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•The Greece Effect Some Changes In The World Currency Orders
The debt crisis ensuing in Greece seems to be impacting currencies and prices of commodities like oil in a big way. Not only has it dashed the hopes of the Euro to emerge as an alternative reserve currency to the US dollar, but has actually propped up the latter due to emerging risk and investors seeking shelter in the safe haven of the US dollar.
The problems plaguing the Euro are not limited only to the Greek crisis, but debt problems in the nations of Portugal, Spain and Italy are adding...
•Is the US Economic Recovery Losing Steam
? New economic numbers on the employment front seem to have triggered a sense of gloom on the US economic front, with the US Fed officials taking a dim view on it. As per a survey by the payrolls firm ADP, the US economy added only 13,000 nonfarm jobs in the months of June against the expected 61,000. The number of jobs created in the month of May stood at a better 57,000. With this development, the June unemployment rate is likely to edge up to 9.8 percent from 9.7 percent in May. The new...
•Mexican Peso To US Economy US Recovery and the Peso Opportunity
The Mexican economy has the advantageous location of being the largest consumers' neighbor. Thus, any changes in consumer demand have almost an immediate and perceptible impact on the health of the Mexican economy. The health of the economy, quite naturally affects the value of the currency, which in this case is the Mexican Peso. With the onset of the US recession, the export demand in the Mexican economy plummeted and with it the Peso lost nearly 18% of its value.
The sudden drop in exports...
•The Canadian Dollar Loonie Jumps On Euro Zone Package
The Canadian dollar seems to have gone loonie quite literally on announcement of the Euro zone bailout package. The Loonie climbed 2% on the announcement of the loan package of about 1 trillion US dollars to contain the sovereign debt crisis in Europe. The Euro zone salvage plan has been put together by European Union, European Central Bank and International Monetary Fund.
In reality, the Canadian dollar gained back the ground it had lost with the onset of the Euro zone sovereign debt crisis....
•The Bernake Effect Stimulating The Economy
The environment was marked by a struggling US economy with continuing employment problems, a weak housing market and a burgeoning deficit, which could erode investor confidence. Bernake's position was position was sandwiched between stimulating the economy, while also satisfying congressmen on the tough political question of the fiscal deficit. The deficit has reached unmanageable proportions due to the fiscal stimulus provided by the government. However, the continuation of government...
•Q3 GDP Growth Review Is US Economy Headed Out Of Recession
? A pall of gloom seemed to have hit the US economy, with the US commerce department revising downwards, Q3 GDP growth estimates at an annualized rate to 2.2%, from the earlier 3.5%, which had been revised downwards to 2.8%. This suggests that the US economy did not grow as fast as earlier estimates had implied, dampening the positive mood that the economy had swung into.
Even though there has been a downward revision in GDP growth estimates for the third quarter of 2009, it is still the first...
•Proven Forex Trading Methods The Myths And Facts
Anyone who have been there, done that or lost it, this is for you. I came across a line which said, Bulls and bears alone make money, and the Chicken and pigs get slaughtered. Rule one of the Forex Book says that you are the Bull and the Bear. Myth one is read as you may end up being a pig. Was not that the best way to say that you deserve to be a Champ? Follow some of the best proven forex trading methods.
Now that you have got a hang of where we are headed to, I suggest we take a realistic...
•US Economic Growth Spurts But Just What Is Its Composition
? The latest GDP numbers for the US economy seemed to hold a surprise for everyone and reason to cheer on the face of it. The fourth quarter growth for the US economy was reported at an annualized rate of 5.7%, by far the fastest growth rate in nearly six years. Economists were expecting a GDP growth rate between 4.5% and 5.5 percent for the last quarter of 2009 and the latest figures seem to have beaten their expectations.
The higher October to December 2009 growth rate was on the back of the...
•Loonie Energized Canadian Dollar Achieving Parity With The US Dollar
This literally seems to be the case, with the Canadian dollar commonly called the Loonie achieving parity with the US dollar on the back of firming up of energy and crude prices. Canada has also benefited from the rising demand for commodities and metals like copper, gold, wheat and oil from the major emerging economies of India and China and the US. Canada is also the largest producer of uranium in the world and one of the largest exporters of natural gas.
Canada also has one of the largest...
•Canadian Dollar Versus US Dollar Loonie Approaching Parity With USD
The Canadian dollar or the Loonie, seems all set to attain parity with the US dollar on the back of firmer oil and commodity prices, better managed government debt, and a faster recovering Canadian economy, which is suggestive of the fact that interest rates may rise earlier in Canada than in the US.
Though Canada also carries the burden of huge government debt, a hangover of the economic stimulus package implemented by the government to stave off the recession, the country seems to have...
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