The Euro pushed higher against the US Dollar amid renewed hopes that a bail-out of Greece will be announced shortly, but rising costs of protection against default in Spain and Portugal reveal skepticism about a resolution of the larger southern European debt problem.
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A survey from the Royal Institution of Chartered Surveyors (RICS) showed that the number of polled real-estate agents reporting rising UK House Prices outnumbered those reporting declines by 32%, an improvement over the previous month’s 30% outcome but still below the latest peak at 35% recorded in November.
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Although the G7 has come and gone with no official statement on currencies, the USD is barely moved to only slightly lower against all major currencies on the day, with price action classified more as consolidative.
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--------------(Snapshot at 8:00 a.m./2100 GMT)----------------- FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.8645 (0.8658) 90-DAY (MAR) 95.81 (95.82) 0.6330 (0.6347) 3-YR (MAR) 95.28 (95.26) 77.20 (77.35) 10-YR (MAR) 94.535(94.520) 1.2649 (1.2584) US10-YR 3.57 (3.59)
More about (AFX UK Focus) 2010-02-08 21:35 Aussie dollar worn down by euro debt worries (Interactive Investor)

SYDNEY, Feb 9 (Reuters) - The Australian dollar remained on the defensive on Tuesday with investors still cautious on the outlook for global growth and sovereign debt in the euro zone. * Aussie hovering around $0.8642 at midday, after an early push to the downside met support at $0.8614. Resistance seen in the $0.8710 to $0.8735 area, with a break of 88 cents needed to counter the bearish trend ...
More about (AFX UK Focus) 2010-02-09 02:24 Aussie dollar struggles to overcome investor caution (Interactive Investor)

MANILA, Feb 9 (Reuters) - Here are news stories and press reports which may influence local financial markets on Tuesday.
More about (AFX UK Focus) 2010-02-09 00:57 Philippines-Market factors to watch - Feb 9 (Interactive Investor)

THE NEW governor can, therefore, expect to face questions on. Key areas of focus will include: the actions that have been taken under his watch in this regard, and the signals that have been sent to the market.
More about Local News>BOJ governor should expect baptism of fire - Tough questions likely at first economic briefing (Jamaica Gleaner)

This week’s calendar may seem tame compared to last week’s but there are still some significant releases that can have an impact on price action, especially since we will have to wait until mid-week for the first major event risk.
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The big banks are being taken care of by the government. The smaller ones are going out of business. — Mr Dean Baker, Economist and Co-Director, Centre for Economic Policy Research
More about The Hindu Business Line : ‘US dollar will go down against yuan, but less so against rupee' (The Hindu)

It wasn’t difficult to spot the fundamental driver to crude’s massive decline today. Risk appetite weighed all risk asset classes down with the largest collective drop in capital markets in over six months. For oil, the statistics were not much better than average.
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