Sterling Weakens on Debt Warning

March 15, 2010

A warning from the Moody’s rating agency that Britain and the United States are closer to losing their AAA ratings hit the pound but not the dollar.  Sterling fell 1.0% against the greenback, which otherwise firmed 0.3% against the euro and 0.2% against the yen, Swiss franc and Australian dollar.  The Canadian and New Zealand […] More

Greek Debt Prognosis Still Unclear

February 16, 2010

EU finance ministers, also known as Ecofin, have told the Greek government to draw up more budget cuts by March 16th.  The situation remains unclear what the EU is exactly prepared to do and when should Greece needs additional aid support. U.S. and Canadian markets reopen today after Monday holidays.  The New York region is […] More