FITCH DOWNGRADES 5 EUROZONE COUNTRIES.

Uploaded by cctvnewschannel on 27 Jan 2012 - U.S ratings agency Fitch has cut the credit ratings of Italy, Spain and three other euro zone nations as the region's debt crisis deepened. Fitch cut Italy by two notches to A- from A+, while Spain was lowered to A from AA-. Belgium, Slovenia and Cyprus were also downgraded.

Meanwhile, Fitch put all five nations' credit outlooks as "negative". However, investors were still optimistic over the Greek debt swap deal with its private creditors and the Euro rose against the US dollar for a fifth straight day.

Ask It Early: Personal finances.

Published on 29 Sep 2011 by CBS - CBS News business and economics correspondent Rebecca Jarvis answers viewer questions about personal finance, including the best ways to pay off student loans and credit card debt.

Markets Rally on China's Announcement That Yuan Will Float More Freely.

June 22, 2010 — Market analysts say The New York Stock Exchange and other world markets are extending a rally Monday which began after China announced it would allow its currency to appreciate against the U.S. dollar. Critics say the Chinese have kept it unofficially low to boost their exports. A stronger yuan will make imports, including American goods, more affordable for Chinese buyers. VOA's Laurel Bowman has that story. VIDEO INSIDE:

FOREX: Ringgit Likley To Be Lower Against Us Dollar Next Week

KUALA LUMPUR, Dec 12  09 Bernama 

-- The ringgit is likley to be lower against the US dollar next week with investors holding on to their dollar positions in anticipation of further advances of the greenback, dealers said.

They said the ringgit could move to the 3.45 level against the greenback as investors speculated on a stronger dollar till year-end.

"Investors are also waiting for further advances in the greenback before they liquidate their dollar positions, especially with the coming holiday season, as this will enable them to maximise on their gains," said one of the dealers.

During the week, the ringgit was rangebound against major currencies, as Asian currencies such as the Philipine peso firmed with the weakening of the US dollar.

The Australian dollar and New Zealand dollar rallied against the US dollar during the week, sparked by talk of the possibility of an interest rate hike in both Australia and New Zealand.

On Friday, the ringgit closed lower against the US dollar on strong demand for the greenback with better market sentiment in regional equity markets.

On a Friday-to-Friday comparison, the ringgit was weaker against the US dollar at 3.3980/4010 compared to 3.3790/3830 last Friday.

The local currency also weakened against the Singapore dollar at 2.4448/4496 compared to 2.4436/4500 previously.

The ringgit strengthened against the Japanese yen at 3.8227/8274 from 3.8332/8391 last Friday.

The local currency was firmer against the British pound at 5.5452/5521 compared to 5.6189/6266 last Friday and also against the euro at 5.0080/0158 from 5.0911/0982 previously.