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  • Western Union Business Solutions - Aussie drops on worries that Oct. 23 meeting won't produce solution to Euro debt plight
    Bank of Australia Assistant Governor Malcolm Edey stated that the liability of the country s banks is limited at least in terms of them owning the debt of countries that are the most at risk Bloomberg reports Australian banks have only limited direct exposures to sovereign debt in the countries that are most at risk Edey stated in remarks he prepared for a speech in Sydney on October 20 according to the media outlet So potential effects on Australian banks overall asset quality are not an issue 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 in value as debt deal honeymoon sours The shared currency of the European Union slipped in value when held against the U S dollar on Frid Euro s slide continues as debt worries mount Concerns about the euro zone s debt problems sent investors fleeing from the common currency Monday This is Money Spain Debt Plight and Eurozone Recession Threat Spark Market Sell Off From This is Money Some 2 per cent has been wiped off the FTSE 100 today as worries over Spain s de 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Aussie-drops-on-worries-that-Oct-23-meeting-wont-produce-solution-to-Euro-debt-plight.aspx (2012-12-22)
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  • Western Union Business Solutions - Aussie rises against dollar, yen
    potential problems Agence France Presse reports stocks from Australia gained nearly 2 percent in value on Friday following the commitment of the central banks to lend U S dollars the world s reserve currency to European banks that are struggling from the crisis that also has victimized additional nations like Ireland Portugal Italy and Spain also are enduring financial and economic trouble as a result of the sovereign debt crisis The Aussie climbed against the dollar as a result of that news as well AFP 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 Aussie rises in value against the yen Retail sales that were stronger than forecast in July in Australia pushed the nation s monetary unit 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 Yen rises against dollar amid central bank meetings The value of the Japanese yen climbed back against the world s reserve currency on Tuesday as a cons 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/Aussie-rises-against-dollar-yen.aspx (2012-12-22)
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  • Western Union Business Solutions - Aussie down after Westpac predicts rate cut
    became concerned about riskier assets such as the Aussie reported Dow Jones Newswires Jim Vrondas senior foreign exchange manager with OzForex told The Wall Street Journal that traders were traders were getting nervous largely because of the rating agency announcements Before the leading bank s announcement the Aussie had risen to 1 0673 on July 15 at 5 p m which was 0 58 cents less than its value at Thursday s close reported Dow Jones Newswires The impact of the agency announcements exemplifies the interconnected of credit markets 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 climbs after central bank cuts interest rates The monetary unit of Australia gained on Tuesday against its top rivals after the central bank opted CNBC Why Rate Cuts Won t Take Down the Aussie Dollar From CNBC David Greene Senior Corporate FX Dealer at Western Union Business Solutions in Sydney a Aussie Kiwi cut into weekly losses against greenback South Pacific dollars were on the rise on Friday as the monetary units cut into losses earlier in th 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-down-after-Westpac-predicts-rate-cut.aspx (2012-12-22)
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  • Western Union Business Solutions - Retail report causes U.S. dollar to drop
    remains high the news source reported The drop though slight still caused the dollar to weaken against most of its counterparts including the Canadian Australian and New Zealand dollars because of their commodity exporting capabilities according to Bloomberg It rose against the yen and Swiss franc Recent reports have investors and analysts debating risk management solutions so that personal and business finances are not compromised during these tumultuous times 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 climbs against dollar as U S labor report set for release The value of the monetary unit of Australia pushed to its top rate in more than four weeks against t Aussie Dollar Ends Two Day Drop Before Jobs Data New Zealand Dollar Gains Bloomberg After two days of declines against the US dollar the Australian currency finally found s Canadian dollar drops against U S dollar for third straight session Wednesday saw the Canadian dollar slip in value to its rival to the south for the third straight day 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Retail-report-causes-US-dollar-to-drop.aspx (2012-12-22)
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  • Western Union Business Solutions - The Almighty Dollar: Stronger than ever, or on its last legs?
    order to deal with the impact of international speculative capital developing countries were forced to accumulate large amounts of foreign reserves to use real resources to get U S dollar notes and then buy U S Treasurys However returns on purchase of U S Treasurys are very low and developing countries face risks of capital depreciation U S debt policies have proven controversial at home as well Indeed some of the members of the Federal Open Market Committee such as Thomas Hoening the president of the Kansas Federal Reserve believe that the Fed should cut off its quantitative easing and raise interest rates He and others blame these policies for rapidly appreciating commodity prices and the potential of asset bubbles The Financial Times Lex investing column wrote on Wednesday that it didn t see another round of quantitative easing as very likely The two rounds of easing often dubbed QE and QE2 have been credited with both stimulating national and global economic recovery and destabilizing the monetary system In the last week several Fed governors have talked up more hawkish options wrote the FT There is evidently a move within the Fed to take QE3 off the table Rates markets took note Fed Funds futures now imply a 40 per cent chance that the Fed Funds rate is raised to 0 5 per cent or higher by the end of this year compared to a 30 per cent chance a month ago And the trade weighted dollar index has rallied by 1 5 per cent in the last week The future value and direction of the dollar is far from a sure bet This has consequences for every currency around the world from the popular carry trade targets like the Brazilian real and the Australian dollar to safe haven money like the Swiss franc Companies that do international business in the dollar will have to be careful as well they could find their supply line costs jump or fall rapidly depending on policy changes and their balance of international payments could also shift without warning 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 rises after stronger than expected U S data released The value of the common currency of the European Union continued gaining in value on Thursday agains Loonie benefits from stronger than anticipated U S economic data The value of the monetary unit of Canada gained against its U S rival on Monday as a consequence of Yuan gains against greenback after stronger trade data The monetary unit of China made a late session push on Monday against the world s reserve currency 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/The-Almighty-Dollar-Stronger-than-ever-or-on-its-last-legs.aspx (2012-12-22)
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  • Western Union Business Solutions - What about the carry trade?
