Overnight Interest Rate Update 10.16.08 Current Yesterday USD 1.93750 2.14375 GBP 5.17500 5.37500 EUR 3.75000 3.73625 JPY 0.87625 0.96750 CHF 3.75833 4.00000 AUD 7.32500 7.31250 CAD 3.17500 3.42500 NZD 9.12500 9.37500 Go to Full Article

SNB Sets Up Special Purpose Vehicle (SPV) to Buyout Illiquid Assets SNB's Roth said UBS rescue won't affect monetary policy. The SNB today announced that it decided to loan up to USD 54B to a special purpose vehicle (SPV)... Go to Full Article

Trend of the Day: AUD/USD AUD/USD is our Trend for Today Go to Full Article

Post of the Day: USD/CHF Student’s Question: I have a question on this chart that I did attach. I can see the resistance line but in the last few weeks the resistance was broken... Go to Full Article

Swiss Retail Sales Disappoints, Adding to Growth Concerns Swiss retail sales was flat on the year in real terms in August, after rising 6.2% y/y in July. Swiss retail sales are notoriously volatile but the 3m... Go to Full Article

US Dollar Gains on Global Recession Fears - Why? (Euro Open) The US Dollar has advanced against the major currencies as fears of a global recession replace the credit crunch as the primary concern across financial... Go to Full Article

EU to Overhaul Financial System, Backed by French President Nicolas Sarkozy (Update2) EU calls for overhaul of the worlds financial system. EU leaders at a special summit yesterday called for a global summit as soon as next months to rewrite... Go to Full Article

European Central Bank to Lend Upto EUR 5B to Hungary ECB and Hungary have set up a pact on repo transaction, that allows the Hungarian central bank to borrow up to EUR 5B as support for the central bank's... Go to Full Article

Morning Coffee Thursday 16-10-2008 Gain a wider view of the factors behind current economic news with comprehensive analysis and commentary from RCPL Forex Go to Full Article

Market Overview by Forex Yard Economic News * USD Dollar Appreciates Despite Negative Figures After a relatively negative news day, the USD still managed to appreciate against most of its currency counterparts. How can this be? Analysts have declared a decreased risk appetite and...

AUD/USD - Australian Dollar US Dollar, European Session - 16/10/08 0,6758. Go to Full Article

EUR/AUD - Euro Australian Dollar, European Session - 16/10/08 2,0022. Go to Full Article

EUR/CAD - Euro Canadian Dollar, European Session - 16/10/08 1,6025. Go to Full Article

EUR/CHF - Euro Swiss Franc, European Session - 16/10/08 1,5263. Go to Full Article

EUR/JPY - Euro Yen, European Session - 16/10/08 135,90. Go to Full Article