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  • European Council President Herman Van Rompuy – EU set to tighten Russia sanctions ‘within a week’
    Speaking after the Brussels summit, Mr Van Rompuy said (via the BBC):  The EU “stands ready to take further significant steps in light of the evolution of the situation on the ground. “Everybody is fully aware that we have to act quickly.” He… The post European Council President Herman Van Rompuy – EU set to tighten Russia sanctions ‘within a week’ appeared first on ForexTV.
  • German Vice-Chancellor Sigmar Gabriel: EU leaders agree no change to budget pact
    German Vice-Chancellor Sigmar Gabriel  told reporters after a meeting in Paris ahead of Saturday’s EU summit that European national government leaders meeting in Paris agreed more needed to be done to boost growth in the bloc but that EU rules limiting budget deficits should not The post German Vice-Chancellor Sigmar Gabriel: EU leaders agree no change to budget pact appeared first on ForexTV.
  • European Union leaders are set to hold an emergency summit on promoting growth and jobs on October 7
    According to a draft of a statement to be issued after an EU summit on Saturday, European Union leaders are set to hold an emergency summit on promoting growth and jobs on October 7: “In recent weeks economic data have confirmed that the recovery, particularly in the euro … The post European Union leaders are set to hold an emergency summit on promoting growth and jobs on October 7 appeared first on ForexTV.
  • China and Hong Kong poised for showdown over democracy
    Via Reuters: Hong Kong is poised for a showdown with China when the Chinese parliament meets later on Sunday, with the largely rubber-stamp body likely to snuff out hopes for a democratic breakthrough in the regional financial hub at … The post China and Hong Kong poised for showdown over democracy appeared first on ForexTV.
  • French President Hollande says EU will step up sanctions if no change by Russia
    French President Francois Hollande  told reporters as he arrived for an EU summit that: “What’s happening in Ukraine is so serious that the European Council will be obliged to react by increasing the level of sanctions if things remain as they are, that is to say with the proven presence of weapons … The post French President Hollande says EU will step up sanctions if no change by Russia appeared first on ForexTV.
  • EU President Barroso says ready to impose strong Russia sanctions
    European Commission President Jose Manuel Barroso said on Saturday: The EU was prepared to toughen sanctions against Russia But it wanted a political deal to end the confrontation Described any tightening of sanctions as intended not to escalate the crisis but to push Moscow to negotiate Stressed that the EU did … The post EU President Barroso says ready to impose strong Russia sanctions appeared first on ForexTV.
  • Finnish PM says Russia is trying to irritate Finland by its repeated violations of Finnish airspace
    Finnish Prime Minister Alexander Stubb said on Saturday that Russia is trying to irritate Finland by its repeated violations of Finnish airspace. Accused Russia, its eastern neighbor, of violating its airspace with state planes three times in less than a week Added it would step up airborne monitoring of flights Stubb said in a television… The post Finnish PM says Russia is trying to irritate Finland by its repeated violations of Finnish airspace appeared first on ForexTV.
  • Ukrainian Antonov-12 plane crashed on Saturday – 6 Ukrainians and one Russian on board
    A cargo plane with six Ukrainians and one Russian on board crashed in Algeria’s far south early on Saturday, an Algerian transport ministry official said. More – More weekend news re Ukraine: Polish President Komorowski warns that Putin is trying to build a new … The post Ukrainian Antonov-12 plane crashed on Saturday – 6 Ukrainians and one Russian on board appeared first on ForexTV.
  • Lithuania’s president Grybauskaite says Russia is at war with Ukraine and so effectively at war with Europe
    Lithuania’s president Grybauskaite says Russia is at war with Ukraine and so effectively at war with Europe. Ahead of the EU summit in Brussels Saturday, Grybauskaite  told reporters: ‘It is the fact that Russia is in a war state against Ukraine. That means it is … The post Lithuania’s president Grybauskaite says Russia is at war with Ukraine and so effectively at war with Europe appeared first on ForexTV.
  • EU may urgently prepare more options for Russia sanctions
    European Union leaders meeting in Brussels on Saturday have prepared a draft that the will ” ask the bloc’s executive arm “urgently” to prepare more options for sanctions” against Russia. French President Francois Hollande, speaking at a news conference said that a failure by Russia to reverse a flow … The post EU may urgently prepare more options for Russia sanctions appeared first on ForexTV.

