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US Federal Reserve's plan to purchase securities to boost the weak American economy. Currency traders said the peso would likely trade within the P43.10 to P43.50 per dollar range for the week. The local currency ended Friday's trading session at P43.
The potential boost in annual U.S. economic growth from the dollars decline since August 27. As finance ministers from the Group of 20 developed and developing nations meet in Seoul in an effort to avert a currency war, its helpful to recognize the
US Treasury Secretary Timothy Geithner is expected to push his plan aimed at rebalancing the world economy. Geithner wants to set new targets to reduce deficits in countries in order to fix global trade imbalances...I don't even know how they can
Finance ministers and central bank governors from the world’s 20 leading economies considered a U.S. proposal to manage trade and currency disputes at a meeting in South Korea Friday. U.S. Treasury Secretary Timothy Geithner asked
Geithner and Fed regional President Bullard in US trading, helped the greenback erase some of its losses against the Euro and extends its gains on the Pound.
For the first time in five weeks, interest rates on 30-year fixed-rate mortgages rose, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday. Rates on 30-year fixed-rate mortgages averaged 4.21% for the week
A day ahead of the start of the G-20 meeting in Seoul, many a market acted as if the outcome of said summit was a foregone conclusion -namely, that despite attempts to show that efforts are being made to avert a true currency war, the various leaders
Asian stocks rose on Thursday on growing expectations of more stimulus from the U.S. Federal Reserve, although gains were modest as investors took a cautious stance ahead of critical economic data from China. The dollar jumped half a yen and climbed
By Dian L. Chu, Economic Forecasts & Opinions Global markets freaked out on Tuesday primarily due to the following events: U.
Spot gold is trading at $1366.78 an ounce, recording a high of $1370.95 and a low of $1364.60. The previous day, gold shed $0.70 or 0.05% an ounce to close at $1368.23 an ounce. Gold price was setin London on Monday at $1367.25 per ounce inclining