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Sen. Charles Schumer (D-N.Y.) blasted China on Friday and said a restriction on the country's currency manipulation is the, "single biggest step," lawmakers could take to boost U.S. jobs. Schumer has been a longstanding critic of China's alleged ...
Publ.Date : Sat, 13 Mar 2010 09:24:00 GMT
The eurozone has agreed a multibillion-euro bailout for Greece as part of a package to shore up the single currency after weeks of crisis, the Guardian newspaper has learned. Senior sources in Brussels said that Berlin had bowed to the bailout ...
Publ.Date : Sat, 13 Mar 2010 20:08:00 GMT
If your bank rejects any of your currency notes in the Rs 1,000 or Rs 500 denomination on the suspicion of it being fake, you have a right to fight. The problem of fake notes in circulation has assumed serious proportions across the country ...
Publ.Date : Sat, 13 Mar 2010 21:49:00 GMT
China and the US traded barbs on Friday over the economy and human rights, raising the temperature ahead of a possible showdown over currency policy next month. Su Ning, a deputy governor of the Chinese central bank, said the US should not ...
Publ.Date : Sat, 13 Mar 2010 04:59:00 GMT
The latest rhetorical salvoes underlined how long-running friction caused by the yuan’s de facto dollar peg could come to a head next month when US President Barack Obama’s administration decides whether to brand China as a “currency ...
Publ.Date : Sat, 13 Mar 2010 22:17:00 GMT
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Internet Forex Trading Currency Trading Signal
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The Aussie dollar has rallied, anticipating a higher yield spread between itself and the Japanese yen and the US dollar.
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The Aussie dollar has rallied, anticipating a higher yield spread between itself and the Japanese yen and the US dollar. This is one of the major components of Aussie dollar strength- the yield differential. The others are the commodity bull market, which creates demand for Aussie dollars, and the government's surplus, which compared to the fiscal policy of other Anglo Saxon countries, looks downright prudent.
And while home sales plummet in the States and foreclosures rise, at least one Aussie bank reported that it hasn't suffered much at all from the subprime led credit crunch. "Australia & New Zealand Banking Group Ltd. (ASX: ANZ), the nation's third largest, posted record second-half profit on new branches and increased deposits, insulating the bank from higher funding costs amid a global debt crisis," reports news.com.au
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