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	<title>OANDA Forex Blog</title>
	
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		<title>Euro Gains on Greek Deal</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/iVR-ZWFHATo/</link>
		<comments>http://forexblog.oanda.com/20120209/euro-gains-on-greek-deal/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 19:57:35 +0000</pubDate>
		<dc:creator>Scott Boyd</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140461</guid>
		
			<content:encoded><![CDATA[By Sam Mattera
Benzinga Guest Writer
Finally! The Greek situation has been put to bed! Or has it?
On Thursday morning, Greek leaders announced that they had finally reached a deal with their private creditors to avoid an outright default. The EUR/USD currency pair instantly rallied on the news, spiking over 0.30% to break strongly above the $1.32 price level.
US equity markets moved into positive territory, trading at modest gains early in the session on Thursday. Equity futures had been...<br/>
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		<title>ECB, Bank of England Leave Rates Unchanged</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/mr_eFxwKVzo/</link>
		<comments>http://forexblog.oanda.com/20120209/ecb-bank-of-england-leave-rates-unchanged/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 14:20:16 +0000</pubDate>
		<dc:creator>Scott Boyd</dc:creator>
				<category><![CDATA[Central Bank Watch]]></category>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140431</guid>
		
			<content:encoded><![CDATA[Both the Bank of England and the European Central Bank (ECB) opted to leave their respective benchmark lending rates unchanged. The ECB rate will remain at 1.0 percent, while the Bank of England rate was held steady at 0.5 percent.
The rate announcements came just hours before the news was made public that the Greek coalition government had reached a deal on spending cuts paving the way for a second emergency bailout for Greece. The rescue package is valued at 130 [...]<br/>
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		<title>UK Industrial Output Increases Above Forecast</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/-C6fbm05-lU/</link>
		<comments>http://forexblog.oanda.com/20120209/uk-industrial-output-increases-above-forecast/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 11:45:22 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140391</guid>
		
			<content:encoded><![CDATA[U.K. manufacturing increased in December by five times more than economists forecasted, and the total trade deficit shrank to the smallest since 2003, pointing to signs of economic strength at the end of last year.
According to the Office for National Statistics, factory output increased 1 percent from the previous month, and out of 13 categories of U.K. manufacturing, four fell on the month and nine rose. Transport equipment rose 3 percent and the manufacture of food, beverages and tobacco...<br/>
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		<title>BoE and ECB Showtime</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/y5IK1_IrMMw/</link>
		<comments>http://forexblog.oanda.com/20120209/boe-and-ecb-showtime/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 11:31:15 +0000</pubDate>
		<dc:creator>Dean Popplewell</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140361</guid>
		
			<content:encoded><![CDATA[It was another night of ‘deal or no deal’ ahead of the ECB and BoE rate announcement this morning. Price action has been choppy, influenced mostly by a higher than expected Chinese CPI inflation print (+4.5%) and the fear that the Greek coalition talks were to end in no agreement being quickly followed by reports of a tentative agreement. None of this did anything to impress, nor promote enthusiastic risk taking. Apparently in Greece, the issues regarding supplementary pensions or [...]<br/>
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		<title>Greece’s “Last Minute” Incomplete Deal</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/w8rCoK89w9E/</link>
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		<pubDate>Thu, 09 Feb 2012 11:09:48 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140331</guid>
		
			<content:encoded><![CDATA[Greek Finance Minister Evangelos Venizelos is in Brussels today. He brings an incomplete deal on austerity measures to Euro zone finance ministers, and they must decide whether Greece has already done enough to receive a bailout package needed to prevent the country default. Venizelos said he hoped they would make a positive decision. “A Greek default will not be on the agenda of today’s emergency finance ministers’ meeting, which starts at 6 p.m. in Brussels”, said a euro zone official.
A [...]<br/>
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		<title>No EURO Freeze just Squeeze</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/3IBDGQ7Vbr4/</link>
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		<pubDate>Wed, 08 Feb 2012 11:23:19 +0000</pubDate>
		<dc:creator>Dean Popplewell</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140081</guid>
		
			<content:encoded><![CDATA[A Greek deal is almost here again, maybe tomorrow or Friday or next week! It’s like dealing with an adolescent teen and their irreverent actions. Accountability and big picture politics do not seem to be included in the Greek decision process, otherwise there would be a greater sense of urgency and unity rather than domestic discord and non decisions. Despite all this, the hint, the potential, the wanting has the EUR bid over the past two sessions, allowing it to [...]<br/>
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		<title>Greeks Trying Again to Seal an Austerity Deal</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/WGFh1fWsQ6g/</link>
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		<pubDate>Wed, 08 Feb 2012 11:15:46 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=140041</guid>
		
			<content:encoded><![CDATA[One deadline after another has come and gone. A meeting that had already been delayed on Monday night was postponed again on Tuesday evening as the leaders of the Greek coalition parties said they had not seen the document outlining the austerity deal.
Meanwhile, a general strike by public- and private-sector unions shut banks, slowed public transport, closed schools and forced hospitals to operate with skeleton staff on Tuesday.
During yesterday’s late night talks involving EU, ECB and IMF...<br/>
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		<title>SNB to Intervene in the Currency Market</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/BssAyNiZTDk/</link>
		<comments>http://forexblog.oanda.com/20120207/the-swiss-national-bank-to-intervene-in-the-currency-market/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 13:37:17 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[AUD]]></category>
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		<category><![CDATA[Currency]]></category>
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		<category><![CDATA[Forex Round Up]]></category>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=139831</guid>
		
			<content:encoded><![CDATA[The Swiss National Bank (SNB) will enforce its minimum rate of 1.2 Swiss francs per euro and is ready to buy unlimited amounts of foreign currency in any global interbank market, said  interim president Thomas Jordan on Tuesday.
The SNB introduced the 1.2 francs-per-euro cap in September to stem the Swiss currency appreciation in an effort to relieve the pressure on the country&#8217;s exporters and prevent the risk of deflation.
However, even at the current rate the franc is still very [...]<br/>
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		<title>Indian Growths Slows Down</title>
		<link>http://feedproxy.google.com/~r/OANDAForexBlog/~3/fPYxF27u6eQ/</link>
		<comments>http://forexblog.oanda.com/20120207/indian-growths-slows-down/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 13:31:20 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=139761</guid>
		
			<content:encoded><![CDATA[India’s economy will grow at its slowest rate in three years in the fiscal year ending in March, according to an outlook released on Tuesday by the government’s central statistics office.
The office revised its estimate for GDP growth for the year to 6.9 per cent. If the number is confirmed, it will mark a strong decline from last year’s 8.4 per cent.
Industrial production and foreign investments contracted, the rupee was Asia’s worst-performing currency, and the country’s current account and...<br/>
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		<title>EUR Pegged to be Lower?</title>
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		<comments>http://forexblog.oanda.com/20120207/eur-pegged-to-be-lower/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 11:29:58 +0000</pubDate>
		<dc:creator>Dean Popplewell</dc:creator>
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		<guid isPermaLink="false">http://forexblog.oanda.com/?p=139671</guid>
		
			<content:encoded><![CDATA[Market surprises seem to be coming in three&#8217;s this morning. EUR is still in demand and is beginning to encroach on price tipping points that has more than a few weaker shorts worried. Last night, the RBA stuck to its guns and kept rates unchanged at +4.25%, resulting in the market being flat footed and the currency spiking to print 1.0815. Despite being close to even odds of nothing doing down under, market reaction indicates the breath of Governor Stevens [...]<br/>
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