euro debt talks
Europe Holds Key to Rest of December
December 7, 2011
Investors are marking time with guarded optimism that the ECB will cut rates tomorrow and that the EU summit will produce substantive policy changes. The Greek parliament approved an austerity budget for next year. Currency moves have been muted. The dollar is unchanged against the yen, loonie, and kiwi. The greenback rose 0.2% against the […] More
Hope Ahead of EU Summit
October 19, 2011
Despite a two-notch downgrade of Moody’s Spanish sovereign debt rating to A1 from Aa2 and a workers strike in Greece, markets today have shown more hope than despair. Several key U.S. economic indicators will be released later, with a potential to change that optimism. The euro hit an overnight high of $1.3870 and is currently […] More
