Darrell Issa from the House oversight and government reform committee is on the Reuters newswire saying that Fed chairman Bernanke and ex-treasury secretary Paulson will be subpoenaed if necessary to testify before the House on Bank of America’s acquisition of Merrill Lynch.
Bernanke and Paulson to testify before House
Source: www.forexlive.com
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FOREX VIDEO | NEW YORK SESSION REVIEW | July 7, 2009
Although the US dollar lost ground against most major currencies during today’s European session, the reserve currency recouped those losses during the New York session as risk aversion enveloped the financial markets. The descent of the EUR/USD currency pair from the M4 pivot point to the...
FOREX-Dlr falls ahead of next Treasury auction hurdle
TOKYO, June 11 - The dollar fell against a basket of currencies on Thursday, paring some gains made after the benchmark US. Treasury yield hit its highest ... See all stories on this...
BRICs flexing muscles
Reuters reports that Brazilian President Lula wants the BRIC countries to forge a common front on reforming multinational groups like the UN and IMF. Lula also announced a $10 bln contribution to the IMF. If the BRICs are willing to fund these and other programs, then by all means they should have...
Window of opportunity… | Forex Impact
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WORLD FOREX: Dollar Rises As Gloomy Outlook Prevails
LONDON (Dow Jones)--Gloomy global sentiment prevailed, helping the dollar to make gains against most other majors in Europe Thursday. Stronger than expected employment data from Australia did boost risk appetite at one stage earlier in the day but the move was brief and investors soon lost...