Weekly FX roundup: Markets see positive in UK Budget

29 June 2010

The currency and commodity markets opened Monday's trading session in a tight range, following Friday's late rally. This past weekend's high profile G20 meeting held in Toronto did little to fuel investor confidence and instead perhaps the markets were left expecting more. Some highlights from the meetings included more stringent capital adequacy rules for banks and suggested these new capital requirements would be phased in by 2012.

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