Archive for February 9th, 2009

Currency Markets in the News

Global Growth Outlook Plunged in February

February 9, 2009

Each month a survey is taken and published in The Economist of forecasters’ real growth projections. The progressively gloomier mean forecast for GDP expansion in 2009 over the six months between August 2008 and February 2009 documents the rapid unraveling of the global economy. The biggest step downward in expectations occurred in the latest month, […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Sterling and Gilt Yields Climb

February 9, 2009

The dollar lost 0.7% against sterling and is 0.3% softer relative to the yen and kiwi. The greenback rose 0.3% against the euro and 0.2% against the Ozzie dollar. The Canadian dollar and Swiss franc are unchanged. Share prices are mostly lower, with drops of 1.3% in Janapn, 1.9% in Singapore, 0.6% in Britain, Indonesia, […] More