News that President Cristina Fernández’s husband Néstor Kirchner, her predecessor as president, bought $2m in October 2008, a month after the collapse of Lehman Brothers, has sparked opposition outrage

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Just a day after the RBA mentioned China shift in policy as a rational for holding rates, Fitch Rating warned that banks in China faced the greatest “bubble risk” of any Asian country. This temporarily took the wind out of the risk-on tone, pushing the EURUSD down to 1.3946. However, markets were able to rally [...]

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G10 Advancers and Decliners vs USD EUR 0.15 CHF 0.08 JPY 0.05 GBP -0.03 FX markets were choppy in the Asian session but little changed, as traders await a slew of economic data and events.The NZD/USD was range-bound between 0.710-35 range for the early part of the session, before risk was sold off as concerns [...]

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Eurozone consumers did not crank up spending in the Christmas month according to the retail sales report, which was released today. Instead of posting an increase of 0.4% month-on-month as was…

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