Darkness loomed around the greenback amid persistent fears over the health of the US financial institutions. These fears were further reinforced by the grim assessment made by the Federal Reserve on the sector.
In the face of looming hardship faced by a population of about 3.5 million inhabitants, the Central Bank of Liberia has disclosed that currency in circulation, exclusively in Liberian dollars amounted to L$3.3 billion during the first quarter (January-March) 2008.
As inflation continues to be a big issue of policy concern, Bank of Uganda has introduced new monetary policy tool to control inflation that has more than doubled the government target of controlling it at 5 per cent.
The Dollar fell near a record low against the Euro as investors believe the worst of the problems in the US financial system are not yet over. While the Dollar has recovered somewhat after better results than expected from big
USDCAD threatening parity again ahead of Canadian Retail Sales and GBPUSD rejected another dip below 2.0000 yesterday. MAJOR HEADLINES - PREVIOUS SESSION US Jun. Leading Indicators out at -0.1% as expected, buy May number revised to -0.2% vs. +0.1% originally
USD rallies through first important resistance levels - will there be any follow through? MAJOR HEADLINES - PREVIOUS SESSION US May House Price Index fell -0.3% MoM vs. -0.8% expected US Weekly ABC Consumer Confidence was steady at -41 vs.
Analysis The strong rally continued in the USD JPY and now has this pair in a position to change the trend to up on a trade through 107.75. A move through this price could trigger an acceleration to the upside
The NZD USD is facing downside pressure as traders await the next interest rate decision from the Reserve Bank of New Zealand on July24. Speculation is building that the RBNZ will reduce its target lending rate for the first time
Previous session overview On Tuesday, the dollar staged a strong rally as a top Federal Reserve official said interest rates may soon need to be lifted and oil prices dropped by about USD3 a barrel. U.S. Treasury Secretary Henry Paulson
Trina Solar (NYSE:TSL), a China-based company that manufactures and sells solar modules, recently announced that it expects second quarter sales to beat prior estimates based on the continued strong global demand for solar energy. Trina Solar expects revenues for the
We are very encouraged by ViaLogy's report, although final confirmation must await the results of drilling," said Atascosa Exploration CEO, John D. Mullins. "Our production engineering and geophysicist team is particularly impressed by the analysis tools Vialogy brings to bear
Crusader Energy Group Inc. (AMEX: KRU) announced on July 21, 2008, that the company had entered into a five-year $250 million second lien term facility with JPMorgan Chase Bank, N.A., as administrative agent. The second lien term facility works in
The US dollar has strengthened against all of major currencies thanks to 3 Ps - Paulson, Plosser and the price of oil. US officials were out in force this morning talking up the greenback in hopes of turning it mighty
The dollar rallied against its rivals Tuesday after Treasury Secretary Henry Paulson said a strong dollar is 'really very important' and Federal Reserve Bank of Philadelphia President Charles Plosser said interest rates should be raised 'sooner rather than later.' Greenback
On Tuesday, the Canadian dollar tumbled versus the US dollar for a variety of reasons, including a drop in the price of oil, disappointing Canadian retail sales, and hawkish comments by a Fed official. Meanwhile, USD/CAD faces additional event risk
