Latest Forex News on American Dollar

According to leading Forex news site ForexYard, the dollar increased compared to the yen on Friday after a promising reading on the U.S. economy in the second quarter encouraged Treasury yields higher, increasing the appeal of the greenback.  Although less than previously estimated, the U.S. economy increased at a 1.6 percent annual rate in the second quarter, as businesses cut back inventories and the trade deficit expanded.

ForexYard reports that the USD/JPY is surprisingly trading higher by 90 pips at 85.30. The dollar is trading higher by 50 pips at 1.0275 against the CHF, as traders witness a clear distinction in the pair’s behavior. As the late night forex trading draws near, market volatility seems to have slowed down. The GBP/USD pair is level at 1.5512.

While there is no such thing as easy forex trading strategies, the forex news site recommends traders to continue purchasing the greenback while the current trend continues.

Credit union extends title sponsorship of Poinsettia Bowl

San Diego County Credit Union extended its title sponsorship of the Poinsettia Bowl through 2012, it was announced Tuesday. The financial terms of the sponsorship were not disclosed. “We are so thrilled and proud that this game and our efforts merit San Diego County Credit Union’s continued title sponsorship,” said Eric Graves, the Poinsettia Bowl’s president. San Diego County Credit Union has …

Here is the original post: 
Credit union extends title sponsorship of Poinsettia Bowl

Debt adviser: Should you pay off your mortgage?

Dear Debt Adviser,

Read more: 
Debt adviser: Should you pay off your mortgage?

CANADA FX DEBT-C$ falls, bonds climb on growth worries

CANADA FX DEBT-C$ falls, bonds climb on growth worries

See the original post:
CANADA FX DEBT-C$ falls, bonds climb on growth worries

Is All Debt Unsustainable?

Name: Larry Winkler Question: Economists seem to agree that the debt cannot be sustained. I’m skeptical of this generality — that is, not all debt is the same. Isn’t it important to distinguish between the debt incurred to improve production and research, versus debt incurred for pure consumption? Paul Solman: Absolutely. The first rule of debt: It’s not how much you borrow; it’s what you do …

See the original post here: 
Is All Debt Unsustainable?

Credit Union refunds mysterious security fee

Dear Greg: Eight years ago I opened an account at Partners Credit Union. It was just a savings account – no checking or ATM card. A couple of months ago while checking my statement, I noticed they’ve been taking $8.95 a month out of my account since September 2009 for some kind of fraud protection I supposedly signed up for. I would never sign up for something like that. I called the credit …

See more here:
Credit Union refunds mysterious security fee

Credit Suisse Upgrades European Banks on Lower Regulatory Costs

Credit Suisse Group AG raised its recommendation on European bank stocks to “overweight” from “neutral,” citing lower-than-estimated costs from regulatory changes and cheaper funding.

Originally posted here:
Credit Suisse Upgrades European Banks on Lower Regulatory Costs

Avoiding Finance Stress: Smart Debt Avoiding Strategies to Consider

Why is it so difficult to earn money, but so easy to spend it all? Cleaning out your wallet could take seconds, and paying the price for doing so could take decades. Debts eventually take their toll on any individual, and it affects his or her physical, mental and emotional health. Therefore, would it make any sense to say debt equals death? If this is true, then the key to a longer, stress-free life is debt avoidance. Here are some practical but wise tricks on how to avoid drowning in debt.

Take budgeting seriously. Do not rely on mental ability to think about where to put your money. Sit down and create a spreadsheet, organizing the money that your have on hand versus the things you need to pay for and buy, versus the savings you can get. The most challenging part of budgeting is not creating it, but sticking to it.

Take your charge cards out of your wallet. The thicker your wallet is with charge and credit cards, the more lax you will be when spending. Always go for cash when making small purchases, and reserve your credit card for major purchases and online transactions.

Save up for the rainy days. Allot a percentage of your money for any unforeseen event or crisis, such as a sudden hospitalization, penalties, fees or emergency expenditures. Most of financial problems and debts begin with an unexpected need to spend. An emergency fund is always critical.

Leave your impulse. A nice piece of clothing, or food that looks delicious can easily tempt you, but knowing your wants versus your needs easily helps you identify what you can afford to spend on, and what you should be content just looking at and not purchasing. If you are unsure about a product, leave it, and think about it for a week. You may not even feel like buying it after the week has passed.

Take advantage of sales and thrift deals. Buying two for the price of one, getting a freebie for a purchase and other thrift deals can save you pennies, and summing up these pennies can eventually allow you to save more than what you had expected to.

Debt recovery regime rapidly progressing: Fitch

Debt recovery regime rapidly progressing: FitchDebt recovery regime rapidly progressing: Fitch

Read more from the original source:
Debt recovery regime rapidly progressing: Fitch

Russia’s foreign debt climbs 10.7% in 7 months

RBC, 31.08.2010, Moscow 18:35:41. Russia’s foreign public debt increased 10.7 percent to USD 41.657bn in January-July 2010 from USD 37.641bn as of January 1 of this year. In July, foreign public debt edged down 0.057 percent, from USD 41.681bn as of July 1, according to the Finance Ministry.

Originally posted here: 
Russia’s foreign debt climbs 10.7% in 7 months

Next Page »