The political consensus may be that President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may be the more lasting appraisal.
One year after U.S stocks hit their post-financial-crisis low on March 9, 2009, the benchmark Standard & Poor’s 500 Index has risen [...]

dollar, recovery, stock market, US Hide

A bipartisan group of 15 U.S. senators Thursday insisted China’s currency practices are effectively a subsidy and urged Commerce Secretary Gary Locke to consider action against Chinese imports.
“There can be no doubt that China’s policy of large-scale intervention in the exchange markets and the significant undervaluation of its currency acts as a subsidy to Chinese [...]

China, dollar, forex, US Hide

Switzerland’s central bank was seen selling francs in Asian trading time on Friday, sending the euro leaping higher after it hit a 15-month low against the franc and helping it rise above an eight-month trough against the dollar.
The euro has been under relentless selling pressure in the past month on concerns about sovereign debt problems [...]

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NEW YORK – The dollar climbed to its highest level against the euro in nearly a month Tuesday, boosted by concerns about weak investor confidence in Germany and Greece’s debt crisis.
The European single currency fell to 1.4291 dollars at 2200 GMT from 1.4382 dollars late on Monday.
Earlier the euro sank to 1.4252 dollars, its lowest [...]

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WASHINGTON: The US economy is heading down a path of lower living standards and diminished confidence without action to stem the massive budget deficit, a group of prominent researchers said on Wednesday.
A National Research Council panel said the country faces difficult choices on tax increases and spending cuts to achieve a more sustainable fiscal balance.
“The [...]

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EW YORK: The US dollar traded mostly lower to open the new year on Monday, as strong economic reports from the US and China encouraged riskier trades away from the safe-haven greenback. 
The euro rose to 1.4408 dollars at 2200 GMT, from 1.4323 dollars in New York late on Thursday before the New Year holiday weekend. 
Against [...]

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NEW YORK: Wall Street stocks edged higher on Wednesday after a better-than-expected report on manufacturing activity, indicating that a recovery from recession was on track.
The Dow Jones Industrial Average rose 3.10 points (0.03 percent) to 10,548.51, a day after the blue-chip index fell for the first time in seven sessions that saw new 2009 highs.
The [...]

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Diminutive expense accounts. Flying coach. The lingering threat of layoffs.
That seems to be the new normal in banking these days. And it’s unlikely to change in 2010.
Faced with a flurry of new regulations out of Washington and sluggish loan activity that’s hurting revenue, lenders are expected to have little choice but to continue tightening their [...]

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We Brits have a unique ability to embrace pessimism. We are rarely happier than when discussing the sheer awfulness of the country’s prospects. Indeed, if anything remotely good ever happens, we usually take it as a signal that something really rather bad must be just around the corner.
In the world of investment, there is one [...]

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cnbc.com, 21 Oct 2009
The dollar slumped to a new 14-month low Wednesday, and it could continue floundering well into next year.
The green back was trading at $1.50 to the euro Wednesday, a key psychological milestone. It also fell to a level near 75 on the dollar index, well below its year high of 89.62 and [...]

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