Category: Forex
World Forex Wrap-Up
Jan 02 2012- David Simmons
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The slowing of the global economy is now prompting investors to turn towards the safer currencies, the US dollar and the Japanese yen. The euro has seen a very bad month, posting the biggest monthly decline versus the yen. This change in the perception of the market reflects the changes that have taken place in the world economy over the past few months, with the dollar coming through with some nice gains against the euro.
Consumers Just Don’t Want to Buy
Dec 31 2011- David Simmons
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The Commerce Department released figures of consumer spending for the month of August today, these showed a drop from 0.7 per cent in the previous month to 0.2 per cent now. As incomes dropped by 0.1 per cent, a first since October 2009, in the United States households were forced to utilise their savings. In addition to the o.2 per cent spending there was also a price rise of 0.2 per cent which in essence nullified the rise in spending.
Stocks Rebound in Volatile Trading
Dec 24 2011- Karen Matthews
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A significant change if not a total reversal of risk asset fighting has not been seen despite a pledge of support for the global economy by the G20. Investor sentiment throughout the world remains delicate following worries about the euro zone fiscal crisis and the bleak economic outlook. The Reuters-Jefferies CRB Index dipped by another 1.6 percent which is indicative that despite the fact that there is an improvement in the shares, their movement is still largely stagnant. This, many experts believe, is a reflection of the depth of investor uncertainty.