The recent downgrade to sovereign credit ratings for several of the Eurozone countries is just the latest challenge to befall the 17-member group of...
Eurozone Debt Crisis Infographic
Source: feedproxy.google.com
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EUR/USD Moves Higher Despite Weak French Industrial Production
By Fast Brokers - The EUR/USD is rebounding past 1.40 despite weaker than expected industrial production numbers from both Germany and France...
Asian forex market wrap
IMF says Euro-zone banks need a recovery plan A very quiet morning has turned into a big down-day for the JPY crosses Initial gains on regional bourses turn into losses Some US Banks allowed to repay TARP China to ease rules on investment overseas by its citizens/corporations Australian job ads...
EUR at highs of the day
We are seeing US dollar weaknes across the board as EURUSD trades above 1.4040. Offers at 1.4060 look like they will be challenged very...
Swiss KOF institute cuts 2009/2010 growth forecasts
The KOF Swiss Economic Institute has slashed it’s growth forecasts for the Swiss economy. The economy is now seen contracting -3.3% in 2009 from previous forecast of -2.4%, and contracting -0.6% in 2010 from previous -0.3%. The insititute warns that “the Swiss economy is in a long...
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 0.2%. Helping drag...