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Germany Vice-Chancellor: Bet On Success Of Greek Deficit Plan

German Vice Chancellor and Foreign Minister Guido Westerwelle on Tuesday said he believes the Greek budget reform plan will succeed, but he cautioned that nobody really knows how the situation of the fiscally troubled...

Tue, 02/09/2010 - 09:51

FX Features

Update: ECB Nowotny:EMU Contagion Risk Must Be Taken Seriously

The danger of contagion in the eurozone stemming from the Greek fiscal crisis is something that must be taken seriously, though it is "not founded on economic reality," European Central Bank Governing Council member...

Tue, 02/09/2010 - 09:43

Foreign Exchange
Wednesday, September 16, 2009 - 05:39

European Parliament Backs Barroso For 2nd Term As EU Comm Head

BRUSSELS (MNI) - The Members of the Parliament Wednesday voted to keep Jose Manuel Barroso as President of the European Commission for five more years.

The centre-right Portuguese policitan already has the backing of the European Council, made up of the heads of state from the 27 European Union member states, which endorsed him at their June meeting.
Wednesday, September 16, 2009 - 05:38

Update2: Japan Parliament Elects DPJ Leader Hatoyama Premier

TOKYO (MNI) - Democratic Party of Japan President Yukio Hatoyama was elected prime minister in a special parliamentary session on Wednesday after the DPJ scored a landslide win in lower house elections last month.

Japan's 93rd prime minister pledged to make sweeping changes to
Wednesday, September 16, 2009 - 05:30

Ldn FX: BOE Reserve Speculation Keeps Sterling On Defensive

LONDON, Sept. 16 (MNI) - Sterling remained on the back foot into early European dealing Wednesday, following on from Tuesday's sell- off on comments from Governor Mervyn King which suggested the Bank of England is looking at reforming reserve remuneration.

Euro-sterling took the lead as it extended recovery gains to
Wednesday, September 16, 2009 - 04:08

Update: Japan Parliament Elects DPJ Leader Hatoyama Premier

TOKYO (MNI) - Democratic Party of Japan President Yukio Hatoyama was elected prime minister in a special parliamentary session on Wednesday after the DPJ scored a landslide win in lower house elections last month.

Hatoyama won 327 votes out of 480 in the House of Representatives,
Wednesday, September 16, 2009 - 02:19

Japan Parliament Elects DPJ Leader Hatoyama Prime Minister

TOKYO (MNI) - Democratic Party of Japan President Yukio Hatoyama was elected prime minister in a special parliamentary session on Wednesday after the DPJ scored a landslide win in lower house elections last month.

Hatoyama won 327 votes out of 480 in the House of Representatives,
Wednesday, September 16, 2009 - 00:05

ASIA FX: Dollar in Tight Ranges; Awaits BOJ, New Cabinet

SINGAPORE (MNI) Sep 16 - The dollar stuck to fairly narrow ranges in Asian morning trading Wednesday, with dollar-yen awaiting any news that could send in firmly in one direction or the other.

Dollar-yen was trading late morning here around Y91.07, just below the day highs, as offers at Y91.10/20 capped the upside. The pair has
Tuesday, September 15, 2009 - 15:33

TheFXSpot: Sept 15 2008 Vs Sept 15 2009 - What A Difference!

By Vicki Schmelzer

NEW YORK, Sept 15 (MNI) - Financial market spirits were far more elevated this week than they were a year ago on September 15, 2008, the day Lehman Brothers declared bankruptcy.
Tuesday, September 15, 2009 - 14:35

FXWRAP: Dollar Dumped As Risk Appetites Perk Up

By Dennis Pettit

NEW YORK, Sep 15 (MNI) - The dollar was nursing moderate losses vs. the euro but only slight losses vs. the yen as an afternoon burst of improved risk-appetite bolstered the euro, stocks and gold, propelling euro-dollar to fresh highs for 2009.

Euro-dollar was changing hands at $1.4672 in afternoon dealings