Dollar Posts Impressive Recovery as European Rescue Hope Fades
Euro: Is the Market Skeptical of Spain’s Bailout?
British Pound Has yet to Reap the Full Repercussions of Posen’s Dovishness
Australian Dollar Tumbles Under Risk, Chinese Data Fails to Impress
Swiss Franc Find Little Relief from Euro Efforts, Market Focused on SNB
Yen Gains Traction as Risk Reverses, New BoJ Nominees …
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VICE has an article out which serves as a friendly reminder what’s at stake over the next few months. Setting aside the sensational elements of the piece, this should serve as a reminder of the social unrest that austerity and prolonged economic crisis create. The Olympics are set to be a polarizing event one way or another when they come…
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I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the Bank of New York.
This is a…
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Since I am an avid collector of investment scam stories, I’ve got to update you on what’s been coming out of Switzerland. Two Japanese nationals were caught smuggling $134 billion in US Treasury bonds from Switzerland to Italy in a false bottom suitcase. No, that is not a typo, that is “b” for billion. The two were mysteriously let go…
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I had a chat with Bill Gates, Sr. last night, co-chairman of the Bill and Melinda Gates Foundation, the world’s largest private philanthropic organization. There, a staff of 800 help him manage $30 billion.
The foundation will give away $3.1 billion this year, a 10% increase over last year. Some $1.5 billion will go to emerging nation health care, and…
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By EconMatters
Spain finally bowed to the rising interest rates and the billions of euros worth of bad loans at Spain’s regional governments to ask for a loan. After emergency talks between Euro Zone finance ministers on Saturday, Spain will get up to $125 billion from the European Union (EU) to bail out its banking system.
The move came three weeks after…
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By EconMatters
Brazil, with 2.719 million b/d (barrels per day, as of 2010) oil production, is one of the larger non-OPEC oil sources, and ranked No. 9 in the world based on 2010 oil production data, according to the U.S Energy Dept.To exploit the huge offshore oil discoveries in recent years, Petrobras (PBR) — Brazil’s state oil company–unveiled an ambitious…
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| Index | Last | High | Low | Daily Change (%) | Daily Range (% of ATR) |
| DJ-FXCM Dollar Index | 10197.51 | 10203.78 | 10146.16 | -0.02 | 97.15% |
Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.02 percent lower from the open, the shift away from risk-taking behavior should continue to prop up the greenback, and the dollar may track higher in the coming days as …
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