Currency Markets in the News
Global Growth Outlook Plunged in February
February 9, 2009
Each month a survey is taken and published in The Economist of forecasters’ real growth projections. The progressively gloomier mean forecast for GDP expansion in 2009 over the six months between August 2008 and February 2009 documents the rapid unraveling of the global economy. The biggest step downward in expectations occurred in the latest month, […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Sterling and Gilt Yields Climb
February 9, 2009
The dollar lost 0.7% against sterling and is 0.3% softer relative to the yen and kiwi. The greenback rose 0.3% against the euro and 0.2% against the Ozzie dollar. The Canadian dollar and Swiss franc are unchanged. Share prices are mostly lower, with drops of 1.3% in Janapn, 1.9% in Singapore, 0.6% in Britain, Indonesia, […] More
