Despite the retreat in the dollar on Monday in NY, the dollar again re-asserted itself in Asian trading on Tuesday, led by fresh EUR losses in a delayed ...
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Forex Market Update: Euro Under Pressure as IMF Calls For Further ...
Source: www.dailyfx.com
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Bank of Uganda Cuts Interest Rate 100bps to 22.00%
The Bank of Uganda cut its new monetary policy interest rate (the central bank rate [CBR]) 100 basis points to 22.00% from...
Strauss-Kahn sees autumn as turning point for global economy
IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery. Update:...
No challenge to Brown: Labour Parliamentary group
Reuters quotes the head of the Labour Party parliamentary group as saying there will be no challenge to PM Brown. There was an outside chance that bankbenchers would push for his ouster, as Gerry has been writing, but it looks as though he has survived that process. Cable continues to consolidate...
Belgian Central Bank issues negative forecasts
Obviously all is not well in the state of Belgium. The Belgian central bank has; cut the GDP growth forecast for 2009 to -3.5% from -1.9%, which would be the worst on record sees a 2009 budget deficit of 5.5% of GDP sees a short period of negative inflation this year and has lowered the annual...
Forex News and Rumors
The US government is expected to announce today which of the banks that received funds under the Troubled Asset Relief Program (TARP), are now strong enough ... See all stories on this...