Archive for February, 2013

Euro saved by smooth Italy debt sale, yen resumes descent

by Forex Rooton February 28, 2013 7:57 am GMT
The euro held its ground against the dollar and yen on Thursday, with euro bulls taking heart after a relatively smooth auction of Italian government bonds helped temper concerns about the country’s political deadlock. Strong U.S. business spending data also boosted investors’ sentiment, easing worries about looming U.S. fiscal spending cuts and prompting the yen […]

Yen holds gains as investors await Italian bond sale

by Forex Rooton February 27, 2013 6:08 am GMT
The yen held onto its edge against its major counterparts in Asian trading on Wednesday as investors awaited an Italian bond auction later in the session which could give clues on the direction of the euro. Italy’s borrowing costs have soared on the back of a political stalemate following its recent election, creating a challenging […]

EURUSD slips to near 7 weeks low on messy Italy vote

by Forex Rooton February 26, 2013 6:14 am GMT
The euro skidded close to a seven-week low against the dollar while the yen kept some distance from multi-month lows on Tuesday as the spectre of political gridlock in Italy spurred traders to seek refuge in the U.S. and Japanese currencies. Italy’s centre left won the lower house as widely expected, but projections by Italian […]

Saudi Arabia completes regulations of 3/5 new mortgage laws

by Forex Rooton February 25, 2013 6:36 am GMT
Saudi Arabia issued final regulations on real-estate financing, leasing and supervision of financial companies as the kingdom works to ease a housing shortage by opening up its mortgage market and enacting the country’s first home-loans law. The regulations outlining three of the five laws that make up the package of changes were posted today on […]