For a host of reasons, when the dollar spikes, stocks drop, and when the dollar falls, stocks soar. Right now, with dollar sentiment reaching maximum bearishness, contrarians are preparing for the next shift. If the dollar rise…
The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe’s common currency. Despite the E.U.’s trillion-dollar bailout fund, he’s not sure the Contine…
Moody’s Investors Service cut Spain’s top credit rating by one level to Aa1 from Aaa with a stable outlook. The agency cited a “weak” economic outlook and doubts that the nation will reach deficit-reduction targets.
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The Swiss franc has been a top currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions in Europe. But some signs suggest the Swiss currency is due for a correction.
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Despite a scary report about European bank debt, investors seem far calmer now. Why? A surprising swing from an almost certain eurozone double dip to robust growth since the Greek debt crisis has helped.
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