    being long the Brazilian real and short the Canadian dollar Adam Cole the head of foreign exchange strategy at RBC Capital Markets in London told the FT You re going long a high yield commodity currency and short a low yield commodity currency But as yields start to rise in Canada that will unwind Now the carry trade appears on its surface to mainly affect global financiers but it has a major impact on everyone who engages with the global currency system whether they are producers importers and exporters dealing with international payments tourists or even officers of state Brazilian companies are suffering from the rising cost of the exports even as its citizens enjoy a shopping boom in imported goods The government has endeavored several times to hold down the currency to little effect since the depths of the financial crisis in late 2008 the real has gained more than 27 percent against the U S dollar More recently the earthquake and tsunami which devastated Japan and killed tens of thousands while causing untold economic harm had a curious effect on the Japanese yen Initially the usually weak currency jumped on the expectation that Japanese firms would repatriate large foreign earnings and individual investors would sell their holdings A cooperative effort by the Bank of Japan and other central bankers helped push down the yen to prevent further economic damage creating a resurgence of the carry trade as Japanese investors sought higher returns overseas In its Lex investors column though the FT warns against the assumption that the yen carry trade is back in its classic form Classic conditions for a yen carry trade are now in place reliably low rates and supportive governments But carry trades also need stability With the leverage needed to make this trade worthwhile sharp exchange rate fluctuations can be disastrous and betting on a stable yen will not be a good idea for a while yet 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 Carry Trade Deserves Greater Scrutiny AFP Risk What is the carry trade How does it work and why is it profitable In the aftermath of Yuan gains against greenback after stronger trade data The monetary unit of China made a late session push on Monday against the world s reserve currency a Aussie slips as report states nation s trade deficit expanded The expansion of Australia s trade deficit to its widest margin in roughly four years pulled down th 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/What-about-the-carry-trade.aspx (2012-12-22)
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  • Western Union Business Solutions - African, Middle Eastern tumult puts pressure on euro zone
    lead into sovereign debt concerns which fade away in the face of political unrest and It s a combination of overextended speculative positioning and renewed sovereign debt jitters said Vassili Serebriakov a currency strategist at Wells Fargo Co in New York The post ECB rally has gone too far too fast and the euro is coming back to the reality of still very uncertain prospects for the peripheral economies The trend continued Wednesday with the euro flat against the dollar and down against the pound Swiss franc and Canadian dollar Against the euro the franc s gain is rather pronounced Henrik Gullberg a London currency strategist at Deutsche Bank told Bloomberg News The debt crisis that some peripheral countries are going through doesn t help the euro The Financial Times James Mackintosh compared the beleagured currency to the farcical two headed Pushmi pullyu of the beloved Dr Doolitle children s story The Pushmi pullyu is the sort of animal a European Union committee might create said Mackintosh The euro now finds itself pulled in two directions at once On the one hand the investment editor said on the FT s site there is a persistent expectation that the European Central Bank president Jean Claude Trichet will raise rates in the face of potential inflation On the other the periphery of the euro zone is just to too weak to ignore Overall the situation remains delicate for investors in euro assets and businesses that either sell a lot of goods in European Union nations or rely on an extensive supply chain there Currency shifts can badly unsettle firms with a lot of international payments and robust hedging techniques and infrastructure are needed to compensate Every international firm must be mindful of its exposure to exchange rate related risks 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 zone leaders advocate for Greece European Union Leaders in Europe must merge efforts to counter the ill effects of the sovereign debt crisis by esta Euro climbs as leaders work toward keeping Greece among the euro zone The value of the shared currency of the European Union advanced against the world s reserve currency 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/African-Middle-Eastern-tumult-puts-pressure-on-euro-zone.aspx (2012-12-22)
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  • Western Union Business Solutions - Exchange-rate volatility a worry for Australian companies
    Australia s central bank has been aggressive about raising interest rates in recent months Between October 2009 and November 2010 the Reserve Bank of Australia hiked rates seven times The country s current benchmark rate 4 75 percent is the highest in the developed world The RBA s willingness to raise rates has made the Australian dollar popular but it has also led the currency to be highly volatile It appears that the nation s government doesn t expect volatility to abate significantly in the coming months 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 Exchange rate issues drive sale of Constellation s Australian arm Constellation Brands the world s largest wine and spirits company announced December 23 that it wa Korean companies fret about won volatility The Korean won like many other emerging market currencies has appreciated in recent months and Companies focus intently on currency volatility Businesses large and small are more attuned to currency volatility than they were before the financi 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Exchange-rate-volatility-a-worry-for-Australian-companies.aspx (2012-12-22)
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