6
Australia central bank intervenes again
Australia's central bank intervened to prop up the Aussie dollar for a third straight day on Tuesday after the currency fell to fresh 5-½ year lows against the U.S. currency in offshore trade.
8
Fed Funds Rate: Looking At Zero
The current 1.5% Fed funds rate isn’t long for this world. The Federal Reserve, perhaps in coordination once again with other central banks around the world, will cut interest rates, and soon. 7
European Commission Report Assesses European Trade Strength
A new European Commission report on the competitiveness of the European Union in the global economy has found that in a highly competitive environment, the EU has broadly maintained its world market share, while the U.S. and Japan have lost groun 7
UK Clothing Sales Decline in September 2008
The economic picture for retail sales is not getting any better in the UK. Most people know this either intuitively as their money buys less and less, or they read the paper every day which is full of gloomy predictions. Clothing sales have been 8
Bleeding dollar to survive and thrive
With the first, we are hostage to global events. In the continuing, arguably worsening, global meltdown, the answer is wide open to the downside. 6
Dollar and yen benefit in crisis
The US dollar and the Japanese yen are emerging as winning currencies in the global financial crisis. Both are considered safe havens because their banks have lent less than banks in other countries to emerging markets. In contrast, the main curr 5
Japan to take crisis action as bank shares tumble
Japan outlined steps to ease strains on its banks, as Tokyo stocks hit a 26-year low on fears that lenders will need billions of dollars to boost capital, and as the yen rose despite a G7 warning of excess volatility. 7
Fears of a Deep Eurozone Recession
Financial-market turmoil and a falloff in global demand are battering the $12.2 trillion euro-zone economy, second in size only to the U.S., stoking fears the 15-nation region is on the brink of a deep recession. 
