Dollar Requires a More Aggressive S&P 500 Drop to Jump Start its Rally to support a rate hike. The opposite stands for a deteriorating outlook. When we boil down the dollar’s fundamental concerns, there are really only three major drivers that can materially alter the currency’s bearings. Read more on Daily FX Nordic Group posts 17% fall in FY2010 net profit to m Nordic Group, the Singapore-based automation systems integration solutions provider for the marine and offshore oil and gas industries, says it posted a 17% y-o-y fall in net profit attributable to shareholders for the full-year ended 31 December 2010 (FY2010) to $ 7 million. This was due to significant forex…. Click Here to Read More

Valuable (and free) Firefox extensions for business Many businesses have switched away from Internet Exp lorer in the past few years, and while Firefox is a popular tool in the corporate world, few workers exploit its full power. However, just a handful of free extensions can provide invaluable business tools. Read more on ITBusiness.ca Rupee recovers 14 paise Vs dlr on late dollar selling Mumbai, Feb 23 (PTI) The rupee today recovered by over 14 paise to close at 45.12/13 against the US currency following late dollar selling by exporters and weak dollar overseas. Read more on Press Trust of India Silver Market Rallies The silver market was able to move up through the…. Click Here to Read More

Dollar falls against major currencies (AP:NEW YORK) The U.S. dollar fell against the euro Thursday after a government report showed that U.S. consumer prices rose in January. The Consumer Price Index rose 0.4 percent last month, the Labor Department said, as food and gas costs increased. Read more on INO News Australian Dollar Resistance at 10100 I was looking for one more low in the AUDUSD yesterday before this rally but wrote that a “recovery back toward 10075 is expected.” The AUDUSD has exceeded 10075 and resistance should be strong at 10100, which is the 61.8% retracement and former support. Read more on Daily…. Click Here to Read More

TIC: China Net Seller Of Treasurys In Dec, Remains Top Holder WASHINGTON -(Dow Jones)- China sold U.S. Treasurys for the second month in a row in December, further reducing its holdings from its largest position in nearly a year in October, but remaining the largest foreign holder, the Treasury Department said Tuesday. Read more on FOX Business British Pound Rally Slows Ahead of BoE Inflation Report, New Zealand Dollar To Hold Range The British Pound continued to pare the decline from earlier this month to reach a high of 1.6171 on Tuesday, and the near-term rally in the exchange rate may gather pace over the next 24 hours of trading as the Bank of England maintains a hawkish…. Click Here to Read More

Portugal yields soar, underline euro worries Portugal finds itself in an unwelcome spotlight as bond yields soar, forcing the European Central Bank to intervene in markets and demonstrating that worries about euro-zone sovereign debt are far from over. Read more on Market Watch Dong devaluation to have minimal impact on Malaysian corporations in Vietnam KUALA LUMPUR: Vietnam’s currency valuation by 9.3% will have minimal impact of Malaysian companies which have their operation in the… Read more on The Edge Dong devaluation to have minimal impact on Malaysian corporations in Vietnam KUALA LUMPUR: Vietnam’s currency valuation by 9.3% will have minimal impact of…. Click Here to Read More