China’s official exchange rate broke through the psychologically important 8 yuan-per-dollar level Monday, its highest level in more than a decade, in a move traders said might signal Beijing’s willingness to allow its currency to appreciate faster.

Reuters – Bombs damaged three shops known for
selling alcohol in a commercial district of downtown Baghdad
early on Tuesday in what may have been the latest attack by
militants seeking to impose Islamic customs in Iraq.

The UAE should allow the dirham to appreciate against the US dollar, as Kuwait did with the dinar last week, to reduce inflationary pressures in the UAE economy, analysts said.

AP – British soldiers returning from Iraq may be less at risk of war-related illness than U.S. troops because they are more experienced and come under fire less frequently, according to new research.

Reuters – U.S. forces killed over 40 Iraqi rebels
in raids and air strikes near Baghdad, the military said on
Monday, but leading clerics from the Sunni minority accused the
Americans of an "atrocity" that killed two dozen civilians.

Reuters – British soldiers who served in Iraq are
showing few signs of the 'Iraq War Syndrome' that troubled
veterans of the Gulf War in the early 1990s, scientists said on
Tuesday.

AFP – Doctors monitoring British troops in the Iraq War report that so far they see no repeat of the notorious yet elusive condition known as Gulf War Syndrome, which surfaced after the 1991 conflict.

Dubai: The UAE should allow the dirham to appreciate against the US dollar, as Kuwait did with the dinar last week, to reduce inflationary pressures in the UAE economy, analysts said yesterday.

The yuan’s breaching of 8 to the dollar was an important event that rattled currency markets already shaken by the dollar’s recent weakness.

COESfx, Inc., a leading online foreign currency trading firm, has formed a strategic partnership with Crosscurrents Investment Advisory Service, Danbury, CT, as part of its ongoing educational efforts to keep traders informed.