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Tuesday, 12 July 2011

Daily Currency News



Italian contagion fears weigh on euro
Euro drops as the cost of insuring Italian government debt against default hit a record high

Volte-face on won as Seoul fights inflation
The South Korean government has reduced interventions in the currency markets as it looks to fight inflation and boost growth

Markets rocked as debt crisis deepens
Consortium of large European banks with holdings of Greek bonds demand that the European Union commit itself to a buyback of the debt

Nestlé
A small bet on a potentially big return is in effect the reasoning behind the Swiss company's offer for the Chinese food maker

CME to launch revamped renminbi-based futures
World's largest futures exchange is stepping up moves into international foreign exchange markets and increasing its focus on Asia-Pacific region

GLOBAL CURRENCY EXCHANGE RATES
CURRENCIES Mid Price
GBP-EUR
1.1412
GBP-USD
1.5854
GBP-AED
5.8017
GBP-AUD
1.4992
GBP-EGP
9.4081
GBP-BRL
2.4928
GBP-KWD
0.4349
GBP-NZD
0.5138
EUR-USD
1.3893
EUR-AED
5.0839
EUR-BRL
2.1844
USD-AED
3.6594
AUD-AED
0.2584
NZD-AUD
0.7704
NZD-USD
0.8147
NZD-EUR
0.5864
Please note the above are indication rates between the buy and sell side
of the market at 7am on
Tuesday 12th of July 2011

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