Daily Forex Market News & Analysis: 12 August 2011,

Dear Trader
The Euro climbs, as a rebound in U.S. stocks was taken as a sign that investors may be less wary about holding riskier assets. The euro was also supported, after the European Securities and Markets Authority signaled that France, Spain, Italy and Belgium will impose bans on short-selling from today to stabilize markets.
Interventions by Swiss National Bank and Bank of Japan are putting the Franc and Yen under continuing pressure.

MBCFX Forex & CFDs Brokerage Firm