Archive for May 13th, 2008

Currency Markets in the News

Fear of Inflation

May 13, 2008

Commodity price strains have lifted inflation across a broad cross-section of world economies. A sampling of latest twelve-month inflation rates includes 4.0% in the United States, 3.3% in the euro area, 3.0% in Britain, 8.5% in China, 7.9% in India, 14.1% in Pakistan, 13.3% in Russia, 10.6% in South Africa, 9.6% in Saudi Arabia, 9.0% […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 13, 2008

The dollar regained strength today, climbing 0.7% against the kiwi and Aussie dollar, 0.6% against the euro and pound, 0.5% relative to the Swiss franc and 0.4% against the C-dollar. $/yen dipped 0.1%, however. China’s CSI 300 equity index fell 1.4% on concern about the eventual earthquake impact. Good medium-term prospects are perceived to remain […] More