Category: Forex Headlines
Global inflation- the dog that doesn’t and won’t bark
Aug 14 2011- Gavin
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A professor of political economy at Carnegie Mellon University in Pittsburgh, Pennsylvania, Allan Meltzer has been quoted as saying that despite Federal Reserve’s repeated assurances that long term inflations projections are stable, the depreciation of the dollar against weak currencies like the Euro and a sluggish productivity growth tell an entirely different story altogether; indicating a spiraling growth in money. He has also added that only measures such as those taken by the former U.S. President Jimmy Carter where he appointed Paul Volcker as Chairman of the Federal Reserves in 1979 could mitigate the spiraling inflation rates.
Euro Rises Despite Concerns for European Debt Crisis Stability as EU Meets
May 16 2011- Tiffany
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The euro climbed today long before the outcome of today’s European Union meeting in Brussles had any results. Apparently the potential for policy makers to restructure Greece’s debt, which dramatically spurred concerns regarding the European debt crisis was not enough to stop the brazen climb.
Osama Bin Laden’s Death Affects Forex Trading as AUD and NZD Fall
May 02 2011- Andrew
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Both the Australian dollar and New Zealand dollar were steadily climbing during Monday’s trading session, when they both plummeted quickly following the announcements confirming the death of Osama Bin Laden.
Forex: Yen Plummets Due to Credit Rating Downgrade to Negative Outlook
Apr 27 2011- Alex
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The Japanese yen fell today against all other Forex traded currency, even the poorly performing US dollar. The decline was triggered by the revision of the nation’s sovereign debt rating outlook as assessed by one of the primary rating agencies.
G20 Meeting Results in Plan to Prevent Global Financial Crisis
Apr 17 2011- Taylor
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The G20 members recently met, focused on discussing ways of preventing financial crisis, and they have agreed on a set of guidelines designed to do just that. The G20 finance ministers come up with a plan that will identify nations whose policies could impact the global economy, putting it at risk, if left unchecked.