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USD/HKD extends gains

25.05.12

"The USD/HKD extends gains as retiring local stocks prompt investors to movement their funds to USD accounts, says a elder trader at a local bank. "Besides, the intelligence that AIG is raising about US$6 billion by selling 1.7 billion shares of AIA could disposed some companies to buy the greenback to participate in the AIA shares sell," the trader says. He tips the pair to business in a 7.7600-7.7640 band in the near administration conditions. The HSI is down 1.5%. The USD/HKD is quoted at 7.7620 vs 7.7587 this morning and 7.7565 news Friday in Asia." © 2012 “FXstreet.com. The Forex Market” All Rights Detached. Every effort is made to provide accurate and superlative information. However, with the thousands of documents handy, often uploaded within short deadlines, we cannot warranty that there will be no errors. Any republication or redistribution of FXstreet.com components is expressly prohibited without the prior written consent of FXstreet.com. Trading remote exchange on margin carries a high-pitched level of risk and may not be suitable for all investors. The sybaritic degree of leverage can work against you as well as for you. Before deciding to pursuit foreign exchange you should carefully over your investment objectives, level of go through and risk appetite. The possibility exists that you could reinforce a loss of some or all of your initial investment and therefore you should not inaugurate money that you cannot afford to lose. You should be au fait of all the risks associated with foreign altercation trading and seek advice from an uncontrolled financial advisor if you have any doubts. Any opinions, scandal, research, analyses, prices or other data contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as widespread market commentary and does not constitute investment warning. FXstreet.com will not accept liability for any depletion or damage, including without limitation to, any deprivation of profit, which may arise directly or indirectly from use of or dependence on such information. Trading foreign the Exchange on margin carries a high storey of risk and may not be suitable for all investors. The drunk degree of leverage can work against you as well as for you. Before deciding to exchange foreign exchange you should carefully regard your investment objectives, level of knowledge and risk appetite. The possibility exists that you could undergo a loss of some or all of your initial investment and therefore you should not establish money that you cannot afford to lose. You should be enlightened of all the risks associated with foreign truck trading and seek advice from an disregarding financial advisor if you have any doubts. Opinions expressed at FXstreet.com are those of the characteristic authors and do not necessarily represent the idea of FXstreet.com or its management. FXstreet.com has not verified the Loosely precision or basis-in-fact of any claim or affirmation made by any independent author: errors and Omissions may happen.Any opinions, news, research, analyses, prices or other knowledge contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as universal market commentary and does not constitute investment suggestion. FXstreet.com will not accept liability for any detriment or damage, including without limitation to, any disadvantage of profit, which may arise directly or indirectly from use of or faith on such information.

Source: FXstreet.com

$A falls as Iran tensions escalate

25.05.12

The Australian dollar is three-quarters of a US cent debase ahead of a big week for economic materials and as tensions overseas escalate over Iran's atomic ambitions.

At 1700 AEDT on Monday, the Australian dollar was trading at 107.08 US cents, down from 107.88 cents on Friday.

Source: Ninemsn