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Euro Rebounds as Stocks Rises on Hopes for G20 Meeting

The euro rebounded from yesterday’s drop to the eight-month low after global stocks advanced as the leaders of the Group of Twenty nations meet in Washington.(…)Read the rest of Euro Rebounds as Stocks Rises on Hopes for G-20 Meeting (53 words) Posted on Forex News. Read More Euro Rebounds as Stocks Rises on Hopes for G20 Meeting

GBP Advances as G20 Meeting Improves Outlook for Global Economy

Another currency that benefited from the meeting of the Group of Twenty nations chiefs was the Great Britain pound. The sterling reached the record low versus the yen yesterday.(…)Read the rest of GBP Advances as G-20 Meeting Improves Outlook for Global Economy (69 words) Posted on Forex News. Read More GBP Advances as G20 Meeting Improves Outlook for Global Economy

CAD Slows Decline, Posts Record Weekly Drop vs USD

The decline of the Canadian dollar slowed today, but the currency still fell most in almost three year over this week, posting the biggest weekly drop since the global recession.(…)Read the rest of CAD Slows Decline, Posts Record Weekly Drop vs. USD (97 words) Posted on Forex News. Read More CAD Slows Decline, Posts Record Weekly Drop vs USD

Risk Goes off the Cliff No Bottom in Sight

Risk assets crumbled in the past week, with major stock and commodity indices putting in some of their worst weekly performances since late 2008. Greek debt/default headlines continue to dominate market attention, but the underlying cause of the market slump remains the deteriorating global growth outlook. In particular, the Fed’s Read More Risk Goes off […]

Australian Currency Rebounds, Down Over Week

The Australian dollar pared its two-day decline as the leaders of the Group of Twenty nations pledged to resolve the problems of the global economy and prevent another worldwide financial crisis.(…)Read the rest of Australian Currency Rebounds, Down Over Week (128 words) Posted on Forex News. Read More Australian Currency Rebounds, Down Over Week

10 Policy Options for this Weekend Time for the Mandarin Accord

As IMF and global finance leaders meet in Washington for the annual meeting, there is a desperate need for solution to the Greek and Euro-zone crisis as the lack of leadership is putting the global financial sector and economy under severe strain. There needs to be an immediate boost to Read More 10 Policy Options […]

Bad Week for Global Economy, Good Week for Yen

This week was marked by risk aversion sentiment that hit markets hard and sent stocks, commodities and higher-yielding currencies tumbling down. The Japanese yen thrived in such an environment.(…)Read the rest of Bad Week for Global Economy, Good Week for Yen (181 words) Posted on Forex News. Read More Bad Week for Global Economy, Good Week for Yen

Policy Must Change the Eurozone is Out of Time

In 1992, the UK lifted interest rates to 15% to keep Sterling within the ERM the policy failed dramatically within 12 hours. In a time of crisis, governments can reach a point when there is a total disconnect between the administration’s policies, financial markets and the country as a Read More Policy Must Change the […]

Market Pondering Whether to Pump or Dump ahead of Weekend

Market can’t decide whether to dump risk ahead of the weekend or dump it as the interventionist spirit has clearly been moved by the latest round of market turmoil. The G-20 communiqu? issued late yesterday promising a “strong and coordinated response” provoked a shoulder shrug in Asia, followed by a Read More Market Pondering Whether […]

Europes Future Stable Footing

A darkening outlook from the Federal Reserve and signs that Eurozone economic activity could fall sparked a further rout in risk sentiment this week. Equity markets fell back to their early August lows; oil prices fell sharply; and government bond yields set new lows, the 10-year US Treasury at its Read More Europes Future Stable […]