Barclays Predicts Dollar to Fall 8% Against Yen by March ’09
Barclays Capital issued a statement today suggesting that the yen may gain 8% or more over the buck as investors unwind carry trades over the next four to six months.
Weak Retail Sales Pulls Down the Pound
Retail sales in Britain fell 0.4% in the month of September forcing the pound down to $1.6227 – its lowest level in five years.
Speculation Builds that U.S. Government Will Aid Homeowners
In an article published today, the Wall Street Journal reported that the U.S. government may provide up to $40 billion to tackle the problem of home foreclosures, which increased an astounding 71% during the third quarter.
Foreclosures in U.S. Increase 71 Percent
The number of personal home foreclosures in the U.S. increased 71 percent in the third quarter, as more than 766,000 homes received foreclosure notices.
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.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012