Saturday links: renminbi rise slows, new entrant to commodity trade finance?, financial repression

http://blogs.ft.com/beyond-brics/2011/12/12/renminbi-not-so-fast/?utm_source=ft.com/beyondbrics

http://www.hellenicshippingnews.com/News.aspx?ElementId=7f0c3ccc-97ec-4390-ade5-d3a9434812a6

http://m.ft.com/blog/2011/12/12/793411/financial-repression-part-i-a-recap?catid=10

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Chart of the week: Despite declining to lowest level against the USD in a year this week, EURO is still 8% higher than June 2010.

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BRENT CRUDE 105.34 + 1.09; COTTON 86.06 + 0.94

Brent crude rose in Asian trading. Crude prices fell yesterday on a stronger dollar (following news that little support was coming from the US FED) and an agreement from OPEC that it would hold production.

Cotton prices also fell yesterday on the strengthening dollar (reducing the appeal of cotton to buyers outside the US) before recovering some ground this morning.

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