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US Economy Contracts, Dollar Weakness May Continue

Gross domestic product contracted less than forecasted in the third quarter according to the US Commerce Department earlier this morning in New York.  In the last three months, US economic growth...

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Central Bank Rate Cuts Continue, Bank of England Slashes Rates By 1.5 Percent

Surprising the overall market, the Bank of England cut rates by a whopping 150 basis points to 3 percent at the start of the New York morning.  The decision places the domestic interest rate to the...

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Geithner Financial Plan Adds To US Dollar Prospects

USD strength was the theme in the New York afternoon as market participants saw nothing new from the administration’s Financial Stability Plan.  Although finer details revealed an expansion of the...

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Euro, Pound Recover Some Ground, Philly Manufacturing Falters

Beginning in the overnight and continuing throughout the New York session, momentum turned in favor of major currencies trading against the US dollar. Prompting euro and pound support were expectations...

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Moody’s, Policy Shortfalls Sink Sterling

Moody’s fired a salvo across the bow of the British pound on Friday. The glaring policy inadequacies of the Cameron government started showing up in investor’s minds immediately. Given the sizable and...

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