EC takes legal action against Hungary

Note: This section contains information in English only.
Source: Forexfactory
The EC took a legal action against the government of Hungary for violations of the EU treaty law and violations of democracy. Hungary has no opportunity to secure necessary funding from the IMF and the EU until the conflict is settled. Hungary's premier, Viktor Orbán, has to decide either to meet EU requirements or let the country fell into bankruptcy. Yields on two-year debt of Hungary soared to 9.17%.



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Wed, 18 Jan 2012 10:23:06 GMT

US stocks close slightly higher on Tuesday

US stock market indexes ended modestly higher on Tuesday amid mixed earnings reports and positive Chinese GDP data. S&P 500 Index gained 0.4% or 4.58 points and closed at 1,293.6, Dow Jones Industrial Average Index climbed 0.5% or 60.01 points to 12,482.07, while Nasdaq Composite surged 0.6% or 17.41 points to 2,728.08.

Wed, 18 Jan 2012 10:22:39 GMT

Aussie hit trades close to November high ahead of jobs report

Australian Dollar appreciated sharply against greenback on Wednesday, fluctuating close to 1.5 month record-high before country's jobs report due tomorrow. Analysts expect the hiring increased in December. Aussie gained 0.2% against US Dollar to $1.0401 on Sydney trade while Kiwi surged 0.4% to $0.8037. Currently AUD/USD is trading at $1.0380 and NZD/USD is trading at $0.8023.

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