Tuesday, November 30th, 2010
"The dance of the dollar counts — and it counts a lot. With few exceptions, when the dollar weakens against the euro, commodity prices soar, and when the dollar soars against the euro, commodity prices plunge. Every commodity trader knows the importance of the dance of the dollar.
Friday, November 26th, 2010
"China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Wednesday, November 24th, 2010
"Argentina's government, in an unexpected shift toward economic pragmatism, said it was seeking technical assistance from the International Monetary Fund to design a new inflation index that could help restore credibility to official statistics.
Tuesday, November 23rd, 2010
"Inflation, as measured by the IPCA-15 price index, quickened to 0.86 percent in the month through mid-November from the same period a month earlier, the fastest pace in 9 months, the national statistic agency said today.
Monday, November 22nd, 2010
"Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.
Monday, November 22nd, 2010
"“It’s hard to make a strong case” the Fed’s bond-buying program can now aid the economy through lowering rates, said Stephen Stanley, chief economist with Pierpont Securities.
Friday, November 19th, 2010
“Federal Reserve Chairman Ben Bernanke is taking some highly unusual steps to counter widespread opposition to his $600 billion plan to jump-start the economy. He’s pressing China to let its currency rise and pushing Congress to pass more stimulus aid.
Tuesday, November 16th, 2010
"The president of the European Union has warned that the EU could collapse unless the debt crisis that is gripping the region is resolved.
Tuesday, November 16th, 2010
"Former Malaysian Prime Minister Mahathir Mohamad, who fought off an attack on the ringgit with capital controls during the Asian financial crisis, said currency trading is “silly” and the world should return to the Bretton Woods System of fixed exchange rates.
Tuesday, November 9th, 2010
"The euro came under pressure as worries over the finances of countries on the edges of the eurozone continued to undermine the single currency.