Japan’s former Economic and Fiscal Policy Minister Hiroko Ota says country’s economy is likely to stumble again later this year after a temporary rebound. Comments little old, but interesting nonetheless.
Japan’s ex-Economy Minister Ota says recovery may be W-shaped
Source: www.forexlive.com
Read more...
Forex: GBP/USD falls further to 1.6410
Dollar is getting stronger across the board with the exception of the Yen on a big sell-off in equities. GBP/USD fell after the opening bell to 1.6415 (intra-day low). From there rebounded sharply and rose back above 1.6500 but failed to hold and regained the downside. After finding resistance at...
Brazil cuts rates by 100bps
In an unexpected move, Brazil has cut rates by 100bps to 9.25% with policymakers obviously still worried about the ongoing...
US Durable Goods Orders Reported with Mixed Results
Source: ForexYard The publication of the durable goods orders reports from the United States earlier this afternoon revealed a mixed...
US: Don’t rely on US
The various finance ministries are giving background briefings in the run-up to the G7 meeting this weekend. A US Treasury official is on the wires saying the world can’t rely on the US consumer to fuel a recovery. The world is not out of crisis yet and there is still much work to be done....
U.S. Nonfarm jobs fall less than expected, Unemployment rate at 9.4%. US Dollar gains in Forex after report.
Friday, June 5th - The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 345,000 jobs in...