HEADLINE NEWS

EU Ministers to End Anti-Crisis Moves

(Tuesday, March 9, 2010) European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labour market that were introduced to fight the economic crisis, a draft statement obtained by Reuters showed.

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Pound Looked to Have Completed its Correction

(Tuesday, March 9, 2010) Sterling tumbled to a one-week low below $1.50 on Tuesday on a battery of weak economic data and as credit ratings firms warned on Britain's sovereign rating and those of its commercial banks.

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Gold ‘Unlikely’ to Be Main China Reserve Investment

(Tuesday, March 9, 2010) Gold is “unlikely” to be China’s primary investment to diversify its reserve holdings because of price risks,Yi Gang, head of the State Administration of Foreign Exchange, said today. Gold fell in London session, touch 1116.

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Falling Sterling: Continues

A rating firm, Fitch presented a negative sentiment on Sterling on the case of rating on sovereign credit profile in effect to the currency down at $1.4947.

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Dollar /rupiah Tad Higher, Rupiah in Range on Wednesday

USD/IDR tad higher late, last at 9,190 vs 9,175 late Asian trade Monday as investors take profit on IDR after pair touched close to 2-month low yesterday.

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