Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten [...]
Posts Tagged ‘Global Markets’
As Dollar’s Value Falls, Currency Conflicts Rise
October 20th, 2010 by Financial Writer
Tags: currency market, economic, economists, financial crisis, financial markets, Global Economy, Global Markets, IMF, interest rates, us economic
more...China not headed for currency war- Geithner
October 1st, 2010 by Financial Writer
The United States and China can manage differences over Beijing’s currency policies without starting a trade war that damages both sides, U.S. Treasury Secretary Timothy Geithner said on Thursday.
“We’re not going to have a trade war. We’re not going to have currency wars,” Geithner said one day after the House of Representatives passed legislation authorizing [...]
Tags: economic activity, economic recovery, economy recovery, financial system, Global Economy, Global Markets, IMF, loans, money
Asian Reserves Jump in July as Euro Soars
August 10th, 2010 by Financial Writer
Asia’s foreign exchange hit a record high in July as the region’s fast-growing economies kept attracting strong inflows amid sluggish growth in the developed world, burnishing the role of Asian central banks as key players in the currency market.
Reserves held by 11 key Asian central banks, excluding China’s, amounted to $2.861 trillion at the end [...]
Tags: asian markets, Chinese economy, dow jones, european economy, financial markets, Global Economy, Global Markets, IMF, monetary
ECB’s Trichet Says Euro-Area Economy Stronger Than Expected
August 5th, 2010 by Financial Writer
European Central Bank President Jean- Claude Trichet said the euro-area economy is strengthening faster than forecast and money markets are improving as the region recovers from its sovereign debt crisis.
“The available data for the third quarter are better than expected,” Trichet told reporters in Frankfurt today after the ECB’s Governing Council set its benchmark rate [...]
Tags: debt crisis, economic, economic growth, economy recovery, european central bank, financial, Global Markets, investors, money
BSE Sensex drops 2.9 pct; State Bank, ICICI fall
June 8th, 2009 by Financial Writer
The BSE Sensex fell 2.9 percent on Monday in its biggest drop in almost six weeks as investors took profits after a near 90 percent rally over the past three months, with weak Asian and European markets aiding the selloff.
However, underlying sentiment was firm with expectations the economy was set to recover in the coming [...]
Tags: BSE sensex, Global Markets, India Finance