Fed Bullard has also come out on a separate matter that could help to bolster
the USD after saying that the discount rate could go up in the near future as
the Fed prepares its exit from liquidity programs. Nobel Prize economist
Stiglitz is generating some attention on the Greek crisis after
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Top Stories Jaoanese data shows slow improvement Asia lower as week starts OIl
at $71.50/bbl Gold bounces over $1066/oz. Overnight Eco JPY Bank Lending -1.5%
vs. -1.0% JPY Current Account 1.10T vs. 1.27T JPY M2 Money Stock 2.9% vs. 3.0%
CHF Unemployment Rate
Key Overnight Developments • Japan’s Merchant Sentiment, Export Gains Fall on
Deaf Ears • Euro, British Pound Decline as Safety Demand Boosts Dollar Critical
Levels The Euro and the British Pound traded lower, slipping as much 0.3% and
0.4% respectively as
Asian governments mainly use domestic markets to fund their deficits and debt
levels are still manageable and within sustainable limits, CIMB economists, led
by Lee Heng Guie , wrote in a report today. The recent increase in Asian
credit-default swaps is temporary, said the analysts from
Asian governments mainly use domestic markets to fund their deficits and debt
levels are still manageable and within sustainable limits, CIMB economists, led
by Lee Heng Guie , wrote in a report today. The recent increase in Asian
credit-default swaps is temporary, said the analysts from
The surplus rose to 901 billion yen ($10 billion) from a year earlier, the
Ministry of Finance said in Tokyo today. The median estimate of 24 economists
surveyed by Bloomberg was for the gap to grow to 1.01 trillion yen. A surge in
global trade probably helped the world’s second- largest
U.S. DOLLAR: HAVE WE HIT A CAPITULATION POINT ? EUR/USD: STRONGER ECONOMIC DATA
BRINGS REPRIEVE GBP/USD: WILL HOTTER INFALTION BE SUSTAINABLE ? USD/CAD:
SURPRISING INCREASE IN EMPLOYMENT AUD/USD: OIL PRICES
“I see anemic recovery of economic growth in the U.S.,” and “the U.S. current
account is still very large,” Roubini, a founder of Roubini Global Economics,
said at a conference in Moscow today. “In the next two or three years, the
dollar has to weaken further on a trade-weighted
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
