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  • Western Union Business Solutions - Gold prices hover as Brussels summiteers gain scrutiny
    region was unsupportive of a plan aiming to unify fiscal integration throughout the 17 nation bloc The country also stood opposed to the establishment of a European banking union Challenges presented by the debt scourge have prompted demand for bullion as a haven storage amid concerns for the viability of the shared currency of the European Union pushing up the commodity s price But at the same time gold also has dipped in value as concerns grow about risky assets One broker pointed to the lack of stability in the region as an onus of attention The primary focus now seems to be the dreaded potential deflationary pressures but deflation would be more believable if the European economy were more stable precious metals broker Carlos Perez Santalla with PVM Futures told Reuters Member nations and their financial institutes are so wrought with the debt scourge that they ultimately will be compelled to augment monetary stimulus the broker said But the yellowish metal did achieve a modicum of a surge on Wednesday The Wall Street Journal reports In the aftermath of executive board member Peter Praet with the European Central Bank telling a German publication that there is no doctrine that the main interest rate can t be under 1 percent gold futures climbed just short of 1 585 per troy ounce Gold traders and investors were surprised by the remark which was an excerpt of an interview Senior market strategist Charles Nedoss with Olympus Futures told The Wall Street Journal that an interest rate reduction is hardly what people had anticipated I don t think that people were looking for Europe to lower rates Nedoss told the news source Also benefiting the price of gold was conjecture about China whose economy trails only that of the U S for the world s largest preparing to employ monetary stimulus according to Bloomberg The Chinese news is positive for gold market strategist Adam Klopfenstein with Archer Financial Services Inc in Chicago told the news source The gains will be limited as some investors are waiting for some kind of statement from the European leaders But preoccupations about the U S dollar gaining in strength brought down the price of gold on Wednesday Bloomberg reports The U S Federal Reserve did not commit to additional rounds of intervention which benefits the world s reserve currency 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 hover as Fed symposium approaches The price of gold dropped the most in 14 days on Tuesday amid conjecture suggesting the central bank 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 Gold prices slip as dollar gains Gains to the

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-prices-hover-as-Brussels-summiteers-gain-scrutiny.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie slips as Brussels summit nears
    Group told Reuters So the uncertainties are still there after the summit In that situation it will be a bad climate for currencies except for the U S dollar The value of the loonie is down nearly 1 percent against the U S dollar Reuters reports Bloomberg reports the Canadian dollar this month has dropped against the dollars of New Zealand and Australia amid conjecture noting the Bank of Canada will not hike interest rates 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 Real slips as government intervenes Real slips as government intervenes Real slips as government intervenes The Brazilian real lost value against the world s reserve currency on Wednesday a consequence of th Loonie nears parity against the U S dollar The value of the Canadian dollar solidified on Monday against the world s reserve currency amid upli Gold prices hover as Brussels summiteers gain scrutiny Hinging on the highly anticipated two day European Union summit set to kick off Thursday in Brussel 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-slips-as-Brussels-summit-nears.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie benefits from gains to crude oil
    starting to run into resistance at 1 0250 The value of the loonie on Monday was at its lowest since June 12 Government bonds dropped which drove up the yield on the nation s 10 year securities 0 03 percent to 1 75 percent Crude oil s strong performance on Tuesday proved to be beneficial to the loonie according to The Canadian Press The energy commodity is the top export of the natural resources rich nation 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 gains from strength of U S economy crude oil futures The value of the Canadian dollar climbed on Wednesday against competing monetary units that are link Loonie loses value against greenback as crude oil slips The value of the monetary unit of Canada fell against its southerly rival on Monday pulled down by Loonie climbs from six week lows as crude oil gains The Canadian dollar on Tuesday pulled itself up from the six week lows it stooped to one day prior 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-benefits-from-gains-to-crude-oil.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro continues struggle as Spanish troubles mount
    worse before they prompt a more decisive policy response The euro lost 1 5 percent of its value on Monday which represents its largest fall since the end of last month Thus far this year the euro currency has lost roughly 3 6 percent of its value against the U S dollar Short term borrowing expenses in Spain nearly tripled on Tuesday Reuters reports Moody s slashed the credit rating of 28 Spanish banks underscoring the dire straits that the nation presently finds itself in 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 s slide continues as debt worries mount Concerns about the euro zone s debt problems sent investors fleeing from the common currency Monday Euro projected to fall on Spanish and Italian debt troubles The embattled shared currency of the European Union is projected to lose value as the sovereign debt Euro remains pressured by Spanish Greek troubles The shared currency of the European Union mildly climbed from its lowest value in 16 weeks against t 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/Euro-continues-struggle-as-Spanish-troubles-mount-.aspx (2012-12-22)
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  • Western Union Business Solutions - Gold futures drive toward reversing steep losses from week prior
    support at about 1 523 and the next resistance at 1 600 analyst Lynette Tan with Phillip Futures in Singapore told Reuters I think for the week ahead people will still watch the EU summit for price direction of equities and gold At 11 57 a m on Monday gold futures climbed 0 94 percent a 14 80 lift to 1 581 70 per troy ounce As European leaders head toward Brussels for two days of conferences beginning on Thursday anticipations of success are slimming down Once viewed as when the European Union could grab ahold of the scourge that has seized banks markets and public finance systems of the 17 nation bloc the summit is projected to have an important meeting but the new prime minister and finance minister of Greece are likely to miss that summit due to them being sick As the face of the sovereign debt crisis damaging tendencies the Aegean nation has received two bailouts since June 2010 and is believed to be teetering on the brink of removal from the euro zone due to the fiscal mess it is in and projected to cause But shifting west Spain has emerged as being the next frontline nation of the debt scourge The International Business Times reports European leaders are projected to devote significant amounts of energy on Thursday and Friday to discussion about the best ways of preventing Spain s economic and financial situation from devolving into anything akin to what has plagued Greece With the U S Federal Reserve event risk out of the way for now Europe regains centre stage as EU leaders meet for the summit in Brussels which starts on Thursday But while gold s reaction to U S central bank outcomes is clear cut its reaction function when it comes to euro zone headlines has been quite muddled states a client note penned by analysts with UBS according to the International Business Times The ambiguity and difficulty in trading gold in this type of environment adds to the lack of urgency to hold gold especially now that balance sheet expansion from the Fed does not seem likely in the near term Gold prices dropped as much as 3 8 percent last week according to MarketWatch Those steep losses might have attracted some investors into returning to dealings with the gols market 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 Yen slips toward second straight weekly losses against dollar The Japanese yen was driving toward a second consecutive week of losses against the U S dollar on F Peso plunges toward a fifth straight week of losses against greenback The value of Latin America s most traded currency pushed toward its fifth consecutive week of losses Real drives toward weekly loss against greenback The

