Archive for December 24th, 2008

Currency Markets in the News

G-7 in Recession

December 24, 2008

Christmas Eve finds all parts of the G-7 — the United States, Euroland, Japan, Britain, and Canada — in recession. They are not alone. New Zealand, Hong Kong, Singapore, South Korea, Taiwan, Iceland, the Ukraine, Estonia and Latvia are among the bunch of other economies also in recession. With oil below $40, Russia appears a […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Early Market Closures

December 24, 2008

Markets were closed today for Christmas Eve in numerous European centers such as Germany, Spain, Italy, Sweden, Norway, Switzerland. British and French markets are shutting at 12:30 GMT and 13:00 GMT. Much of Europe doesn’t open until Monday. Early closings are also set for North America. Sterling has softened 0.4% against the dollar, which otherwise […] More