Archive for January 13th, 2009

Currency Markets in the News

Trade Flows Amplifying Global Recession

January 13, 2009

Imploding two-way commerce is playing a central role in the frighteningly rapid deterioration of the global economy.  Several countries released international trade figures today, reinforcing the abrupt drop in trade flows depicted in data released previously. U.S. imports plunged 12.0% between October and November, more than twice as fast as the 5.8% drop in exports.  […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Commodity Currencies and Stocks Tumble

January 13, 2009

There has been another spike in risk aversion. Stocks tumbled 4.8% in Japan, 4.2% in Thailand, 2.3% in China, 2.2% in Hong Kong, 3.0% in Italy, 2.6% in France, 2.3% in Germany, 2.4% in Sweden, and 2.2% in Switzerland and Britain. The dollar advanced 3.9% against the New Zealand dollar and 1.8% against the Australian […] More