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Gold-futures-drive-toward-reversing-steep-losses-from-week-prior.aspx (2012-12-22)
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  • Western Union Business Solutions - Canadian dollar loses value as confidence wanes for European leaders' abilities
    of Tokyo Mitsubishi UFJ in London told the news source There s a high risk of disorderly markets through the summer and into the autumn We re bullish U S dollar and yen June saw business activity constrict in the euro zone for a fifth consecutive month according to polls administered by Reuters The loonie suffered the consequences of that drop as the monetary unit is based on the economy that lives by the export of the natural resources rich nation s shipments 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 rises against Australian New Zealand dollars Currencies competing with the Canadian dollar lost value Wednesday following news about increased Ju 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 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 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/Canadian-dollar-loses-value-as-confidence-wanes-for-European-leaders-abilities.aspx (2012-12-22)
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  • Western Union Business Solutions - Euro dives as Spain, Italy prepare to sell debt and Brussels summit awaits
    near term chief strategist Michael Derks with FXPro Group in London told the news source I would not hold out a great deal of hope that this particular summit is really going to produce drastic measures or the big solution Spain and Italy are set to conduct bond auctions on Tuesday and France and Italy are prompting Germany the euro zone s top economy to more forcefully confront the sovereign debt crisis European leaders are prepared to convene on Thursday and Friday in Brussels to stave off dangers presented by the sovereign debt crisis according to Agence France Presse 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 before debt summit The euro gained against the dollar today based on speculation that European leaders will find a solu Euro falls as Italy emerges as debt scourge flashpoint The common currency of the European Union dropped in value on Monday against the U S dollar and the Shared currency dives forcefully as debt concerns threaten Italy The European Union s shared currency was dealt several blows Monday amid serious preoccupations abou 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-dives-as-Spain-Italy-prepare-to-sell-debt-and-Brussels-summit-awaits.aspx (2012-12-22)
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  • Western Union Business Solutions - Loonie pulled down against greenback by economic data
    remains risk averse managing director of foreign exchange Jack Spitz with National Bank of Canada in Toronto told Bloomberg Additional economic data impacting the performance of the Canadian dollar on Thursday was news stating the nation s current account deficit expanded As May ends with market closures on Thursday the value of the loonie was barreling toward losses against the U S dollar of at least 4 percent representing the biggest monthly losses in eight 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 Canadian dollar climbs against greenback but gains tempered by economic data The value of the Canadian dollar increased against its southerly rival on Tuesday Loonie dips after closing above parity against greenback The value of the Canadian dollar reached its highest point in 90 days against the world s reserve cu Loonie falls against greenback amid underwhelming jobs data The value of the Canadian dollar dropped against its southerly rival on Friday dragged down by repo 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

    Original URL path: http://business.westernunion.sg/resource-centre/articles/post/Loonie-pulled-down-against-greenback-by-economic-data.aspx (2012-12-22)
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