FXstreet.com (Barcelona) - The Euro regained previous losses after the release of banks' stress tests, and from 1.2800 area, the pair bounced up to a week-close at 1.2900, to remain consolidating between 1.2900 and 1.2950, a trend which, according to Nicole Elliott, technical analyst at Mizuho Corporate Bank, could extend through the whole week.
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FXstreet.com (Barcelona) - Euro-shares were dragged higher in early trading on Monday, as braver investors eyed on bid higher after the stress tests shrank pessimism, giving way to increase the support towards the banks, today's best performing sector so far.
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FXstreet.com (Buenos Aires) EUR/USD Current price: 1.2885. Not far from Fridays close, pair managed to test the 1.2930 area after the European stress tests showed that only 7 out of 91 banks failed to pass the test, and need around 3.5B euros to meet capital request.
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* Dollar under pressure as equity markets rise
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ISLAMABAD (July 22 2010): The Federal Board of Revenue has urged the State Bank of Pakistan to chalk out an effective mechanism for sharing forex remittance information among the customs department and the banks through electronic data interchange system.
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