financial news

Highlights The US dollar is on a more solid footing yet continues to consolidate versus the euro as details emerge of a potential Irish bailout.  The uncorroborated rumors of a bailout of Ireland emerged from the G20, narrowing the…

I will be on RT TV America tonight at 1745 ET talking about the G-20 and the Deficit Commission. Tomorrow morning at 1200 GMT (7AM ET), I will be on BBC World News saying more about the G-20. I hope I have something positive to say…

The US dollar is little changed against most of the major foreign currencies and is mostly firmer against the emerging markets.  The two main exceptions are the euro, which, while holding above yesterday's lows, continues to…

Merkel Prepares for G-20: 'Our Export Success Shows How Competitive German Products Are' - SPIEGEL ONLINE China raises bank reserves as cash inflows surge | Reuters Back to a Gold Standard? - Room for Debate - NYTimes.com Too big to…

Highlights The US dollar was just about evenly split across the board versus the G10 with large gains versus yen, but largely down versus sterling and CAD.  Meanwhile, the EUR whipsawed between $1.37 and $1.38, and as London came in…

The Usual Fare Get Ready for China's Big Development Switch_English_Caixin Taiwan’s two lines of currency defence | beyondbrics| FT.com Demand for Loans Remains Weak, Mixed News about Underwriting Standards - Asha Bangalore…

Highlights The US dollar was largely up in Asian session as concerns about debt in the European periphery continued to weigh on markets but sharply reversed course. EUR/USD dropped from $1.3920 to $1.3823 where it subsequently climbed…

Obama returns fire after China slams Fed's move | Reuters China inflation unlikely to ease soon: economist | Reuters FT.com - Eurozone woes and QE2 backlash damp enthusiasm What effect did health-care reform have on election?…

Highlights The US dollar strength before and after the payrolls report Friday continued through Monday, apart from a blip in early trading. The euro initially made gains, with EUR/USD up above $1.4080, as local elections in Greece gave…

Topic of the Day: Problems with QE mounting US accused of forcing up world food prices | Business | The Guardian QE2 inflates commodities, threatens 70s-styled malaise - International Business Times G20 finds common ground…