World Bank Expects World Recession
World Bank Expects World Recession
U.S. Dollar Trading (USD) continued to test its strength against nearly all currencies as the new week offered little hope to investors. The World Bank said that the Global economy might shrink this year as the financial crisis intensifies. Stocks were once again weak but Oil managed to surge on continued […]
US Dollar Reverses Early Losses As World Bank Predicts Global Recession
US Dollar Reverses Early Losses As World Bank Predicts Global Recession
The US Dollar reversed initial losses against the Euro and the British Pound ahead of the opening bell in London as stock markets slumped on a World Bank announcement calling for the first global recession since World War II. Overnight data saw the Japan post […]
Japan’s Recession deepens
Japan’s Recession deepens
U.S. Dollar Trading (USD) had very quiet trading day with the US away for Presidents day. Risk aversion in Asia and Europe kept the Dollar well supported but the market is awaiting Obama’s speech on Wednesday in which he will outline his new Mortgage Support Plan. Crude Oil closed up $0.35 ending […]