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S&P: Italy's ratings not immediately affected by elections result

The S&P rating agency has just published its own verdict about the political gridlock in Italy, after no party won a majoriityt in the Senate, which makes the chances of governability in the country, slim to say the least. According to S&P, the election result has no immediate implications for Italy's BBB+ sovereign rating, however, it warns that the uncertainty in policies are "numerous".

Forex Flash: QE3 to end around the turn of the year - Rabobank

Ben Bernanke testified earlier on Tuesday in his semiannual Monetary Policy Report before the Senate Banking Committee and as main remark, market watched how Bernanke put 'hawkish back in cage' after tempering last FOMC minutes somehow bullish.
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Session Recap: USD strong on Italy uncertainty and US data

The US Dollar is trading on Tuesday with strong note following Monday's panic. The EUR/USD, GBP/USD and the USD/CAD have been trading in consolidation mode while the USD/CAD rocketed to highest since June 2012 and the AUD/USD weakening to 4-month lows.
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