Dollar Index is weakning and is moving around 79 level
This year among Asean Currencies Philipines Peso and Korean Won has appreciated the most and Japanese Yen & Indonesian Rupiah has depreciated the most .
Good news for Euro is that , Spain formally requested for bail out of its Bank ( Euro 40 Billion ) and Greece started buyback of its Bond to reduce its Debt ( Euro 10 Billion ) . Euro is also getting support from the positive signal Given by German relating to Greece Debt .
In US conflict continues on the view of Tax hike . The republican idea for reducing the additional Tax rather cutting spending has been rejected by Democrats
Reserve Bank of Australia has cut the Benchmark interest rate by 25bps to 3%
This year among Asean Currencies Philipines Peso and Korean Won has appreciated the most and Japanese Yen & Indonesian Rupiah has depreciated the most .
Good news for Euro is that , Spain formally requested for bail out of its Bank ( Euro 40 Billion ) and Greece started buyback of its Bond to reduce its Debt ( Euro 10 Billion ) . Euro is also getting support from the positive signal Given by German relating to Greece Debt .
In US conflict continues on the view of Tax hike . The republican idea for reducing the additional Tax rather cutting spending has been rejected by Democrats
Reserve Bank of Australia has cut the Benchmark interest rate by 25bps to 3%
No comments:
Post a Comment