A rather graphic description of the aftermath of the Iranian presidential elections. Interesting insights into how Ahmadinejad got some of his support.
Iran erupts as voters back “the Democrator”
Source: www.forexlive.com
- Tags:
- Forex
- the
- Democrator”
Read more...
WORLD FOREX: Profit-taking Pushes Dollar Higher
By Katie Martin LONDON (Dow Jones)--The dollar has climbed against most other major currencies in the European trading session, as investors showed relief ... See all stories on this...
WORLD FOREX: Euro Drops On Disappointing US Employment Data
NEW YORK (Dow Jones)--The euro declined against the dollar Friday as U.S. stocks fluctuated in and out of positive territory in the wake of a disappointing U.S. monthly unemployment report. During the New York afternoon, the single currency settled modestly below day-earlier levels versus the...
We used to sell dollars on bad auctions; now we sell dollars on good auctions
Heads I win, tails you lose. That’s the way things are working for the greenback. News is either dollar bearish or it is supportive of the US economy which increases risk assumption, the reflation trade, yada yada… No helping matters are comments from the Fed’s Lockhart who says...
China May Consumer Prices -1.4%, Producer Prices -7.2%
China’s consumer prices fell 1.4% yoy in May, the fourth consecutive month of deflation. Expectations were for a fall of 1.3%. China’s producer prices fell 7.2% in the year to May, much greater than the forecast of 6.8%. However most economists are relaxed about the fall, seeing it as a...
Another one bites the dust
Another UK Cabinet member has just resigned, this time its Transport Secretary Geoff Hoon. Its not yet clear why, but if its another stab in the back for Brown a leadership contest must now surely be very likely. Cable has dropped on the news back down to 1.5975 after reclaiming 1.6000. It looks...