Selling USD is attractive, says UBS

UBS AG in their latest investment report say that they maintain their negative view of the outlook for USD over three and six months on the expectation that US growth is weakening

Fed speak to affect dollar

Today sees the release of the Chicago PMI but the key focus will be on speeches by Fed’s Poole and Yellen. Yellen is known to be more of a dove but if

Lloyds TSB to set up branch in Cyprus

Lloyds TSB Offshore Limited” of Jersey has received a licence from the Central Bank of Cyprus to set up a branch here to carry on banking business in Cyprus, effective July 31,

Industrial output rises in May

Industrial output recorded an increase in May, rising by 3.4% compared with the same month of 2005. All categories of industry rose: manufacturing rose by 2.3%–the first rise in 6 months—mining and