FOREX

Here is a timeline of key events in the euro zone debt crisis since last November, when a new Greek government shocked markets by doubling estimates for the country's 2009 budget deficit.

Bank of Canada Governor Mark Carney urged the G20 on Thursday to push ahead quickly with radical financial reforms but signaled flexibility on when new global banking rules would be phased in.

Introduction It is a pleasure to be here at this important meeting. It comes at a critical time, as we all work to repair a global financial system that has failed our citizens. Given this failure, the G-20's agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement. Recent tensions in Europe have underscored this...

China urged the United States on Thursday not to be suspicious about its U.S. Treasury holdings, after the Senate voted to require regular reports on security risks posed by debt held by China and other nations.

The euro rose on Thursday after the head of China's national pension fund said the currency would weather Europe's debt crisis, though caution before a European Central Bank policy decision capped gains.

The Australian dollar found some support from the release of strong Chinese trade data yesterday. The unofficial report served to support the view that the Chinese economy is still performing very strongly, in contrast to the current situation in Europe.

The Australian Dollar opens higher today against the big dollar at 0.8270. Recent gains fizzled out during local trade yesterday as Asian equity markets pulled back helping to push the Aussie down to an intraday low just above US82 cents.

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...

* New finmin shares PM's view inflation above 1 pct needed * Says BOJ has taken appropriate, flexible steps on deflation * Won't guide currency rates in certain direction -Noda * Says Japan to report fiscal reform plans to Toronto G20

Japan's new Prime Minister Naoto Kan has vowed to tackle the country's huge public debt, but his commitment to fiscal austerity could be tested with the economic recovery still fragile.

ROYAL BANK OF SCOTLAND (RBS.L) Mandate: The bank has opened books on a debut three-year covered euro bond, an official with one of the banks managing the sale said. Guidance: Mid-swaps plus 125 bps area.

What is your Prediction for Gold in 2010 and 2011 Many are projecting gold to perhaps double in the span of one to two years. I think this would only be the case under one or two very severe circumstances. The most prominent threats are that the euro is abandoned or substantially restructured or there are a series of prominent downgrades amongst the major economies.

The euro remained fragile on Wednesday, although it held above a recent four-year low on the dollar, and higher-risk currencies such as the Australian dollar gave back gains as Asian share markets fell.

The Australian Dollar has opened firmer this morning, trading at USD0.8260 following on from yesterday's lead, as equity markets offshore posted gains. Gains in base metal prices also helped support the AUD, with copper up 1.1%, nickel up 1.5% and aluminium +2.8%.

The Australian Dollar climbed almost 1 cent during the local session yesterday despite a weaker than expected reading from the NAB Business Confidence Survey.

Dear traders, is EURUSD „damped??? I do not believe. If I watch the EURUSD on weekly basis I am of the opinion that there is still some potential for going more southly.

Now is the right time for China to reform its exchange rate regime, a Chinese government economist said in comments published on Tuesday. Fan Jianjun, a financial researcher with the Development Research Centre, a think-tank under the State Council, or cabinet, told the China Economic Times that the central bank should halt its currency intervention and let market forces decide the yuan's rate.

The AUD has opened at USD0.8100 after a tumultuous few days in the markets driven by fears (not concerns) about the European debt crisis spreading to more countries and slowing the recovery in the global economy.

The Australian Dollar opens lower against the greenback today at 0.8100. Support at US82 cents gave way yesterday very early in the local session as equity markets lost almost 3 per cent and the 16-nation Euro currency slid to new multi-year lows.

Order ID: 1 | Update | $EURUSD Buy 1.1975 | Stop Loss: 80 Pips | Currently at -20

Warnings from Hungarian officials last week about a potential sovereign debt default raise questions about the country's fiscal outlook and could be negative for its credit rating, rating agencies said on Monday. Moody's said comments made by officials in Hungary's new centre-right Fidesz government suggesting the country was close to a Greek-style economic meltdown were inflammatory and came at a delicate time for global markets.

World stocks fell sharply on Monday and the euro hit four-year lows against the dollar as investors reacted to signs the U.S. economic recovery may be slowing and to new debt worries centred on eastern Europe.

Hungary's government is considering the introduction of a special tax on banks and channelling private pension funds to the state system among options as it drafts its economic action plan, online news portal Index reported on Monday.

Japan's Naoto Kan takes over as prime minister this week, faced with the challenge of fixing policy disarray and cutting a huge public debt that is constraining options for keeping economic recovery on track.

The Australian Dollar was sold off two US Cents towards 0.8200 overnight and has subsequently traded below 0.8200 following reports out of Europe regarding Europe's debt crisis, which may have spread to Hungary.

The Australian Dollar opens the new week sharply lower at 0.8190.

The AUD is slightly weaker this morning after weakness in the EUR reduced risk appetite with some negative news out of the region.

The Australian dollar rallied after third quarter of growth data showed fifth consecutive quarter of expansion

The U.S. dollar rose broadly on Thursday on bets for a strong reading for U.S. payrolls data while the yen fell for a second day versus the dollar due to political uncertainty in Japan. Expectations for a strong payrolls report on Friday whet appetite for riskier assets and pushed the Australian and New Zealand dollars higher, along with some emerging market currencies. Investors tend to sell the low-yielding yen to fund such investments.