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BRATISLAVA (AFP) - Prime Minister Robert Fico hailed EU approval of Slovakia's euro entry as a historic decision for his country on Wednesday while rejecting criticisms of its efforts to curb inflation. ... "It is a significant historical decision for Slovakia and its...
Written by Kathy Lien, Chief Strategist - British Pound: Strength to be Tested Big Moves in the Currency Market For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. Even though the moves today in all...
Written by Terri Belkas, Currency Analyst Investor sentiment throughout the Euro-zone is anticipate to improve very slightly in May as the ZEW survey is forecasted to edge up to -44.2 from -44.8. Nevertheless, this is not very far from the record low seen last month, and this news will not be...
From the depths of pessimism two months ago, dramatic rises in government yields have been seen in most big economies. At two-year maturities the shift has been close to a percentage point in the US, eurozone and UK. Even Japan has seen a clear upward move. About half of the US rise can be...
It was a quiet Friday afternoon, highlighted by optimistic comments from U.S. Treasury Secretary Henry Paulson on the state of the U.S. economy. This speech followed surprisingly higher housing starts and building permits and lower U.S. consumer sentiment and Canadian vehicle sales.
