Currency Markets in the News
Worries Mount About Germany
July 7, 2008
Corporate prosperity in Germany was major reason for above-trend growth in Euroland in recent years. More broadly, trends in the euro area and in its largest member economy tend to move in tandem, so policymakers are forced to watch Germany even as they keep their eye on the whole area’s performance. President Trichet has instructed […] More
Currency Markets in the News
A Few Words About Economic Summitry
July 7, 2008
The summit of G8 world leaders is underway in Toyako on the island of Hokkaido, Japan. The eight self-selected members are the United States, Japan, Germany, France, Britain, Italy, Canada, and Russia. The first of these annual rituals involved finance ministers, was held in the Paris suburb of Rambouillet in November 1975, and was in […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad: German Industrial Output Took a Tumble
July 7, 2008
The dollar has advanced by 0.8% against sterling, the yen, and kiwi, by 0.7% against the Australian dollar and Swiss franc, by 0.6% against the Canadian dollar and by 0.3% against the euro. The Nikkei rose 0.9%, breaking a 12-session losing streak, longest since 1954. Stocks also rose by 5.1% in China, 2.3% in Hong […] More
