Jan14

Forex focus: 2012 could be a rocky year

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The French and German leaders lacked New Year cheer in their opening messages to their nations as the clocks ticked past midnight into 2012

Nicholas Sarkozy even went so far as to call on the French to be courageous in the face of the euro’s dark days ahead.

In the hope of distracting their populace from their own difficulties they’re taking potshots at the British, making a scapegoat of their ancient rival across the Channel.

But while the hurt eurozone is subdue dominating headlines, the ripple effects are being felt elsewhere. Asian markets in particular are struggling as one of their largest export markets start to shut up shop to unknown goods. Click here to read more.. »

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Jan14

FOREX-Euro’s bounce from 16-month low unlikely to last

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LONDON, Jan 9 (Reuters) – The euro crawled back from a fresh 16-month low to the dollar on Monday as traders trimmed small positions, but further declines were anticipated as worries over independent funding and prospects for the euro zone state kept most investors bearish.

Markets were awaiting a meeting linking German Chancellor Angela Merkel and French Head Nicolas Sarkozy where they will chat about ways to boost growth and finalise details of a deal to increase monetary coordination in the euro zone. Click here to read more.. »

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