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Monday, 11 July 2011

Daily Currency News


China's bad debts a cause for concern
China has seen a big surge in lending over the past few years and bad loans are turning up, but it may find it hard to deal with them in the same way as a decade ago

China firms aim to link up with dollar funds
It remains hard to attract international limited partnerships in China despite efforts by Chinese companies to attract US dollar funds to aid expansion

Asia's outsourcing hiatus now over
Recent research suggests Asia's hiatus in the hiring of international managers to manage their equity portfolios is now over, evidenced by a number of initiatives by various SWFs

Euro falls heavily as eurozone woes deepen
The eurozone's developing crisis, with Italy's woes coming into sharp focus, leaves the euro struggling for footing this week

Risk assets slump on weak US jobs data
Risk assets are sliding after eagerly anticipated US jobs data came in much weaker than expected.

GLOBAL CURRENCY EXCHANGE RATES
CURRENCIES Mid Price
GBP-EUR
1.1285
GBP-USD
1.5964
GBP-AED
5.8623
GBP-AUD
1.4911
GBP-EGP
9.4992
GBP-BRL
2.4950
GBP-KWD
0.4389
GBP-NZD
0.5226
EUR-USD
1.4146
EUR-AED
5.1948
EUR-BRL
2.2109
USD-AED
3.6722
AUD-AED
0.2544
NZD-AUD
0.7792
NZD-USD
0.8342
NZD-EUR
0.5897
Please note the above are indication rates between the buy and sell side
of the market at 7am on
Monday 11th of July 2011

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