen has rallied nearly 6 0 percent in the month of February driven by a combination of factors that include central bank policy and weakened economic data Eric Theoret currency strategist at Scotiabank in Toronto told the media outlet Traders have caused the dollar to rise by 5 7 percent against the yen during February the news source 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 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 Reuters Euro at Over Two Year Low Versus Dollar on Euro Zone Data Outlook From Reuters The euro fell to a more than two year low against the dollar on Tuesday as weak euro z Reuters Euro at Over Two Year Low Versus Dollar on Euro Zone Data Outlook From Reuters The euro fell to a more than two year low against the dollar on Tuesday as weak euro z 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Dollar-rises-amid-euro-zone-funding-problems-.aspx (2012-12-22)
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  • Western Union Business Solutions - Dollar suffers due to poor labor market, loose Fed policy, and European bailout
    activity the dollar went negative against the yen and fell in trading versus the pound It also hit a benchmark low against the Swiss franc in forex trading Wednesday the news source reported The Federal Reserve s quantitative easing initiative to buy up Treasury bonds has not helped the domestic labor market but has succeeded in driving down the dollar index noted Dow Jones The ADP and ISM reports kicked off losses in the Dow Jones Industrial Average futures and currencies that depend on commodities stated MarketWatch 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 Low Fed rate expectations depress dollar boost European currencies The euro the British pound and the Swiss franc rose on Monday bolstered by consumer inflation stat Dollar declines amid European bailout fund progress The U S dollar declined against various currencies in early trade on March 30 as market participan Dollar suffers from Bernanke s strong suggestion of QE The value of the world s reserve currency fell in the aftermath of Friday s speech delivered by U S 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Dollar-suffers-due-to-poor-labor-market-loose-Fed-policy-and-European-bailout.aspx (2012-12-22)
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  • Western Union Business Solutions - NZ Dollar Down Late As Sentiment Weakens on Euro-Zone Debt Issues
    t emerge from this weekend s European leaders summit in Brussels European Union lawyers nixed a proposal to use the rescue fund to guarantee bonds a plan would have allowed the EUR440 billion European Financial Stability Facility to insure much more debt The lawyers said it violated a prohibition on using the fund for direct guarantees European officials are now offering to draw on the fund for collateral when debt troubled countries need to borrow Read full article WSJ login required 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 NZ Dollar Up Late On Equity Markets Aussie Dollar Move Wall Street Journal Both the Australian dollar and its New Zealand neighbour traded higher Wednesda NZ Dollar Up Late as Global Sentiment Continues to Rise Wall Street Journal As a solution to the Greek debt situation appears more and more likely the New NZ Dollar Down Late As Europe Debt Worries Dominate Wall Street Journal In a recent Wall Street Journal article Chris Hunter Corporate Dealing Manage 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/NZ-Dollar-Down-Late-As-Sentiment-Weakens-on-Euro-Zone-Debt-Issues.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie's three-day rally against greenback closes
    the Canadian government have fallen 0 2 percent states an index published by Bank of America Merrill Lynch The nation sold the equivalent of 3 4 billion of May 2014 bonds according to the country s central bank David Riley sovereign ratings head with Fitch Ratings said the European Central Bank ought to enhance purchases of bonds as one key strategy of challenging the sovereign debt crisis and staving off the movement toward irrelevancy of the common currency of the European Union Chief technical analyst George Davis with RBC Capital Markets of the Royal Bank of Canada advised investors to sell the greenback against the loonie to take profit While yesterday s daily close below minor support at C 1 0188 is constructive we stress that prices will have to pierce the December reaction low and double bottom at C 1 0051 in order to place the U S dollar bears back on a firmer footing states a client note penned by Davis Reuters reports the loonie was exposed to losses due to tepid economic data coming from Germany as well as bond auctions scheduled for later this week in the euro zone Spain and Italy two core nations of the sovereign debt crisis are scheduled for bond auctions The largest most vibrant economic system in the euro zone reduced in size during the final quarter of last year which pulled down optimism about the regional economy entering into the upswing We thought the currency would still be a little bit on the backfoot because of developments in Europe Canadian fixed income and currency strategy head Mark Chandler with RBC Capital Markets told Reuters It looks like we ve had a bit of a reprieve but the problems obviously aren t solved Dow Jones Newswires reports an additional driver of the Canadian monetary unit s movement is the U S dollar solidifying which came as a consequence of Fitch Ratings Riley warning to the ECB regarding the livelihood of the 17 nation common currency That drove investors toward the world s reserve currency which helped the greenback recover its overnight losses to its northerly rival The U S dollar also benefited from an uplifting viewpoint for the largest economic system in the world while the loonie s losses were tempered by crude oil futures remaining strong and the surety of Canada s AAA credit rating remaining 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 Aussie remains near three day lows against greenback The monetary unit of Australia hovered about three day lows against the U S dollar as investors bra Yen gains against greenback as Bank of Japan opts against strengthening stimulus program

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonies-three-day-rally-against-greenback-closes.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie marks three consecutive downward sessions against greenback
    Reuters There s really no clarity in terms of what will happen in Italy and which direction spreads will go Italy has become a focal point of the sovereign debt scourge as investors are concerned about the Mediterranean nation s ability to control its debt which is considered too large for a bailout Italy is the euro zone s third largest economy trailing France and Germany host of the top economy Bloomberg reports Jose Barroso president of the European Commission pegged the scourge that the region is facing as truly systemic 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 marks eight consecutive losing sessions against greenback The common currency of the European Union was hurtling toward an eighth consecutive trading session Loonie loses value against greenback for first session in past three The value of the Canadian dollar edged down against the U S dollar on Tuesday one day after rallyin Peso marks three straight sessions of gains against greenback Latin America s most traded currency gained in value for a third consecutive trading session on Thur 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-marks-three-consecutive-downward-sessions-against-greenback.aspx (2012-12-22)
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