| Cash Now (CHNW) Begins Search For A Full Service Forex Broker ...
LAS VEGAS, NV, Feb. 8 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) Cash Now is a public company engaged in the operation and licensing of a comprehensive suite of Internet based payday loan and check cashing software and private label back end office systems. Additionally, the Company is in the late developmental stage of offering an innovative Retail Forex trading platform through a previously announced Introducing Broker (IB) agreement with Advanced Markets, Inc. The company today announced that it has retained an agent to assist in locating a suitable full service broker dealer agency for acquisition, together with various posted listings of "businesses wanted" sections on various Internet based business directories. This will allow the Company to bring these important capabilities in-house and provide greater vertical integration to maximize revenue streams from this high growth opportunity.
Canadian dollar gets boost from oil prices, bonds up
TORONTO (Reuters) - The Canadian dollar bounced back from a 14-month low to close comfortably higher versus the U.S. dollar on Thursday as a sharp turnaround in oil prices helped support the commodity-linked currency. Canadian bond prices also erased earlier losses to close higher for a fifth straight session as data showed prices for new houses in Canada leveled off for the first time in years. The Canadian dollar closed at C$1.1826 to the U.S. dollar, or 84.56 U.S. cents, up from C$1.1849, or 84.40 U.S. cents, at Wednesday's close. After falling to a session low of C$1.1878 at midmorning, the Canadian currency took advantage of a sudden surge in oil prices and went along for the ride. The Canadian currency often follows oil prices given Canada's role as a major oil and gas exporter.
Euro Approaches Record Versus Yen as Trichet Signals Rate Boost
Feb. 8 (Bloomberg) -- The euro approached a record high versus the yen and had its biggest gain against the pound in more than 18 months after European Central Bank President Jean-Claude Trichet suggested policy makers were poised to raise interest rates next month. Trichet said the bank needs to maintain ``strong vigilance'' against inflation after policy makers left borrowing costs unchanged. The euro has risen 1.9 percent against the pound since Jan. 23 as the fastest growth in the region in six years fuels price increases and demands for higher wages. The Bank of England held borrowing costs unchanged. ``The interest-rate outlook favors the euro,'' said Michael Woolfolk, senior currency strategist at the Bank of New York in New York. ``Trichet seems to send the signal that price pressure remains and they need to continue to be vigilant.'' The euro rose to 157.85 yen at 4:08 p.m.
Yuan hits high vs dollar, rising faster in 2007
SHANGHAI, Feb 7 (Reuters) - The yuan set a post-revaluation high against the dollar on Wednesday, bringing its gains this year to 0.74 percent, as the market reacts to signs that Beijing is moving toward a more flexible currency regime. The Chinese currency closed at 7.7480, near an intra-day high of 7.7470, hit late in the session, the highest level since the central bank revalued the currency by 2.1 percent and removed its peg to the dollar in July 2005. The yuan's climb on Wednesday for the first time brought it above 7.75, the strong side of the Hong Kong dollar's trading band against the U.S. dollar. The breach of that level had no major impact on trade in the yuan or the Hong Kong dollar, but it did underline that China's central bank was content to see the yuan appreciate beyond levels which might in the past have provided resistance, traders said.
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