Obama administration blasts China over currency and ... - Minneapolis Star Tribune
WASHINGTON - The Obama administration accused China on Thursday of abusing its citizens' rights and maintaining currency policies that cost millions of U.S. jobs, a double-barrel attack that comes amid a growing willingness to confront and even ...
Publ.Date : Fri, 12 Mar 2010 00:07:00 GMT
World stocks, commodities up - Financial Express
Fiscal concerns are resulting in extreme pessimism for both currencies in the near term, said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ. World stocks measured in the MSCI All-Country World Index inched up 0.1 percent to 300.72 ...
Publ.Date : Wed, 10 Mar 2010 12:12:00 GMT
U.S. dollar is still the world's most trusted currency - USA Today
The U.S. will spend about $1.8 trillion more than it gets in revenue this year. Next year, it will add an estimated $1.2 trillion to the debt. Expenses in the billions may not attract much attention these days, but when it gets to the trillions ...
Publ.Date : Fri, 12 Mar 2010 02:30:00 GMT
In trade speech, Obama presses China on currency - Reuters
President Barack Obama pressed China ... contribution to that global rebalancing effort," Obama said in the text of a speech. "We all need to rebalance. Countries with external deficits need to save and export more. Countries with external surpluses
Publ.Date : Thu, 11 Mar 2010 15:17:00 GMT
Federal appeals court upholds 'under God' references in Pledge of Allegiance, US currency - Baltimore Sun
SAN FRANCISCO (AP) — A federal appeals court upheld the use of the words "under God" in the Pledge of Allegiance and "In God We Trust" on U.S. currency, rejecting arguments Thursday that the phrases violate the separation of church and state. The San Francisco -based 9th U.S. Circuit Court of
Publ.Date : Fri, 12 Mar 2010 02:01:00 GMT
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Weekly Report..Markets Busy

English translation German translation - Deutsche Übersetzung French translation - Traduction française Italian translation - Traduzione italiana Spanish translation - Traducción española Portuguese translation - Tradução portuguese Chinese translation - 中国翻译 Japanese translation - 日本翻訳 Korean translation - 한국 번역 Arabic translation - الترجمه العربيه

 

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Author: Jason Fielder

Another week has passed, and the markets were busy this week as a slew of economic reports provided a lot of information for traders to digest on most of the major currencies. Some of the past weeks have been a little lighter, but this one more than makes up for it as every nation with a major currency had several major economic reports released, with the exception of Japan who only had one.
 

There were three major reports released from Great Britain this week worth taking note of. Britain released their nationwide consumer confidence report for the month of July, which came in at 60, right around the same ball park as the 59 that had been predicted. The NIESR GDP estimate for July was also released, and is predicting a recessionary contraction of -0.4%, which would be a little better than the -0.8% contraction from the last prediction but is on the wrong side of the line as far as overall economic growth goes.

 

The Bank of England also came public with their interest rate decision, and to nobody's surprise the rate remains set at 0.50%, just as it was last month and exactly as everyone predicted.
 
 


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