Sterling exchange rates:

Economic ties between the U.S. and Switzerland have grown but the overall bilateral relationship has not improved in the past two years, the Swiss-American Chamber of Commerce said on Wednesday.

This is an update to yesterday's AUDUSD triangle trade idea. Risk can be minimized to .8865. The target is below .8591 (new low).

2008-08-20 14:19:56

MOSCOW, Aug 20 (Reuters) - Russia is not planning to raise its exposure to debt issued by U.S. agencies Fannie Mae and Freddie Mac <FNM.N><FRE.N>, but will not cut it rapidly, Russia's deputy finance minister said on Wednesday.

India spot gold prices rose over 2 percent on Wednesday as the weaker rupee heightened the precious metal's appeal as an alternative investment.

The German government moved Wednesday to block takeovers of German firms by petrodollar-rich investment vehicles known as sovereign wealth funds if they are deemed to jeopardise national security.

MOSCOW, Aug 20 (Reuters) - Russia is not planning to rapidly raise or cut exposure to debt issued by U.S. agencies Fannie Mae and Freddie Mac <FNM.N><FRE.N>, Russia's deputy finance minister said on Wednesday.

WARSAW, Aug 20 (Reuters) - Poland's output growth slowed in July on the back of a weaker European Union economy and the strong zloty, Deputy Finance Minister Katarzyna Zajdel-Kurowska said on Wednesday.