Euro May Slide to 120 Yen by Year End on Crunch, Citigroup S
The euro may drop 13 percent versus the yen as global credit markets will remain depressed even after U.S. and European officials made as much as $3 trillion available to unclog lending, Citigroup Global Markets Inc. said.
Close, but no recession for Canada, forecasters agree
OTTAWA -- Close, but no recession, at least in Canada.That was the good news amid all the bad in economic forecasts Wednesday, including declarations by several that the U.S. economy is already in recession and one that without further action b
Canadian economic growth to slow: think tank
The Conference board of Canada warned today economic growth will slow next year because exports to the U.S. will drop and the resource sector will be hit by lower prices and the global slowdown.
Nikkei sinks 11.4 percent in worst fall since '87 crash
The Nikkei average tumbled more than 11 percent on Thursday in its biggest one-day fall since the 1987 stock market crash, after weak U.S. data fueled fears that bank rescue measures would not stave off a global recession.
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GBP/USD Testing 200-Day MA Support
The dollar rose against most major currencies on Tuesday. The highest US existing home sales since early 2007 supported the dollar and stock prices despite a downward revision in Q3 2009 US GDP. The S&P 500 gained 3.97 to 1,118.02 as the Santa Cl
Euro zone unemployment rate in double digits
The unemployment rate in the euro zone hit double digits in November for the first time in more than a decade, tempering hopes for a rapid recovery in the job market.
Euro (FXE) Plunges To All Time Lows
As a result, the Euro fell to record all time lows against both the Swiss Franc (CHF) and the Australian Dollar (AUD) while trading significantly lower ...
UK gilts inch up in thin trade
British gilt futures inched up in early trade on Thursday, but prices are likely to be volatile in thin pre-Christmas trade. ...
Forex: USD/CHF off lows, back above 0.9500
The Dollar gained momentum across the board and trimmed losses. USD/CHF rose back above 0.9500 after reaching a new all time low at ...
OIL: US Oil Prices steady around USD 91 per barrel
The recent appreciation in US crude Oil prices took a pause today as forecasts for a warmer weather in the US and a recent strengthening in the US Dollar ...
EUR/USD update (31st Dec 2010, 12:30)
... assets on the view that the global economic recovery will gain momentum next year. The hunt for higher yields partially explains why EUR/USD is gaining. ...


