Summers will not succeed Fed’s Bernanke
Former U.S. Treasury Secretary Larry Summers has withdrawn his name for consideration to succeed Ben...
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U.S. dollar falls to near 4 week low against major currencies after Lawrence Summers pulled out from the race to be the next Fed chief
Content is for general information purposes only. It is not investment advice or a solution to buy o...
BOJ to Monitor Fed’s Policy Exit
As markets tune into how the Federal Reserve is going to rein in its massive stimulus program, so is...
Risk Appetite Gains As Summers Withraws From Run For Fed Chairmanship
Former Treasury SecretaryLawrence Summers has withdrawn his name from consideration to be chairman o...
EURUSD starts the week up at 1.3370, AUDUSD up at 0.9350, GBPUSD at 1.5940, USDJPY at 98.85, gold at 1328
Content is for general information purposes only. It is not investment advice or a solution to buy o...
Week in FX Asia – Abenomics: investors’ reckoning fuelled by hope
At present the dollar bulls may be in control, but in yen translation, the bear has awoken from its ...
Week in FX Americas – Soft US Data Calls For A Gradual Taper Approach
Friday’s US data was disappointing in various circles. In the end it probably has more individ...
Week in FX Europe – Global Inflation On The Move
It’s no major surprise to see that global inflation has continued to pick up gradually in rece...
Greek Unemployment Rises to 27.9 Percent
Greece’s jobless rate rose to 27.9 percent in June from 27.6 percent in May, reflecting the im...
India’s Production Rises 2.6 Percent
India says its industrial production in July rose 2.6 percent from the previous year. The numbers ad...
US Budget Deficit Shrinks 35 Percent From Last Year
The U.S. government posted a narrower budget deficit in August compared with a year ago, keeping the...
US Consumer Sentiment Drops in September
U.S. consumer sentiment fell to a five-month low in September, with Americans worried that higher in...
International Energy Agency Forecasts EM Crash Hitting Oil Demand
The recent crash in emerging market currencies could hit global oil demand if it continues, the Inte...
Europe Closer to Banking Union ECB Granted New Powers
Europe took a significant step forward in its ambitions to create a single banking framework for the...
French Finance Minister Favours Spending Cuts to Tax Hikes
According to Pierre Moscovici, the finance minister in France’s socialist government, the coun...
UN Warns Emerging Markets About Low Cost Strategies
Developing countries must avoid a race to the bottom to supply cheap goods to the world’s rich...
US Housing Faces Affordability Concerns
Rising interest rates are not wrecking the housing recovery; what’s wrecking the recovery is t...
Indonesia Shock Market With Rate Hike and Lower Growth Forecast
Indonesia’s central bank has raised interest rates for the second time in two weeks as it look...
India Economic Council Cuts Growth Forecast to 5.3 Percent in 2013
The Indian prime minister’s economic advisory council has lowered the growth outlook for the c...
Spanish Debt Reaches Record High in June
Spain’s public debt reached a record high in June, the country’s central bank said. The ...