FOREX

Greece has signed up to a package of austerity measures designed to cut its deficit by 11 percentage points between 2009 and 2014, an aim that will deepen the recession and could spark a social backlash. The measures agreed this weekend with the EU and IMF include more tax hikes and steeper cuts in wages and bonuses, in return for a record 110 billion euro ($146.5 billion) bailout. [ID:nLDE64107I] According to the aid plan, Greece will have to save an extra 30 billion euros on top of tough measu...

The Australian Dollar is trading under USD0.9300 following Sunday's proposed tax changes by Australia's Federal Government, and yesterday's decision out of China, when it instructed banks to increase capital ratios in a bid to slow lending.

Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.

France will increase its debt issue plans for 2011, 2012 and a part of 2013 to finance a loan package for Greece, Economy Minister Christine Lagarde said in a newspaper interview published on Monday.

German Chancellor Angela Merkel's government has pledged to contribute about 22 billion euros to an aid package for debt-stricken Greece, dropping earlier resistance to help. Following are extracts from Monday editorials and articles in influential German newspapers on Greece and the euro zone crisis.

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise. The People's Bank of China said it was lifting lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase of that magnitude this year.

Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.

:: Australian Dollar: The Australian Dollar opens?the new week lower against a stronger greenback at 0.9225 after a steady local session last Friday.

China reaffirmed on Sunday its resistance to pressures to let the yuan CNY=CFX rise sharply, dismissing arguments that its foreign exchange policy was mainly responsible for the country's trade surplus.

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A more flexible yuan will help balance the Chinese economy, but Beijing alone must decide on when and how to adjust its currency policy, the head of the Asian Development Bank (ADB) said on Saturday.

Australia: Overnight we saw risk appetite return to the markets after some positive earning results, positive data releases and reports that the bailout agreement for Greece is very close.

Australian Dollar: The Aussie spent the last 24 hours trading above US92 cents and is supported by our yield advantage after the U.S. Federal Reserve kept interest rates unchanged this week and maintained their oft-repeated mantra to leave interest rates at exceptionally low levels for an extended period of time.

* Euro supported by hopes of larger aid package * Spain ratings downgrade shrugged aside * But traders still looking to sell euro rallies (Adds quote, detail, changes dateline, previous TOKYO) By Neal Armstrong

Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain

Australian Dollar: The Australian Dollar opens at 0.9250 this morning higher against the Greenback after another night of volatile trade.

The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.

ATHENS, April 28 (Reuters) - Greek Prime Minister George Papandreou said the euro zone member state was ready to make the changes needed to emerge from its debt crisis.

Good morning dear traders, had the day before yesterday no direction, trading was real fun yesterday.

The AUD has taken a dive overnight following announcements from credit rating agency Standard and Poors in relation to their credit ratings for both Portugal and Greece.

The Australian Dollar opens lower against the greenback on Wednesday at 0.9150.

Good morning dear traders, yesterday was not my favourite trading day. In the beginning there have been some nice trading chances in EURUSD, however later we landed in a sideways range, whereas losses have been forecasted.

The Australian Dollar moved marginally higher yesterday and gradually worked its way towards 0.9280.

Good morning dear traders,EURUSD had no easy day yesterday. Especially the Euro was the whipping boy of the day. Don´t you think so? Sure, it was a perfect day for short traders, but ...

Good morning dear traders, and again one trading day went to an end. However, I was not really satisfied with it.

The Australian Dollar opens lower (0.9260) this morning weighed down by little movement in global equity markets last night and further Greek Sovereign debit worries.

Good morning dear traders, how was your yesterday´s trading day? I hope, you could fetch some pips out of the market. As there have been a lot of chances yesterday.

The Australian Dollar opens higher today at 0.9310 after receiving a boost yesterday from the release of the Reserve Bank of Australia (RBA) April 6 board meeting minutes.

Good morning dear traders, I hope, you had yesterday a good start into the new trading week. The downward trend of last week continued, although EURUSD could win during the day a little bit towards 1.3473. Yesterday I had 3 trades with 42 pips.