Bin Laden

Investors Avoiding Risk as Central Banks Meet

May 5, 2011

The yen strengthened beyond 80/USD for the first time since March 18, touching a high of 79.58 and climbing 1.1% on balance. Central banks in Malaysia and the Philippines hiked key interest rates by 25 basis points today. Central banks are also meeting in the U.K., Euroland, and the Czech Republic.  Markets are positioned for […] More