Archive for May 21st, 2009

Currency Markets in the News

G-4 Real GDP Growth

May 21, 2009

The table below documents annualized rates of real GDP contraction between the third quarter of 2008 and the first quarter of 2009 and for the four quarters to 1Q09.  These comparisons show a three-speed recession.  Japan has weakened most severely, and the United States had the mildest drop-off, if one can call drops of 6.2% […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Dollar Up but Stocks Lower

May 21, 2009

Stocks fell by 0.9% in Japan, 2.2% in China, 1.1% in South Korea, 2.3% in India, 2.6% in Singapore, and 1.6% in Hong Kong.  The German Dax and Paris Cac are trading off 1.6%, while the British Ftse has lost 2.2% after a damaging S&P warning, which also depressed sterling. Citing poor public finances, Standard […] More

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