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weekly Forex Report (16 APR 2012)Weekly News          Euro dips, data shows Spanish banks reliance on ECB.          Auss... +919993959693                             WEEKLY CHARTS   EUR/USD   USD/JPY                           ... +919993959693   GBP/USD   USD/INR                           +919993959693 +919993959693   Disclaimer   The information and views in this report, our website & all the service w...
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  1. 1. weekly Forex Report (16 APR 2012)Weekly News  Euro dips, data shows Spanish banks reliance on ECB.  Aussie falls as China growth disappoints.  Sterling near 3-mth high vs euro, 19-mth trade-weighted peak.  Euro break below 2012 low of 82.22 pence could open test of 80.   Euro rises, but remains vulnerable to sovereign debt worries.Weekly trends of the market dollar.  Month-end, quarter-end flows weigh on  Spain budget aims to save 27 bln Euros.  The euro slipped as Spanish bond yields rose on data showing the countrys banks were  relying heavily on ECB lending, although the common currency looked unlikely to break out of  recentposts second weekly gain; Disappointing Chinese GDP data also weighed on the euro its Euro range against the dollar. Aussie stabilizes.  EZ finance ministers meet next week0.5 discuss rescue deal. U.S. counterpart. The Chinese and pushed the Australian dollar down to percent against its economy grew 8.1 percent in the first quarter of 2012, below forecasts of 8.3 percent.  China outlook to continue to influence currencies.  The yuan edged higher after the central bank set its second-highest midpoint ever in  response to a weaker dollar, but dealers doubted that the gains pointed to a renewed appreciation trend. Chinas central bank tends to set a stronger midpoint in response to a  weaker dollar overnight, and vice versa, but the relative magnitudes vary. First-quarter GDP  Dollar rallythe Chinese economy grew 8.1 percent from a year earlier, down from 8.9 data showed seen on course as U.S. outlook improves. percent in the fourth quarter last year and slower than the 8.3 percent economists had  Speculators increase bets against yen in latest week. expected. The growth rate was also 8.1 percent in the second quarter of 2009, when the  Sterling touches 5-mth high vs dollar.trillion yuan stimulus plan The weak new GDP figure government was starting to roll out a 4 could reinforce expectations that the government will hold the yuan steady in the near term.  Aussie rises, yen slips as regional shares climb.
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