18.05.12

The whitecap of the EUR towards 1.3100 only a few days ago was indeed very short lived as the common currency plunged to it low-est levels in 15 months against the USD and to 11 year lows against the Japanese Yen. In the face stronger than expect US labour market data, European in arrears concerns continue to weigh on investor sentiment. Credit rating agencies pick up to warn of reviews and downgrades of various countries within the eurozone and there is mounting gambling that France will soon lose its AAA rating which saw bonds yields start at the latest bond sale. The EUR fell below 1.2800 to as low as 1.2768 overnight.

The forceful selling of the EUR was also aided by a Financial Times report that said that Spanish banks would shortage to come up with extra capital to cover rising bad loans while the Spanish Investment capital Minister indicated that banks would have to fix up their balance sheets without Treasury help. The Australian dollar fell more than a cent to as low as 1.0230 overnight as the plummeting EUR weighed on the risk currencies. Furthermore, traders took the occasion to sell the currency after the release of a lower than expected trade surfeit as exports of resources unexpected slowed. The trade surplus for November was reported at AUD 1.38 billion versus expectations of AUD 1.65 billion.

Source: Forex Market

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by Staten Island Advance

Dead his rectitude compass, cops say By Staten Holm Assist April 03, 2010, 6:05AM STATEN Ait, N.Y. -- He clearly needed helpers navigating Staten Isle roads; now he'll requisite to find Flagitious Court.

Kevin Masinski, 26, of Locust Group, Crucial Kills, is accused of smashing the window of a parked car on Amboy Passage in his on community, sympathy in and grabbing a GPS system.

In the technique, he caused more than $250 benefit of reparation to the car, enforce said.

Masinski, who was arrested at the location of the misdeed Thursay at 12:52 p.m., is charged with petit larceny, fourth-position gangster badness, third-inch by inch auto stripping and offender possess oneself of of stolen possessions, according to a spokesman for Part Attorney Daniel Donovan. 
  STATEN Isle, N.Y. -- Today's "Remark of the Day" was posted by SILive.com owner mattymike123, to a representation about Rep. Michael McMahon likened to Judas during a salubrity trouble recover at urban district meeting. Said mattymike123...

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