Greater investment in infrastructure could help improve the standard of living in Asia, but policymakers must be wary of committing themselves to costly projects, a conference in Tokyo heard. IMF Survey Magazine
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With a severe earthquake and tsunami hitting Japan, waves reaching as far as Hawaii and talk of Portugal requiring a bailout if Germany votes no on expanding the EFSF, we would be surprised if risk appetite managed to hold steady. With a severe earthquake and tsunami hitting Japan, waves reaching as far as Hawaii and [...]
Yen drops against U.S. dollar Once again, another prime minister’s government is in doubt in Japan. There has been a great deal of unrest and turnover when it comes to prime ministers in Japan recently, and the latest concerns surround current prime minister Naoto Kan. GFT’s Boris Schlossberg looks at the issues faced by Kan [...]
Currency trading with EUR/USD Earlier in trading, the euro posted gains in forex trading. Risk appetite picked up a bit, sending the euro up to 1.24 against the U.S. dollar on relief about events in Europe. However, uncertainty is returning to the financial markets, and the euro has slipped back below the 1.24 level, and [...]
Sterling drops dramatically on news that the Labour Party went crazy ahead of power change It looks as though the outgoing Labour Party in Britain went on something of a spending spree with public money in its final days, and the news of this spending has sent the sterling into a tailspin in currency trading. [...]
Greenback higher in currency trading The U.S. dollar is solid today in forex trading on the currency market as a number of factors come into play. First of all, spending in December turns out to have been not as bad as expected, providing some support for the dollar. GFT’s Kathy Lien reports on the spending [...]