Four pilgrims slain as Shiites flood Iraqi city (AFP)

A Shiite pilgrim touches the casing of the tomb of Imam Abbas on the eve of celebrations marking the anniversary of the birth of Mohammed al-Mahdi, the 12th Imam of Shiite Islam in Karbala. Four Shiite pilgrims were shot dead on their way to join the hundreds of thousands flooding the Iraqi shrine city of Karbala for a major religious festival.(AFP/Mohammed Sawaf)AFP – Four Shiite pilgrims were shot dead on Tuesday on their way to join the hundreds of thousands flooding the Iraqi shrine city of Karbala for a major religious festival, security officials said.


Yuan hits new high against U.S. dollar (People’s Daily)

China’s currency, the yuan, hit a new high on Tuesday against the U.S. dollar on Tuesday at 7.5545 yuan to one U.S. dollar, according to the Chinese Foreign Exchange Trading System. The central parity rate of the yuan, also known as Re …

Yen Strong Against Euro (Nasdaq)

(RTTNews) – The Japanese currency rallied against the euro on Monday and extended the gains in early Tuesday deals in Tokyo. The pair has been now trading near 157.25 compared to its previous day’s close of 158.10. Investors now turn toward the German IFO business climate expected at 4:00 am ET.

Australian Dollar Trending Down Against Sterling (Nasdaq)

(RTTNews) – The Australian dollar trended down against the British currency during Monday’s late New York trading and in the early Asian deals on Tuesday. Down from 2.4232, the pair touched as low as 2.4398 lately.

Aussie Weakens Against Dollar (Nasdaq)

(RTTNews) – After a brief upward trend, the Australian dollar trended down against the US currency during Monday’s late New York trading and in the early Asian deals on Tuesday.

Euro falls against the dollar amid quiet trading (TODAYonline)

US dollar and euro bank notes. The euro fell Monday against the US dollar amid quiet trading and the release of US housing data that was broadly in line with analysts’ expectations, dealers said.

Euro falls against the dollar amid quiet trading (AFP via Yahoo! News)

The euro fell Monday against the US dollar amid quiet trading and the release of US housing data that was broadly in line with analysts’ expectations, dealers said.

Extremists target Iraqi Shiite pilgrims (AP)

Female pilgrims walk past Iraqi security forces on the road where unidentified gunmen had opened fire and threat pilgrims on their way to city of Karbala in neighborhood of Sadiyah in southwestern Baghdad, Iraq on Monday, Aug. 27, 2007. Over a million of Shiite pilgrims from throughout the world is expected to gather in the Shiite holy city of Karbala for the Shabaniyah festival that marks the birth of Mohammed al-Mahdi, the 12th and last Shiite Imam who disappeared in the 9th century. The celebrations will reach their high point late Tuesday and early Wednesday. (AP Photo/Khalid Mohammed)AP – A sniper killed a Shiite pilgrim on a Baghdad bridge Monday while another was killed and six injured in other attacks as tens of thousands of faithful made their way to the southern city of Karbala for a major religious commemoration.


Dollar Sees Directionless Trading Versus Pound (Nasdaq)

(RTTNews) – The US currency drifted lower against the sterling in early Asian deals on Monday and the pair fetched as low as 2.0189 compared to Friday’s New York session close of 2.0130. However, the dollar reversed the losses toward the end of the Asian deals but fell back again in the early European deals.

US Currency Gains Slightly Versus Franc (Nasdaq)

(RTTNews) – The greenback is largely holding steady around its Friday’s range against the Swiss currency. The pair saw little change through the Asian deals on Monday but has gained slightly, of late.