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Brown raises prospect of interest rates falling to ZERO after bank ... - Daily MailInterest rates could fall as low as zero, experts warned today after the Bank of England slashed them to their lowest level since 1939. The Bank cut the base rate by another one per cent on top of the shock 1.5 per cent reduction last month to take ...
U.S. Forex Market Commentary - FXStreet.comThe euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2850 level and was supported around the $1.2550 level. European Central Bank reduced interest rates by 75bps to 2.50% from 3.25% and ECB ...
Dollar Mixed Ahead of Employment Reports - FXStreet.comThe dollar traded mixed ahead of Friday’s important employment reports. US employment is forecast to fall over 300K and a drop over 400K is not out of the question. The USD/JPY dropped, testing important support in the 92 area, as US equities ...
ECB Trims As Britain And Sweden Slash - ForbesWhile the Bank of England and Sweden's Riksbank slashed rates aggressively on Thursday to combat their deepening economic slowdowns, the European Central Bank opted for a milder approach, seemingly trying to show the world that there's no reason to ...
Euro Trades Near One-Week Low Before ECB Meeting on Rates - BloombergDec. 3 (Bloomberg) -- The euro traded near a one-week low against the dollar on bets the European Central Bank will cut borrowing costs by a half-percentage point tomorrow. The yen fell against the dollar and the euro after stocks erased losses ...
Monetary Conditions Remain Tight - Seekingalpha.comNotwithstanding big declines in key central banks' interest rates, injection of funds into the financial system, and other bailout and stimulation packages, monetary conditions in the US remain tight. Effective monetary conditions are determined by ...
S.Africa stocks end losing streak, rand softer - Reuters AfricaJOHANNESBURG (Reuters) - South African stocks snapped a 4-day losing streak on Thursday, boosted by banks and miners, while the rand softened against the dollar in quiet trading that has largely characterised the market this week. The JSE Securities ...
Excessive pressure on the rupee will be curbed by RBI - Daily News and AnalysisThe appetite for risk got a boost last week on the back of fresh measures by the US Federal Reserve to fight the credit crisis and a particularly large rate cut by the Chinese central bank, the PBOC. The Fed on Tuesday announced that it would ...
Dollar gains as risk aversion returns - MarketwatchNEW YORK (MarketWatch) -- The U.S. dollar added to gains in overseas trading Friday, as weak equity markets sent investors into safer assets and speculation of a large European interest-rate cut weighed on the region's single currency. In late ...
Viewing all entries for: December 2008 - Economist.comThere has been a fascinating discussion taking place on depression economics. Paul Krugman, who's rereleasing his book on the subject, touched off the latest round with a note on wage policies, aggregate demand, and aggregate supply. Greg Mankiw ...
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