Currency Woes...

Dollar scepticism places spotlight on renminbi
HSBC chief Stuart Gulliver's prediction that China 

will host the world's reserve currency within five to

 ten years is likely to be a conservative estimate

Yen and Swiss franc in demand
The yen was in demand and the Swiss franc hit a 

fresh high against the euro as haven demand 

increases for both currencies

Prospect of ECB buying pares losses
Reports that the ECB was prepared to buy Spanish 

and Italian bonds if Italy announced reforms helped 

pare losses, though growth fears still weighed 

Growing alarm drives gold to records
The gold rally gathered pace as growing alarm in the

 financial markets drove bullion to a series of new records

Five days from debt deal to disaster
When Wall Street fails to rally to the political deal to 

raise the US debt ceiling, it sends an ominous signal

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