Currency Markets in the News
G-4 Real GDP Growth
May 21, 2009
The table below documents annualized rates of real GDP contraction between the third quarter of 2008 and the first quarter of 2009 and for the four quarters to 1Q09. These comparisons show a three-speed recession. Japan has weakened most severely, and the United States had the mildest drop-off, if one can call drops of 6.2% […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Dollar Up but Stocks Lower
May 21, 2009
Stocks fell by 0.9% in Japan, 2.2% in China, 1.1% in South Korea, 2.3% in India, 2.6% in Singapore, and 1.6% in Hong Kong. The German Dax and Paris Cac are trading off 1.6%, while the British Ftse has lost 2.2% after a damaging S&P warning, which also depressed sterling. Citing poor public finances, Standard […] More
