Last Thursday the Japanese Cabinet approved an 18.6 trln yen ($182 bln) economic stimulus in an attempt to boost economic growth which has fallen behind the 1.9 percent mark set for the year. Prime Minister Shinzo Abe seems confident the boost will put businesses at ease and increase GDP even, but his view may be […]
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EU Trying to Patch Up Holes in Virtual Wallets
Be warned that there’s a hole in that e-wallet of yours! Will EU regulation comes in to patch things up? The European Banking authority issue a report today advising consumers to take the dangers of cybermoney more seriously with digital thefts having exceeded $1 million and traders being entirely unprotected in a case of a […]
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Euro on a Seven-Day Advance Before Draghi’s Speech Today
The euro has returned to old glories, albeit perhaps momentarily, as it sustains a week-long rally against the dollar matching its best performance since April 2011 before the speech of European Central Bank President Mario Draghi speaks in the European Union parliament today. Data scheduled for today are expected to show an upturn in the […]
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British Pound and Home Prices Continue Rising
Homes in the U.K. have become more expensive than they have been in a decade showed a report yesterday, as the sterling pound climbed to its highest levels in over two years against the dollar. The British currency failed to gain only against one of its 16 major peers and economists anticipate that data will […]
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Payroll Data To Trim the Dollar Further?
U.S. Payrolls data come out later today and everyone’s wondering whether the Federal Reserve will move into tapering even as early as this month. But the speculation is hurting the dollar which is set to drop for a fourth week in a row. With the European Central Bank deciding not to move on an easing […]
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What’s next for the Euro? This is the big question as the currency rose to a five-year high against the Yen last Friday. But is this a positive indication towards the recovery of the Eurozone? The Eurozone may have technically emerged from the recession but it is still combating a protracted economic decline. Whereas the […]
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Economic Events Shaping Up Currencies
Global economic events have affected major currencies around the globe as investors look to central banks and the employment market to gauge the health of national economies amidst last months talks and predictions regarding the future of easy monetary policy around the globe. The Bank of England will announce its monthly official bank rate at […]
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What could a future of “easy money” do to the world economy?
What would happen if interest rates worldwide dropped even lower and stay down for many years to come? What if much more bond-buying lies ahead? Yes, the Federal Reserve plans to reduce its bond-buying, leading us to the assumption that we are finally on the way towards tighter monetary policy after years of unprecedented stimulus […]
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Rising Global Manufacturing Drops U.S. Dollar’s Value
Data from around the globe have been showing signs of a worldwide manufacturing recovery that has cost the U.S. dollar its demand as a safe currency following its biggest rise in half a year through the month of November. The currency dropped against all 16 of its major peers China’s figures the last couple of […]
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Aussie Dollar Rising Against Central Bank’s Efforts
Australian bankers are beginning to find attention on their dollar uncomfortably high as it foils their attempts at lessening the currency’s strength. Central banks around the world have shown increased interest in adding the currency from down-under to their reserve funds. Westpac Banking Corp., the second-largest Australian bond underwriter reported that its interaction with central […]
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