| Portugal takes eurozone derivatives set-aside decision (at Financial Times) Portugal has become the first eurozone country to agree to set aside cash - or other assets - against derivative transactions in a decision intended to reduce its funding costs. Banks regularly post collateral in derivatives trades in order to protect the other party in the event that a deal were to be be unwound when it is trading at a loss. us.rd.yahoo.com |
Forex Fundamental Trends Monitor 08.09.2010 (DailyFX) Currency markets continue looking to risk appetite to lead exchange rates but the road ahead is clouded after a mixed response to last week’s US jobs report, with traders now focused on the Federal Reserve’s policy announcement amid a search for greater clarity. finance.yahoo.com |
Euro Rises Ahead Of FOMC, Bank Of Japan Waits [at Forbes] - In all likelihood, the Fed will not vote for further quantitative easing but the Bank of Japan may have room to maneuver and try to once again push the yen closer to the 90-level. us.rd.yahoo.com |
A Shared Failure To assert that the 2010 Commonwealth Games have evolved into a national embarrassment for India would be an understatement. nytimes.com |
India weighs rupee brake The Reserve Bank of India says it may intervene in the currency markets to shield exporters as capital inflows this year fuelled a rally in the rupee, making it Asia's best performer in the past month.The local currency gained... nzherald.co.nz |