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(Reuters) -Following is a statement issued by euro zone leaders after an emergency summit of the 17-nation currency area on Thursday.
STATEMENT BY THE HEADS OF STATE OR GOVERNMENT OF THE EURO AREA AND EU INSTITUTIONS We reaffirm our commitment to the euro and to do whatever is needed to ensure the financial . . . →Read More:TEXT-Text of euro zone summit statement  Leave a comment  Forex News  Adjustment Measures,Currency Area,Debt Crisis,Debt Sustainability,Emergency Summit,Euro Zone,Financial Stability,Greek Citizens,Greek Economy,Greek Government,Greek Parliament,Growth Path,Maturities,Public Finances,Reuters,Sound Economic Fundamentals,Sovereign Debt,Summit Statement,Sustainable Growth,Voluntary Contribution NEW YORK (Reuters) -Wall Street rallied for a second day on Thursday as concerns about Europe’s sovereign debt crisis waned,giving investors the chance to add to positions in winners among banks and retailers. More than two stocks rose for every decliner on the New York Stock Exchange,with bank stocks leading the way . . . →Read More:Wall Street rallies as euro concerns ease,data eyed Leave a comment Forex News Bank Stocks,Bkx,Dow Jones Industrial,Dow Jones Industrial Average,EUR,Euro,Euro Zone,Financial Shares,Goldman Sachs,Goldman Sachs Group,Goldman Sachs Group Inc,Gs News,Irvington New York,Kbw Bank Index,Nasdaq Composite Index,New York Stock,New York Stock Exchange,Retail Index,Sachs Group Inc,Wall Street Rallies,York Retailers,York Stock Exchange The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening the door for a return of risk appetite. Strong fundamentals from the Euro-zone and the U.S. are also adding to growing optimism. GBP/USD The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening . . . →Read More:British Pound Finds Bid on Broader Optimism but Downside Risks Remain with Cloudy Yield Outlook The New Zealand Dollar was the strongest-performing G10 currency on a relatively quiet week of trade,benefiting from domestic economic data and modest improvements in financial market risk sentiment. New Zealand Dollar:Risk of Sharp Declines on Financial Market Stress Fundamental Forecast for New Zealand Dollar:Bearish New Zealand Dollar rallies on higher-than-expected . . . →Read More:New Zealand Dollar:Risk of Sharp Declines on Financial Market Stress Leave a comment Forex News Bank Of New Zealand,Basis Points,Carry Trade,Cftc,Commitment Of Traders,Declines,Domestic Economic Data,Economic Event,Euro Zone,Fiscal Crisis,Interest Rate Expectations,Market Risk,New Zealand Currency,New Zealand Dollar,NZD/USD,Overnight Index Swaps,Producer Price Index,Rbnz,Reserve Bank Of New Zealand,Speculators | ||
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Guest Commentary:The Dollar Survives Again
Given all that stress that the Federal Reserve’s currency debasement program is laying on the global economy,last week’s G-20 summit in South Korea should have been the monetary equivalent of a military degradation for the U.S. dollar. The greenback should have been slapped across the face,stripped of its medals,and cashiered from the . . . →Read More:Guest Commentary:The Dollar Survives Again