2013-05-24 17:49 GMT The Australian dollar came under renewed pressure during the American afternoon after failing to regain the 0.9700 mark, and fell to fresh daily lows in recent dealings. AUD/USD extended losses to the 0.9630 area before finding support and it is currently trading around 0.9645, still down 1.0% on the day. In terms […]
AUD/USD falls to fresh lows Read More »
Moody’s rating agency announced today that it maintains a negative outlook on Spain’s Baa3 credit rating. One of the main reasons for this decision was the agency’s conviction that the country will fail to reach the 4.5% deficit target fixed by the EU. In Moody’s opinion, Spain will only manage to bring down its deficit
Moody’s maintains a negative outlook on Spanish rating Read More »
The shared currency is closing the week with strong gains, currently hovering over 1.3015/20 after hitting weekly highs in the boundaries of 1.3040. Recall that the euro found increasing buying interest on Thursday soon after hitting 2013 lows around 1.2740, and then initiating a sharp ascent reinforced today by the horrible data from March US
Forex: EUR/USD consolidating above 1.3000 Read More »
No problem readers, I’ll cover the $1.09, so it’s not all bad. Although using the USA methods of compound interest if I don’t pay it soon they might stiff me with a bill for a million or two, so perhaps a ‘whip round’ is in order. The USA officially closed the books on 2011 with
$15,222,940,045,451.09, The USA Finally Breaches 100 Percent Debt Versus GDP Level Read More »
