Canada positioned to weather global crisis: Flaherty
US Dollar: What is the Fed Waiting For?
US Dollar: What is the Fed Waiting For? TODAY’S BIGGEST PERCENTAGE MOVERSEUR/NZD (+270 pips or +1.26%)EUR/AUD (+220 pips or +1.15%) EUR/USD (+105 pips or 0.79%)THE STORIES IN THE CURRENCY MARKETUSD: WHAT IS THE FED WAITING FOR?EUR: WILL THE REBOUND IN THE EURO LAST?GBP: BAILOUT PACKAGE EXPECTED FROM THE UKJPY: USDJPY HEADED FOR 100CAD: OIL PRICES […]
US Dollar Gains Despite Bernanke’s Signals That the Fed Will Cut Rates
US Dollar Gains Despite Bernanke’s Signals That the Fed Will Cut Rates
During a speech to the National Association for Business Economics this afternoon, Federal Reserve Chairman Ben Bernanke opened the door to rate cuts at their next meeting on October 29. In his comments, Mr. Bernanke said that inflation is likely to ease, and “the […]