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  • Indian Rupee Erases Losses
    The India rupee retreated today on speculations that the nation’s central bank intervened in order to prevent excessive appreciation of the currency that may hurt the country’s economic growth. The currency managed to pare losses and resumed its rally as of now.(…)Read the rest of Indian Rupee Erases Losses (62 words) Posted on Forex News. The post Indian Rupee Erases Losses appeared first on Forex News.
  • USD/RUB Reaches Record High on Sanctions Worries
    The Russian ruble fell to the all-time low against the US dollar today as concerns about sanctions from the United States and the European Union continue to erode the attractiveness of the currency to investors.(…)Read the rest of USD/RUB Reaches Record High on Sanctions Worries (55 words) Posted on Forex News. The post USD/RUB Reaches Record High on Sanctions Worries appeared first on Forex News.
  • Another Weekly Decline for Euro on Easing Bets
    The euro experienced a very bad week, falling to the lowest level in almost a year against the US dollar, even though most other major currencies, including the Great Britain pound and the Japanese yen, were rallying versus the greenback.(…)Read the rest of Another Weekly Decline for Euro on Easing Bets (105 words) Posted on Forex News. The post Another Weekly Decline for Euro on Easing Bets appeared first on Forex News.
  • AUD Falls vs. USD, Holds Ground vs. JPY
    The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese yen.(…)Read the rest of AUD Falls vs. USD, Holds Ground vs. JPY (69 words) Posted on Forex News. The post AUD Falls vs. USD, Holds Ground vs. JPY appeared first on Forex News.
  • Russian Ruble Slumps as Ukrainian Crisis Worsens
    The Russian ruble declined today as worsening relationships between Russia and Ukraine may lead to escalation of the conflict in Eastern regions of Ukraine, while the United States and the European Union threaten to implement additional sanctions against Russia.(…)Read the rest of Russian Ruble Slumps as Ukrainian Crisis Worsens (43 words) Posted on Forex News. The post Russian Ruble Slumps as Ukrainian Crisis Worsens appeared first on Forex News.
  • Euro Heads for Another Weekly Decline
    Even though the euro is a little higher against some of its major counterparts, the 18-nation currency is headed for a weekly decline. The latest economic data confirms that rises in consumer prices continue to slow. (…)Read the rest of Euro Heads for Another Weekly Decline (141 words) Posted on Forex News. The post Euro Heads for Another Weekly Decline appeared first on Forex News.
  • Yen Halts Rally as Economic Data Provides Mixed Picture
    The Japanese yen attempted to extend its rally against the US dollar today but failed and retreated close to the opening level. The currency traded mostly sideways against other major counterparts.(…)Read the rest of Yen Halts Rally as Economic Data Provides Mixed Picture (136 words) Posted on Forex News. The post Yen Halts Rally as Economic Data Provides Mixed Picture appeared first on Forex News.
  • Dollar Gains on Domestic Data, Loses Ground vs. Yen
    The US dollar rose against some of its major peers, including the euro, with help of positive domestic data. It looks like news from Ukraine limited gains somewhat and actually send the greenback down versus the Japanese yen and even the Great Britain pound.(…)Read the rest of Dollar Gains on Domestic Data, Loses Ground vs. Yen (94 words) Posted on Forex News. The post Dollar Gains on Domestic Data, Loses Ground vs. Yen appeared first on Forex News.
  • Taiwan Dollar Gains on Capital Inflows
    The Taiwan dollar advanced today on speculations that capital inflows into Taiwan’s economy will prompt the central bank to refrain from an intervention even as the currency appreciates.(…)Read the rest of Taiwan Dollar Gains on Capital Inflows (57 words) Posted on Forex News. The post Taiwan Dollar Gains on Capital Inflows appeared first on Forex News.
  • Ringgit Retreats vs. Dollar, Retains Optimistic Prospects
    The Malaysian ringgit retreated a bit against the US dollar today after the initial rally, but analysts still have a positive outlook for the currency due to Malaysia’s accelerating economic growth and expectations of an interest rate hike.(…)Read the rest of Ringgit Retreats vs. Dollar, Retains Optimistic Prospects (75 words) Posted on Forex News. The post Ringgit Retreats vs. Dollar, Retains Optimistic Prospects appeared first on Forex News.