Posted October 22, 2008The economic markets are now grappling with how to respond to the global recession. The stock markets dropped on 21/October/2008 as the dollar continued to strengthen against world currencies.
Posted October 21, 2008Major global stock markets rose on Monday, 20/October/2008, as credit markets began to show some signs of easing. The dollar rose against the euro, the British pound, the Swiss franc and the Canadian dollar as economies continue to deal with the financial crisis.
Posted October 21, 2008The world was taken by surprise when the Swiss government announced it would be taking a 9% stake in UBS. Hungary faces a financial crisis due to financing debt with foreign currency loans.
Posted October 21, 2008The Down Jones Industrial Average ended 16/October/2008 on a surprising up note. This only serves to reflect the continuing confusion and uncertainty marking the trader actions at this point.
Posted October 21, 2008The currency markets have a certain surreal air about them right now because it seems no matter what steps the global government finance agencies take, the markets continue to decline. Yet the politicians in the US claim they are taking “bold steps” to prevent further declines.
Posted October 21, 2008The downward freefall of the US stock market has reversed direction as traders respond to details of efforts to save financial markets from failure. But the euro continues to decline, because lack of unity caused Europe’s details to be announced too late.
Posted October 21, 2008The trading markets are quite erratic right now, because many people are still not convinced the European and US bailout plans will be effective. The financial experts are talking about increasing unemployment and falling retail sales indicate a continuing slide towards a recession.
Posted October 21, 2008Though the currency and stock markets appeared to be stabilizing two days ago, the US stock market plunged on 15/October/2008. One of the reasons this happened is because the US September retail figures were released and they were bad news all around.
Posted October 19, 2008The currency markets that were waiting for European unity on Monday were still waiting on Tuesday.
Posted October 19, 2008It’s with a lot of trepidation that people are watching currency rates right now.