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FinData
Daily Market Report
for 28/05/2015
Cramer: Boom! Snapback rally of the euro coming
27 May 2015 10:41 CNBC
"When the euro is weak versus that dollar, that makes it much harder for U.S.-based international companies to compete with European ones, especially in Europe itself.  more...
dollar lower after USD strengthens
27 May 2015 09:22 NEWS.com.au
Westpac said it expected the Aussie to trade around 77 US cents on Wednesday and Thursday in response to the stronger US currency.  more...
Greece must stay in euro but work to avoid default: German economic adviser
27 May 2015 21:11 Reuters
BERLIN Greece must remain a member of the euro zone but it must stop wasting time and do all it can to avoid defaulting on its debts to the IMF, the head of the panel of economic experts that advises the German government said.  more...
Apple eyeing first-ever bond offering in Japanese yen worth $1.62 billion
27 May 2015 06:33 Apple Insider
The company reportedly started gauging interest in bonds earlier this month by talking to regional banks, life insurance firms, and various other institutional investors.  more...
Australian dollar ignores talk of turbulence
27 May 2015 19:13 The Australian
Still, he said rising US rates would benefit the Australian economy through a falling Aussie dollar. “The Fed will raise rates when the US economy is strengthening ... no doubt when the Fed raises interest rates, there will be some market turbulence ...  more...
Indian rupee breaches 64 mark, down 17 paise vs US dollar
27 May 2015 16:07 Financial Express
Continuing its weakness for the third straight day, the Indian rupee dropped below the 64 mark, falling 17 paise, to quote at 64.15 against the US dollar in early trade today at the Interbank Foreign Exchange as the American currency firmed up overseas ...  more...
Australian dollar slips to one-month low as greenback strengthens
27 May 2015 09:26 Sydney Morning Herald
The Australian dollar dropped to a month-low overnight as the US dollar rallied on the back of strong economic data. The dollar dropped to 77.29 US cents at 7.15am on Wednesday morning, down 1.1 per cent.  more...
Liquidity squeeze halves BoB's interest expenses
27 May 2015 16:52 Mmegi Online
The Bank of Botswana (BoB) last year cut down its interest expenses by almost 50 percent as the liquidity-starved commercial banks ran short of funds to invest in the Bank of Botswana Certificates (BoBCs).  more...
Nabors Industries (NBR) Stock Slumping as Oil Prices Fall
27 May 2015 04:41 TheStreet.com
A strong dollar and the possibility of that U.S. shale producers will increase drilling activity are driving the commodity's price lower, Reuters reports.  more...
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