Tag: currency exchange
The G-20: Sound and Fury Signify Something in Seoul
by Charles Wallace on Nov.10, 2010, under Towing
On the eve of an economic summit in South Korea, disturbing signs of discord are emerging over currency valuations and trade between the U.S. and its major trading partners. Failure to achieve an agreement could set off more “currency wars.”
Continue reading The G-20: Sound and Fury Signify Something in Seoul
The G-20: Sound and Fury Signify Something in Seoul originally appeared on DailyFinance on Wed, 10 Nov 2010 09:40:00.
China Hikes Interest Rates, and the World Stumbles
by Charles Wallace on Oct.19, 2010, under Towing
China surprised international markets Tuesday by raising key interest rates for the first time in three years. The move sparked a worldwide sell-off on worries that it could cause the Chinese economy to slow down.
Continue reading China Hikes Interest Rates, and the World Stumbles
China Hikes Interest Rates, and the World Stumbles originally appeared on DailyFinance on Tue, 19 Oct 2010 15:30:00.
U.S. Dollar Trades Near 8-Month Low on Fed Bets
by Hugh Collins on Oct.11, 2010, under Towing
The U.S. dollar traded near an eight-month low against the euro on bets that the Federal Reserve will signal it is willing to buy more government debt in order to stimulate the economy.
The U.S. dollar traded at $1.3940 per euro as of 11:08 a.m. in London, Bloomberg News reported. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28.
Weak…
Continue reading U.S. Dollar Trades Near 8-Month Low on Fed Bets
U.S. Dollar Trades Near 8-Month Low on Fed Bets originally appeared on DailyFinance on Mon, 11 Oct 2010 08:09:00.
Filed Under: Economy, People, Investing, Credit, Currency, Market News
China Warns Against Duties on Imports to U.S.
by Hugh Collins on Sep.30, 2010, under Towing
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports — a move that would hurt the global economy if it became law, the Chinese government said.
Continue reading China Warns Against Duties on Imports to U.S.
China Warns Against Duties on Imports to U.S. originally appeared on DailyFinance on Thu, 30 Sep 2010 07:27:00.
Will the Export Economy Spark a Global Currency War?
by Charles Wallace on Sep.27, 2010, under Towing
Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tricky and even backfire.
Continue reading Will the Export Economy Spark a Global Currency War?
Will the Export Economy Spark a Global Currency War? originally appeared on DailyFinance on Mon, 27 Sep 2010 11:00:00.
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