Harry Reid

Concern over Chinese Growth and U.S. Fiscal Cliff Threat

November 28, 2012

Mounting risk aversion has sent the euro lower and the yen higher.  Commodities, stocks, and sovereign debt yields are lower. The Shanghai Composite index fell another 0.9% and further below the key 2000 level to 1974. The 10-year Japanese JGB yield dipped a basis point to a 9-year low of 0.72%. At $1.2900 per euro, […] More