Greek default is inevitable

Note: This section contains information in English only.
Source: Forexfactory
Greece will default on the exorbitant amount of its debts even in case the country agrees with private bondholders on debt restructuring, said an expert panel. The deal with private investors implies reduction of the country's debt load by 40% from 160% to 120%. But even 120% is a very high level that would hold down Greece's credit rating at a very low level, according to John Chambers, head of sovereign ratings at Standard & Poor's.
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Wed, 25 Jan 2012 13:24:21 GMT

Gold steady ahead of Fed decision and Greek debt deal

Gold prices remained steady during the Asian session as investors started to put more attention to the Fed's decision on further quantitative easing in the US rather than wait for results of negotiations on the Greece's debt restructuring. COMEX gold futures for delivery in February traded at USD1,667.25 a troy ounce, on the New York Mercantile Exchange, easing up 0.17%.

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

Canadian Dollar traded close to flat against its US peer on Tuesday as the growth of country's retail sales slowed in November indicating declining public demand. Retail sales added 0.3% in November compared to 0.9% surge in October. Canadian currency depreciated 0.01% to C$1.0090 in Toronto evening session. Currently USD/CAD is trading at C$1.0104. 

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