Currency Markets in the News
May Day and All That Jazz
May 1, 2008
Markets from China to Germany were closed today for May Day, a celebration of the worker with orgins that date back to pre-Christian Europe. Mayday’s other meaning is as a cry for help from extreme distress. Should the U.S. or even global economies be calling mayday, mayday, mayday? Not yet. In a jazzy lead editorial […] More
Larry's Blog
Frequently Used Abbreviations
May 1, 2008
Economic writing often uses abbreviations for frequently used words, phrases, or concepts. Some are very intuitive and/or part of general English usage like the months of the year (for example, Feb instead of February). Others may need a glossary of explanations. I’ve compiled a list below. Although not exhaustive, it is a start. m/m: Percent […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad
May 1, 2008
Many financial markets in continental Europe and Asia are closed for May Day. The dollar has recovered after an initial setback following yesterday’s FOMC rate cut and statement. The euro hit a 5-week low of $1.5497. The dollar currently shows gains since Wednesday’s N.Y. close of 1.0% against the Swiss franc, 0.7% against the euro, […] More
