Forex News and Rumors

New Global Currency?

A discussion paper from China’s central bank calls for the creation of a global currency to be administered by the International Monetary Fund (IMF). More

Stocks in Asia and Europe Jump on US Bank Plan

Stock markets in Asia and Europe remained in positive territory on Tuesday morning as optimism continues to reign after US Treasury Secretary Timothy Geithner released more details on President Obama’s plan to take billions in so-called “toxic assets” off the hands of the nation’s major banks. More

Geithner Lobbies for More Expanded Oversight

US Treasury Secretary Timothy Geithner is using the AIG bonus fiasco as one more example underscoring the need for more government oversight to address non-bank financial institutions. Geithner is scheduled to speak before the House Financial Services Committee today and it is expected that he will use part of this time to explain the need for more legislative oversight for dealing with financial entities that are exempt from some of the requirements of chartered banks. More

UK Mortgage Rate Approvals Increase for Third Straight Month

The British Bankers’ Association said today that 28,179 mortgages were approved in the month of February – an increase of nearly 4,000 over January. While down 31 percent from one year ago, this still marks the third month in a row that mortgage approvals have increased offering some hope that the UK housing market could be improving. More

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.