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• Business and Stock Market News

  Latest Economics Events

  • US: Factory Orders (MoM): 1.100 % (FXstreet.com: Latest Economics Events)
  • US: ISM Non-Manufacturing: 56.800 (FXstreet.com: Latest Economics Events)
  • MX: Consumer Confidence s.a: 94.000 (FXstreet.com: Latest Economics Events)
  • US: Average Hourly Earnings (YoY): 1.900 % (FXstreet.com: Latest Economics Events)
  • US: Nonfarm Payrolls: 243.000 (FXstreet.com: Latest Economics Events)

EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the euro’s destruction are so catastrophic that no sensible policymaker could stand by and let it happen.
A euro break-up would [...]

2011 Q3
2011 Q4
2012 Q1
2012 Q2

GBP vs

Eurozone (EUR)
1.16
1.15
1.15
1.15

US (USD)
1.65
1.66
1.66
1.66

Canada (CAD)
1.57
1.61
1.66
1.66

Switzerland (CHF)
1.28
1.32
1.38
1.38

Sweden (SEK)
10.56
10.35
10.24
10.12

Norway (NOK)
8.82
8.63
8.57
8.51

Japan (JPY)
125
119
119
119

Hong Kong (HKD)
12.87
12.95
12.95
12.95

China (CNY)
10.56
10.54
10.46
10.38

India (INR)
71.78
69.72
69.72
69.72

Australia (AUD)
1.73
1.74
1.74
1.84

New Zealand (NZD)
2.09
2.1
2.1
2.1

Market forecasts typically prove to be unreliable – BUT whilst they should not be relied upon they should certainly be considered when making the decision to actually buy a given curreny at any time or indeed buy [...]

Interest rates, inflation and exchange rates are all highly correlated. By manipulating interest rates, central banks exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries. Therefore, higher interest rates attract foreign capital [...]

FXstreet.com (Barcelona) – With the market jittery over the risks of contagion, the European financial sector is being put under the spotlight as another round of bank stress tests are to be released this Friday. In particular, the Spanish and Italian banking sectors are of noted importance as they both have seen a substantial loss [...]

Exporters Should Act Now to Beat Rising Interest Rates, Says CurrencyUK – 22 Feb 11
As inflation continues to rise, speculation is rife that the Bank of England (BoE) is set to raise interest rates three times this year, with the first as early as May. Foreign exchange (FX) broker, CurrencyUK, is urging exporters to book [...]

What is Purchasing Power Parity?
One of the oldest and most basic fundamental approaches to determining the “fair” exchange rate of one currency to another relies on the concept of Purchasing Power Parity. This approach says that an identical product should cost the same from one country to another, with the only difference in the price [...]

Not to be considered advice but maybe food for thought…

The answer depends on where the widely expected cuts actually appear…read more

Eurozone debt is a huge issue – to the extent that short selling bans have been put in place AND rumours of ECB interference in the FX markets has been heard. Today. 27/05/2010, we here that China is concerned over the issue and may beconsidering a sell off/diversification away from some of its Eurozone bonds… read more

Greece’s credit rating hasn’t proved to be as resilient as the UK’s, and it’s credit rating has been downgraded several times so that it now has to pay huge sums to borrow money- we are talking about the sorts of interest rates that you see quick loan companies advertising in the back of newspapers. Greece’s issues are compounded by the inflexibility of its labour force to adjust to austerity measures leading to strikes and general unrest.